Now showing 1 - 3 of 3
  • Publication
    Swiss Trade Monitor - 1st Quarterly Report 2024
    The Quarterly Reports of the Swiss Trade Monitor document time trends in Switzerland's foreign goods and services trade of the most recent completed quarter. Not only are exports and imports considered in total, but these are broken down to provide a detailed analysis of Switzerland's trade development with its largest trading partners and most important product groups. Due to differences in data release schedules, the first edition of 2024 sheds light on the first quarter of the year for goods trade and the fourth quarter for services trade. Here are some key observations: -- Switzerland's foreign goods trade in Q1 2024 was about eight percent lower than in Q1 of 2023. Both imports and exports fell by eight percent. -- While pharma exports declined significantly, imports grew in a YoY-comparison with Q1 of 2023. Large declines in mineral fuels (HS-27) decreased both imports and exports. This partially reflects price changes. -- While goods trade with nations such as Italy and especially Slovenia flourishes, volumes with key partners such as Germany, France, China, or Spain are declining. -- In contrast to the development observed with goods trade, the report shows that Swiss services trade is growing strongly - both on the export and import side. -- Growth in Swiss services imports is mainly driven by transportation services while exports of ICT and tourism services are growing strongly.
  • Publication
    Swiss Trade Monitor - 12 - Trading with Africa
    Switzerland's trade volume with the African continent amounts to around CHF 20 billion. Swiss exports account for CHF 4 billion and the most important products include pharmaceuticals, machines as well as watches. Swiss imports from Africa are dominated by precious metals, pearls, and mineral fuels. Lesser traded products include cars, articles of apparels and agricultural goods. The largest African partners for Swiss exports are Egypt, South Africa, Morocco, and Algeria. On the import side, South Africa, Ghana, Burkina Faso as well as Mali are the most significant partners. When considering a partner's GDP, trade volumes with Africa are not lower than with other regions. Low trade volumes with Africa can thus primarily be explained by Africa's low economic performance in an international comparison. Gold imports from Africa have been steadily increasing in the last several years. Trade volumes follow the gold price closely, as is the case for most commodities.
  • Publication
    Swiss Trade Monitor - 11 - Switzerland's Rise as a Global Coffee Capital
    Despite lacking plantations, Switzerland is a leading global player in the coffee production and trade. It exports more than three billion Swiss Francs worth of coffee per year, making it the most important product of its agricultural exports. International comparisons show that Switzerland is the second largest exporter of coffee in the world, by value. The difference in relative values of 26.8 USD/kg for coffee exports and 5.0 USD/kg for imports is substantial: Coffee experiences a remarkable value added to it during its processing in Switzerland. Switzerland's most important coffee export partners include countries in Europe, such as France, Germany or Spain. More recently, however, a rapid expansion of exports to North America is visible in the data. Its most important import partners include Brazil, Colombia, Costa Rica and India. The substantial growth of Switzerland's coffee export sector is most likely driven by Nespresso, a subsidiary of Néstle and the coffee producer famous for popularizing the capsule system.