Back in February, Switzerland’s was on a slump while the strong Swiss franc worn demand of European Union for the country’s best selling products such as pharmaceuticals, chemicals and machinery products.
Exports in February dropped 3.9% from a year earlier, in real terms, to 16.12 billion Swiss francs ($16.5 billion), the customs office said Thursday. In nominal terms, exports also fell 3.9%, it said.
Imports reached 13.65 billion francs, down 2.1% in real terms and 5.3% lower in nominal terms.
The February trade surplus narrowed to 2.47 billion francs from 3.4 billion francs in January.
Watch exports in February slipped a nominal 2.0%, according to the customs office. Watch exports were worth 1.69 billion francs, for a decline of 1.5% in real terms.
