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Swiss Trade Surplus Shrinks In Q3

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Switzerland's foreign trade surplus decreased in the third quarter as exports fell faster than imports, data from the Federal Customs Administration showed on Tuesday.

The trade surplus dropped to CHF 10.2 billion in the third quarter from CHF 12.6 billion in the second quarter. In the same period last year, the surplus was CHF 12.1 billion.

In nominal terms, exports fell 3.9 percent over the quarter versus a 5.2 percent decline in the June quarter. Imports also fell at a slower pace of 0.6 percent, following a 6.5 percent decrease in the second quarter.

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