Swiss Machinery Exports to China back on Track

by swisscham in Business

The exports of the Swiss machinery industry to China and Hong Kong are back on track. In the first quarter 2014, Swiss machinery companies sold goods in the value of 650 million CHF to China and Hong Kong Ð an absolute growth of 89 million CHF (or 13.7%) compared to the year before, according to figures of the Swiss Federal Customs Administration. ÒIn the Far East, Swiss enterprises achieved three times more absolute export growth than in the United States (29.5 million CHF) and about as much as in Germany (90.5 million CHF, +4.7%), by far the most important market for Swiss goodsÓ, analyses Nicolas Musy, Managing Director of the non-profit organization Swiss Center Shanghai (SCS), the largest cluster of Swiss enterprises in Asia. After stagnant machinery exports to China last year, demand bounces back. Altogether, Swiss exports to China and Hong Kong grew by 12% in the first quarter 2014 year-on-year. Goods in the value of 3.7 billion CHF have been exported, a plus of 444 million CHF. In the same period, only exports to the UK (+25.2%) and Germany (+5.5%) grew by a bigger absolute figure.

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