Switzerland'S Export Oriented Economy Suffered A Lot From Difficult Exports.

according to

The latest statistics from the Federal Customs Department imported 82 billion 458 million Swiss francs, down 7.4% from the same period last year. Switzerland exported 100 billion 141 million Swiss francs in the first half of this year, down 2.6% from the same period last year, and the trade surplus was 17 billion 683 million Swiss francs.

The decline of Swiss foreign trade shows that its export oriented economy is in a dilemma.

In September 2011, in response to the euro zone sovereign debt crisis and the development of Switzerland's outward oriented economy, the Swiss central bank [micro-blog] announced the implementation of the 1 euro to 1.20 Swiss franc's lower exchange rate policy.

However, the Swiss central bank had to announce the abolition of the unconventional and temporary protection measures in January 15th this year as the pressure on the Swiss Franc continued to grow.

Switzerland's foreign exchange and capital markets were volatile, and the Swiss Franc exchange rate rose sharply. The euro, yen and the US dollar fell to the low level of the Swiss Franc in 2011, 1980 and 1971.

The sharp rise in the Swiss Franc exchange rate has dealt a severe blow to the Swiss export economy, which poses a great challenge to the Swiss economic growth.

In the first half of this year, the largest decline in Swiss foreign trade was in the pulp and paper industry, which fell by 12.6% compared to the same period last year.

In addition, precision instruments dropped by 0.2%, chemical and pharmaceutical products decreased by 4.3%, mechanical and electronic products decreased by 5.2%, and plastics (8475, 70.00, 0.83%) materials industry dropped by 9.4%.

Down 1%.

And watches and clocks are the only sectors that achieve positive growth. Among them, jewelry is still the main driving force for exports, an increase of 15% over the same period, while the export of watches and clocks increased by 0.4%.

From a regional perspective, the traditional European market accounts for 57% of the Swiss export share.

In the first half of this year, Switzerland's exports to Europe and the euro area decreased by 6% and 8% respectively.

Under the influence of geopolitical tension and the sanctions imposed by the United States and the European Union on Russia, Switzerland's exports to Russia fell by 22.9%.

At the same time, Switzerland's exports to Africa fell by 14.6%, to Latin America by 0.7%, to Oceania by 3.5%, and to North America and Asia by 5.5% and 2.7% respectively.

The plight of the Swiss economy has caused serious concern in the business community.

Hays, President of the Swiss Federation of machinery, electronics and metals industries, warned that if no necessary measures were taken, Switzerland could experience large-scale disappearance of industries that had occurred in the UK and France.

The proportion of British industry in the domestic economy has decreased by half in the past 30 years, compared to 13.5% in 2014.

For the time being, although the share of Swiss industrial employment in total employment has dropped from 33% to 25% in the past 25 years, the proportion of Swiss industrial output has remained stable through rapid growth in productivity and high value-added products.

According to statistics, the proportion of second industries in Switzerland in 2013 was 25.7%, of which 18.7% of manufacturing industry accounted for.

J Treumann, a Swiss economic historian, also said that the exchange rate played a short-term role in the past economic structural adjustment, and the number of industrial posts was fluctuating.

The economic crisis of the past 200 years has always put pressure on Swiss industry to insist on invention, innovation and automation.

But at the same time, he said the situation is rather grim.

Because the Swiss central bank has refused to resume the policy of lower exchange rate of 1 euros to 1.20 Swiss francs and the Greek debt crisis has been dragged on for a long time, Swiss industrial and commercial enterprises are facing increasing difficulties.

Until now, the performance of the Swiss economy has been stable, and the industry has time to adapt to the new situation.

But if the Swiss Franc becomes stronger, the real economic outlook of Switzerland will be full of uncertainties, especially the metal and machinery industries.