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    Swiss Trade Monitor - 4th Quarterly Report 2024
    The Quarterly Reports of the Swiss Trade Monitor document time trends in Switzerland's foreign goods and services trade of the most recent completed quarter. Not only are exports and imports considered in total, but these are broken down to provide a detailed analysis of Switzerland's trade development with its largest trading partners and most important product groups. Due to differences in data release schedules, the fourth edition of 2024 sheds light on the all quarters of the year for goods trade and the first three quarters for services trade. Here are key observations: - Switzerland's foreign goods trade in 2024 was about one percent higher than in 2023. Exports grew 3.2 percent while imports fell 1.6 percent. - In a year-over-year comparison, chemicals and pharma exports stand out with high growth in Q4. In contrast, imports of vehicles continue a negative trend. - Among trade partners, Slovenia again stands out. Both exports and imports still grow at outstanding rates. Exports to both China and the US are growing in a year-over-year comparison. - Exports and imports of services in Q3 of 2024 were higher than in 2023 with growth rates of 5 and 9 percent, respectively. - Growth in Swiss services imports is driven by several countries and transportation services in particular. Meanwhile, exports of services related to information and communication technologies continue to grow strongly.
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    Swiss Trade Monitor - 06 - Goods and Services
    With a total volume of almost 300 billion CHF, services constitute a large part of Switzerland's international trade flows. Their volume remains, however, lower than that of the goods trade. Trade shares of different service types are fairly evenly distributed for both exports and imports, indicating a balanced services trade. That is to say, the Swiss services trade is not marked by a few highly significant service types with disproportionate shares of total trade volumes. Goods and services trade flows possess a clear positive correlation between each other - both on a country level and on a product-group/service-type level. Services trade volumes remain on an upward trend, especially with partners such as the U.S., the Netherlands and Germany. R&D as well as license services have grown substantially over the last couple of years.
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