瑞士9月贸易顺差收窄至四个月新低 进口激增抵消出口增长

Core Insights - Switzerland's trade surplus narrowed to 2.8 billion Swiss francs in September, marking the lowest level since May of this year [1] Import Analysis - Imports surged by 9.4% month-on-month, reaching 19.9 billion Swiss francs, driven primarily by a 34.2% increase in pharmaceutical and chemical products and a 19.5% rise in clothing and jewelry [1] - Notably, imports from Russia skyrocketed by 491.9% year-on-year, while imports from South Korea increased by 245%. In contrast, overall imports from non-Eurozone countries plummeted by 21.4%, indicating a significant shift in import sources [1] Export Analysis - Total exports in September amounted to 22.8 billion Swiss francs, with a month-on-month growth rate slowing to 3.4%. The growth was mainly fueled by vehicle exports (+21.8%), clothing and jewelry (+17.3%), and paper and printing products (+11.4%) [1] - Exports to the United States saw a substantial increase of 44.8%, highlighting strong demand for Swiss high-end manufacturing and luxury goods despite tariff barriers. However, exports to several European and North American markets experienced significant declines: exports to Slovenia fell by 29.6%, to Poland by 24.1%, and to Canada by 18.1% [1]