In the third quarter of 2016, Swiss exports reached CHF 52.5 billion, 8.1% higher than they were for the same period in 2015, according to statisticians in Bern. Industries contributing to the rise were jewellery and precious metals (+21%) and pharmaceuticals (+17%). The industry showing the most negative shift was watchmaking (-8%).
Stronger pharmaceuticals exports were behind 80% of the rise.
Exports to North America (+24%) lead the way. Despite a decline in exports to the UK (CHF -258 million), exports to the EU climbed by 7%, doubling for Ireland. Goods sold to Asia rose by 6%, while exports to Russia were down by CHF 111 million.
The same quarter of 2014, before the Swiss National Bank abandoned the Swiss franc currency cap of 1.20 in January 2015, exports reached CHF 51.7 billion, 1.5% lower than the third quarter of 2016.