(MENAFN) Switzerland said its exports declined in April as the strength of the Swiss franc limited demand in the EU and the US for its chemicals, petrochemicals and watches, 4-traders reported.
Exports in April dropped 1.3 percent in real terms from a year earlier, to USD17.2 billion, the customs office said in a statement, while in nominal terms, exports dropped 5.1 percent, it said.
Meanwhile, imports reached USD14.08 billion, a drop of 0.7 percent in real terms and 8.1 percent lower in nominal terms. April's trade surplus widened to USD3.04 billion from March's USD2.62 billion.
Watch exports in April dropped a nominal 0.8 percent, according to the customs office. Watch exports were worth USD1.92 billion, for a gain of 1.1 percent in real terms.
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