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Switzerland : Foreign trade collapses in April, watch exports not spared

Switzerland : Foreign trade collapses in April, watch exports not spared

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As a result of the measures implemented worldwide to fight against the spread of the new coronavirus, Switzerland’s foreign trade collapsed in April. In deseasonalized terms, exports fell by 11.7%, while imports fell by 21.9%. This was the biggest monthly decline in decades.

 

The trade balance nevertheless ended the month under review with a record monthly surplus of 4.3 billion Swiss francs, the Federal Customs Administration (FCA) wrote on Tuesday. Expressed in real terms, taking inflation into account, the decline in exports amounted to 10% to 16.7 billion francs, the largest drop ever recorded.

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Featured photo : © WF / FH

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