The Swiss Trade Monitor documents time trends in Switzerland's foreign goods trade. The first edition considers data from January 2019 until November 2022, a time span that covers both the COVID-19 pandemic in early 2020 and the Russo-Ukrainian War which started in February 2022. Both events led to noticeable declines in trade volumes which were, however, of temporary nature. Swiss foreign trade recovered quickly from the pandemic-induced decrease. And in contrast to the European Union or the United States, Swiss exports to Russia do not show a lasting decline throughout 2022. Large volumes of pharmaceutical exports imply that Swiss-Russian trade in 2022 is at a level similar to the previous years.

Stefan Legge

20 Dec 2022