Swiss exports: booming foreign trade

Between January and the end of March, the disappearing exports increased by 3.6% in nominal terms (not corrected for inflation) over a quarter, passing the 74 billion francs for the first time, the Federal Office of Customs and Border Security (OFDF) said in a press release on Thursday.

“The upward trend started in the second quarter of 2024 was confirmed, leading to a new historic peak at the exit,” notes the OFDF.

Over the same period, imports increased by 5.9% to rise at the record level of 60.5 billion. Also at the entrance, the positive trend observed since the second quarter of 2024 continued, “at a less sustained rate, however”.

The excess of the trade balance was 13.6 billion.

With the exception of vehicles, all exported goods groups recorded an increase in the 1st quarter, at different rhythms, however. With a boom of 2.3 billion, chemicals and pharmaceuticals made the highest contribution – based solely on the price effect – to export growth.

All the main markets have finished in the green, details the report. Exports to North America experienced the strongest growth, 16.6%, and 17.4% to the United States.

With regard to imports, the twelve groups of goods have increased compared to the previous quarter, thus contributing to an never recorded result of 2.5 billion (+12.6%). Imports of chemicals and pharmaceuticals also “by far the most dynamic”.

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