HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Switzerland real imports rise 4.1% in March

Created at 2 Jun · 6:10 AM3 sources↑ Market-relevant2 events
IN SHORT

Switzerland's real imports increased by 4.1% in March, a significant rise from the previous month's 3.1%. Real exports also rebounded, growing by 3.0% after a prior decrease. However, Swiss watch exports saw a substantial year-on-year decline of 16.6%.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

4.1%Switzerland real imports growth (March)
3.0%Switzerland real exports growth (March)
-16.6%Swiss watch exports year-on-year change (March)
3.1%Previous month's real imports growth
-3.4%Previous month's real exports growth
-3.6%Revised previous month's real exports growth

Who's Involved

Switzerland
Country reporting on trade balance and watch exports

↳ Why This Matters

This data provides a snapshot of Switzerland's trade performance, with a notable increase in imports and a rebound in exports. The significant drop in watch exports highlights challenges in a key luxury goods sector, potentially impacting the broader Swiss economy and its reputation for high-value goods.

Key facts

  • Switzerland's real imports increased by 4.1% in March.
  • Real exports in Switzerland grew by 3.0% in March.
  • Swiss watch exports decreased by 16.6% year-on-year.
  • The previous month's real imports figure was 3.1%.

This data provides a snapshot of Switzerland's trade performance, with a notable increase in imports and a rebound in exports. The significant drop in watch exports highlights challenges in a key luxury goods sector, potentially impacting the broader Swiss economy and its reputation for high-value goods.

Frequently asked questions

The increase in real imports suggests higher domestic demand or restocking, while the rebound in real exports indicates some recovery in external demand for Swiss goods. The contrast with the decline in watch exports points to sector-specific challenges.

The significant year-on-year decline in Swiss watch exports may indicate weakening demand in key international markets, increased competition, or broader economic slowdowns affecting luxury goods consumption.

In the previous month, Switzerland's real exports had decreased by 3.4% (revised from -3.6%), while real imports had grown by 3.1%.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence
CME Headlines
  • 10-Year Treasury Note yields rose on Middle East supply risks.
    8 Jul · 8:03 PM
  • 10-Year Treasury Note yields rose on Middle East supply risks.
    8 Jul · 8:03 PM
  • Japanese Yen futures fell near multi-decade lows.
    8 Jul · 7:57 PM

How It Developed

2 Jun · 6:06 AM
Article reports March real exports rose 3.0% (vs. prior -3.4%) and real imports rose 4.1% (vs. prior 3.1%).
@LiveSquawk via PiQSuite
2 Jun · 6:01 AM
Switzerland's real mortgage interest rate imports changed by 4.2%, up from the previous 3.1%.
@FirstSquawk via PiQSuite

Sources

T1
SWITZERLAND (APR) IMPORTS REAL MOM ACTUAL: 4.2% VS 3.1% PREVIOUS@FirstSquawk via PiQSuite
T1
SWITZERLAND (APR) EXPORTS REAL MOM ACTUAL: 3% VS -3.4% PREVIOUS@FirstSquawk via PiQSuite
T1
Switzerland Exports Real (M/M) Mar: 3.0% (prev -3.4%; prev R -3.6%) - Imports Real (M/M): 4.1%% (prev 3.1%; prev R 2.1%) - Swiss Watch Exports (Y/Y): -16.6% (prev -1.0%)@LiveSquawk via PiQSuite

Related Stories

IMF Warns Middle East Conflict Risks Stoking Inflation, Hurting Global Growth
8 Jul · 1:03 PM
Foreign investors pare India rate-hike bets, fuel record swap trading
8 Jul · 9:56 AM
IMF Downgrades Global Growth to 3% Amid Iran War, Inflation
8 Jul · 1:11 PM
Labor Market Not a Source of Inflationary Pressure, Latest Report Shows
8 Jul · 2:25 PM
Mexico expects economy to outperform IMF projections
8 Jul · 3:14 PM