Swiss Exports to China Rise Dramatically
In the first six months of 2010, China (including Hong Kong) overtook France and the United States to become the second largest importer of Swiss machinery after Germany, according to figures from the Swiss Federal Customs Administration.Total Swiss machinery exports increased by 4.5 percent during that time period, primarily due to strong Asian markets.
In the first six months of 2010, China (including Hong Kong) overtook France and the United States to become the second largest importer of Swiss machinery after Germany, according to figures from the Swiss Federal Customs Administration.
Total Swiss machinery exports increased by 4.5 percent during that time period, primarily due to strong Asian markets. While exports to the largest importer, Germany, increased by 2.5 percent, exports to China increased by 18.2 percent and exports to Hong Kong increased by 34.2 percent. With an export volume of 4.2 billion Swiss francs, almost a fourth of all Swiss machinery exports go to Germany, while 8 percent go to China.
“The world financial crisis has changed the Swiss export landscape,” says Nicolas Musy, managing director of the non-profit organization Swiss Center Shanghai (SCS), which helps facilitate the entry of Swiss companies into the Far East. “With its gigantic infrastructure projects and economic growth, China will become even more important in the future.”
For more information from Swiss Center Shanghai, visit swisscenters.org.
