Swiss exports in July in July

Zurich (AWP) – Shipments of Swiss goods abroad fell in July. Furthermore, Those for the United States have increased slightly, before the entry into force of the American customs duties by 39%. Therefore, The trade balance completed on a surplus of 4.3 billion Swiss francs.

Both exports and imports recorded a drop last month. Nevertheless, In disassessive terms, the former decreased by 2.7% to 22.2 billion Swiss francs, after winning 8% in June, and seconds from 4.2% to 17.9 billion, at their lowest level since November 2024, according to figures published Thursday by the Federal Customs and Front Safety (OFDF).

The chemistry. Nevertheless, pharmacy sector, spearhead of the Swiss exporting economy, saw its sending abroad plunges 859 million Swiss francs or 6.8% over a month, at 11.9 billion Swiss francs.

They also fell 9.7% in jewelry and jewelry, when they increased by 8.4% in watchmaking. swiss exports july july In addition, “The watchmaking sector has thus progressed for the second month in a row and. at the same time, displayed its second largest turnover of the year,” said the OFDF.

Exports in the machine and electronic sector stabilized below 2.7 billion Swiss francs. Coffee deliveries decreased 2.3% to 285 million Swiss francs.

Anticipation of customs duties

Before the entry into force of customs duties of 39% at the entrance to the United States. Switzerland exported for 4.02 billion Swiss francs from goods to the country, up 1.1%.

Switzerland’s gold exports to the country with a star banner have gone in July. Almost five times more precious metal has been sent compared to July 2024, or 54 tonnes for a value of almost 4.7 billion Swiss francs. Over the first six months of the year. around 480 tonnes of gold left Switzerland towards the country of Uncle Sam, for a value of almost 40 swiss exports july july billion Swiss francs.

Likewise, stocks of watches have been set up across the Atlantic. Swiss watchmaking exports to the American market jumped 45.0%, the Federation of Swiss watch industry (FH) said on Thursday.

Europe is struggling

Exports to Europe have decreased by 4.5% to 13.1 billion Swiss francs. On the old continent, Slovenia, Austria and France have accused a cumulative drop of 966 million Swiss francs. On the other hand, sales in Italy increased by 298 million.

The Asian reverse (-1.3%) mainly taken root in China. Towards the latter, the shipments flexed almost a tenth (-119 million Swiss francs).

The decline in imports over a month is charged to chemicals and pharmaceuticals (-11.7%), energy products (-12.2%) and jewelry and jewelry (-9.2%). Conversely, the machine and electronic sector as well as that of vehicles displayed growth of 1.9% and 3.2% respectively.

Imports from Europe (-5.8% to 13.1 billion) and the United States (-7.9% to 1 billion) declined, swiss exports july july while those in Asia increased by 5%, despite the decline in the arrival of Chinese products (-1.1% to 1.56 billion).

In July, imports from Russia were encrypted at 2 million Swiss francs. No gold delivery of Russian origin has been identified, ensures the OFDF. Exports to Russia have registered with 172 million Swiss francs, 137 million of which emanated from chemistry-pharma.

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