Liechtenstein exported commodities worth CHF 3.35 billion in 2016, equating to an increase of 4.3 per cent over the previous year. Despite this rise, exports remained below their highest level in 2008, when they reached CHF 4.24 billion. These are the latest figures from the Office for Statistics.
Exports were up across almost all commodities. The most significant increases were recorded for precision tools, watches and jewellery, and chemical and pharmaceutical products, while exports of stone and earth declined sharply. Metals made up the largest proportion of exports (24 per cent).
The increase can largely be attributed to higher sales in Europe, where exports were up by five per cent. More goods were primarily delivered to Austria, while Liechtenstein’s overall goods exports went to Europe. Exports to Asia also grew in 2016, by seven per cent, but those to the USA fell compared to the previous year.
Direct imports totalled around CHF 1.98 billion in 2016, equating to a rise of 3.4 per cent over 2015. The largest proportion of imports came from Europe, but the strongest growth was marked among imports from China.
Meanwhile, Liechtenstein’s external trade balance recorded a surplus of CHF 1.37 billion in 2016 – an increase of six per cent compared to the previous year. The surplus can primarily be attributed to trade relations with the USA, while the largest deficits were noted in the external trade balances with Austria and China.
Commodities traded with and via Switzerland were not included in the figures due to the joint tariff union.