Shanghai (October 25, 2017) – In the first three quarters of 2017, Switzerland exported goods in the value of 12.3 billion Swiss francs to China and Hongkong, according to recent data of the Swiss Federal Customs Administration. This is a plus of impressive 16.2% year-on-year. “In absolute terms, this constitutes an export growth by 1.7 billion Swiss francs compared to the year before – more additional exports than any other market generated”, explains Nicolas Musy, Founder and Delegate of the Board of Swiss Centers in China, a non-profit organization that lowers the market entry barriers of Swiss companies into Asia. Mr. Musy: “This growth indicates that China’s growth, though slower, happens now in areas where Swiss products and quality are more and more in demand. The very positive dynamic of Sino-Swiss relations and the Free Trade Agreement may also play their part.”
‐ In the first nine months of 2017, Switzerland exported goods in the value of 12.3 billion Swiss francs to China and Hong Kong, a plus of 16.2% year-on-year and an alltime-high.
‐ With an absolute export growth of 1.7 billion Swiss francs year-on-year, China including Hong Kong is the most dynamic market for Swiss exporters, followed by Germany (+1.46 bio CHF) and the USA (+1.27 bio CHF).
‐ Swiss watches and precision instrument exports to China and Hong Kong grew by 13%, pharma exports grew by 23.7% and machinery exports went up by 10.8%.