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Tag Archives: Swiss exports

Swiss medicine sales to Russia hit 30-year high

Pharmaceutical exports in nominal terms increased by 40% since the Ukraine war began. However, export volume increased only slightly. © Keystone / Christian Beutler Swiss exports of pharmaceuticals to Russia, which are not subject to sanctions, reached a 30-year record last year, buoyed by high prices. Roche, Novartis and the other Swiss pharma companies brought in CHF2.1 billion ($2.3 billion) from the export of pharmaceuticals to Russia in 2022. In 2021 the Swiss...

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Swiss Trade Balance November 2022: pharmaceuticals weigh down exports

We do not like Purchasing Power or Real Effective Exchange Rate (REER) as measurement for currencies. For us, the trade balance decides if a currency is overvalued. Only the trade balance can express productivity gains, while the REER assumes constant productivity in comparison to trade partners. Who has read Michael Pettis, knows that a rising trade surplus may also be caused by a higher savings rate while the trade partners decided to spend more. This is partially...

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Swiss exports exceed level before franc’s shock rise

In the third quarter of 2016, Swiss exports reached CHF 52.5 billion, 8.1% higher than they were for the same period in 2015, according to statisticians in Bern. Industries contributing to the rise were jewellery and precious metals (+21%) and pharmaceuticals (+17%). The industry showing the most negative shift was watchmaking (-8%). © Filmfoto | Dreamstime.com Stronger pharmaceuticals exports were behind 80% of the rise. Exports to North America (+24%) lead the way. Despite a decline in...

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