Testimonials

We use RW Freight Services, because we know that the service they provide is of the highest standard, especially when handling our imports from China.

China LCL Importer
80761

RW Freight carry my imports from Sweden; I am very happy with their service, as they always deliver my cargo to me on time.

Import Freight from Sweden
77271

Rate RW Freight excellent for our exports to Denmark

Denmark Freight Exporter
85642

More Testimonials

air freight Australia Brexit Canada cargo China container containers Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey U.S.A USA wine

Swiss exports fall

Tags: ,


Swiss exports fell 0.8 percent in January in real terms from the previous year. Export sales of chemicals and pharmaceuticals were hit hard, the Federal Customs Office said on Thursday.

The surge in the Swiss franc since the country scrapped the currency’s cap in mid-January may also have played a role in the fall in exports. The Swiss National Bank removed its 1.20 francs per euro cap on Jan. 15, a measure that had helped protect exporters from a strong franc.

This move sent the currency, seen as a safe haven during times of global economic stress, soaring against the euro and has led some economists to predict the Swiss economy will contract this year. This was the second consecutive month that exports fell in real terms when taking account of a different number of working days.

In nominal terms, exports rose 1.2 percent in January,to 16.404 billion francs (11.2 billion pounds). Exports of chemicals and pharmaceuticals, the country’s biggest exports fell 5.9 percent in nominal terms. Machinery exports dropped 8.4 percent, while watches ticked up by 3.7 percent.