The Swiss Foreign Trade showed a negative trend in October 2020. Exports stagnated seasonally adjusted by -0.4 % and also imports were decreasing by 3.3 %. These trends confirm the since summer flattened development for both streams. The Trade Balance closed with a surplus of CHF 2.9 billion.
- Chemicals and Pharma are negative for both streems
- Exports to North America and Asia shrank
- Imports of passenger cars reached the highest level in the ongoing year, also imports of textiles, clothing and footwear increased
- Exports: Watches, machinery and electronics and metals are continously on growth course
Swiss total exports in October 2020 amounted to CHF 17801 million (nominally -0.4 %, in real terms -0.5 %), imports settled at CHF 14930 million (nominally -3.3 %, in real terms -3.4 %).
Seasonally adjusted export values of textiles, clothing and footwear amounted to CHF 391 million, less CHF 10 million or nominally – 2.5 % and in real time -1.6 %.
The seasonally adjusted imports of the same three segments totalled in October CHF 1’071 million or + 33 million, nominally +3.2% and in real terms + 4.7 %.
Clothing imports amounted to ,CHF 682 million, + CHF 36 million, nominally +5.6 % and in real terms+ 9.4 %.
Footwear imports were in October CHF 182 million or plus CHF 4 million, nominally + 2.0 % and in real terms +2.5 %.