Original source (on modern site)
Skip to content Home » Currency News » Switzerland's trade surplus expands in March Switzerland reported a trade surplus in the amount of CHF 2.8 billion in March, compared to a revised up CHF 2.3 billion surplus in February. The nation's total exports went down 0.6% month-over-month to CHF 21.1 billion, mostly because of lower shipments of jewelry (-37.2%), clocks (-1.5%), precision instruments (-1.5%) and food and beverages (-1.4%). At the same time, total imports shrank 3.3% month-over-month to CHF 18.2 billion, mostly reflecting lower purchases of jewelry (-18.1%), clocks (-6.6%), chemical-pharmaceutical products (-6%) as well as energy products (-5.8%). In March, Swiss exports decreased the most to UAE (-26.4%), Hong Kong (-26.1%), Singapore (-21.7%) and Saudi Arabia (-16.9%). Swiss imports dropped the most from Saudi Arabia (-87.6%), Singapore (-33%), Japan (-32.9%) and South Korea (-24.1%), data by the Federal Customs Administration showed. The Swiss Franc was 0.10% firmer on the day against the US Dollar, with the USD/CHF currency pair last trading at 0.9098. The Swiss currency had advanced to 0.9081 per dollar after the trade data release. Author: Miroslav Marinoff
Miroslav Marinoff, a news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market and the US Stock Market. TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.