Swiss Garment Exports Fell 8.2% In The First Quarter Of 2011
According to the first quarter foreign trade statistics report released in 2011 by the Swiss customs office (EZV), even in the face of
Continued appreciation of the Swiss Franc
In the first quarter of 2011, Switzerland's foreign trade continued to grow. Its exports grew by 5.8% (+12.3% in real terms), the total amount being 49 billion 988 million Swiss francs, and the price of exports increased by 5.8%.
Nominal imports rose by 6.2% (+6.5% in real terms), amounting to 44 billion 532 million Swiss francs.
Imported goods
The price dropped slightly by 0.3%.
Balance of trade surplus
Up to 5 billion 405 million 600 thousand francs (3% growth in name).
Among the top 10 export industries, the watch industry and machinery and electronics industry are the most growing industries. In addition to their undesirable exports to Europe, exports to other regions have continued to grow, of which Asia is the most growing region.
The industries that Switzerland exports most are: watch industry (+14.7%), metal industry (+14.3%), machinery and electronics industry (+13.9%), plastics synthesis industry (+3.3%), precision instrument category (+3.0%), textile industry (+1.6%), and industries with negative growth in exports are: chemical industry (-1.2%), food and luxury goods (-1.4%), paper making and drawing industry (-7.5%), and garments (-8.2%).
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