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Switzerland's trade surplus reaches a record high in 2014
The Swiss Federal Customs Administration released its trade data figures for Switzerland on Tuesday. Switzerland's trade surplus narrowed to CHF1.5 billion in December from CHF3.8 billion in November.
Exports rose 7.2% in December, while imports declined 0.2%.
For 2014 as whole, Switzerland's trade surplus increased to a record high of CHF30.0 billion in 2014 from CHF23.6 billion in 2013.
The increase was led by a 3.5% rise in exports, driven by pharmaceuticals, chemicals and watches. Imports declined 0.4% in 2014.
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