Chemicals and Pharma are pushing Swiss exports to an all time high in February 2022

 

Swiss exports were adding 15.4 % in February 2022 after drawbacks in the two precedent months, were as total Swiss imports – seasonally adjusted decreased by 2.9 %.

In short:

  • After three times of drawbacks in the subbranch watch exports, these increased by 8.1 %.
  • The deliveries to North America expanded by 50 % and the imports from the U.S.A. increased by 9.2 %
  • Imports of Energy sources repeated drawbacks by one fifth.

The decreasing values in imports resulted from three good’s group: Energy sources dropped 18.4 % or CHF 364 Million, these increased already in January 2022 for pricing reasons around 33 %. Chemicals and Pharma-products dropped y 5.2 % or CHF 273 million, especially medical imports sank by 20 % or b y CHF 431 million. In January 2022 the import increased by one third. The import of vehicles in  February decreased by 12.2 % or by CHF 186 million, particularly airplanes, whereas machinery and electronics as well as metals increased by CHF 73, respectively CHF 66 million, both segments confirmed the upward trends.

Total Swiss Exports, seasonally adjusted in February 2022 had a value of CHF 24011 million or CHF +3204 million, or nominally 15.4 %, and in real terms + 8.1 %. Textiles, clothing and footwear had a share of CHF 401 million, or a plus of 8 million against January 2022 or nominally – 3.0%, and in real terms +1.6 %.

Swiss Imports, seasonally adjusted had in February 2022 of textiles, clothing and footwear a value of CHF 1014 million, or a plus of CHF 22 million, or nominally or nominally + 2.2 % and in real terms +2.5 %. The share of clothing was CHF 677 million, or nominally + 1.6 %, and in real terms +2.5 %. Footwear had a share of CHF 162 million, or nominally +0.7 %, and in real terms +0.2 %.

Translated from German by Virginia F. Bodmer-Altura

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