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Swiss Trade Surplus Rises In April

(RTTNews) - Switzerland's trade surplusincreased to CHF 2.02 billion in April, data from the Federal Customs Administration showed Friday. The trade surplus totaled CHF 1.68 billion in March and CHF 1.28 billion in February.
Annually, exports and imports grew 3.2% and 2.3% respectively, in real terms. In nominal terms, exports recorded 1.9% growth, while imports surged 6.1%. Month-on-month, exports were up real 3.1% and imports grew 0.8% in April.
During January to April, the trade balance showed CHF 7.41 billion surplus.
Elsewhere, a report issued by the Federation of the Swiss Watch Industry FH showed that watch exports in April returned to their 2007 level. Watch exports grew 11.5% annually to CHF 1.2 billion. But this sharp growth was slightly below the average for the first quarter. Over the first four months of the year, the sector recorded an increase of 16.4% compared to 2009.
Although at different rates, most markets continued on the path of recovery. Hong Kong remained very dynamic for Swiss watch manufacturers. After strong growth in March, the U.S. recorded a modest increase in April.

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