According to data from the Federal Customs Administration, Switzerland’s exports rose for the second straight month in January as a result of high demand for chemical and pharmaceutical products.
After increasing by 5.6 percent the month before, exports increased by an actual 2.5 percent monthly in January.
After increasing by 0.3 percent in December, shipments increased by only 0.2 percent over the course of the month.
Both exports and imports saw net growth of 2.2 and 0.9 percent, respectively.
According to the agency, the 6.1 percent increase in the exports of chemical and pharmaceutical products was a major factor in the total increase in exports in January. Following that, shipments of precision tools rose by 4.0 percent.
However, a 13.1% decline in overseas demand for jewelry products significantly slowed the growth in exports.
Source: RTTNews
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