The FINANCIAL — Switzerland’s exports declined in April as the strength of the Swiss franc curbed demand in the European Union and the U.S. for its chemicals, pharmaceuticals and watches, according to Nasdaq.
Exports in April fell 1.3% from a year earlier, in real terms, to 16.3 billion Swiss francs ($17.2 billion), the customs office said on May 28. In nominal terms, exports dropped 5.1%, it said.
Imports reached CHF13.4 billion, down 0.7% in real terms and 8.1% lower in nominal terms.
The April trade surplus widened to CHF2.9 billion from CHF2.5 billion in March.
Watch exports in April dropped a nominal 0.8%, according to the customs office. Watch exports were worth CHF1.83 billion, for a gain of 1.1% in real terms.
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