In the first three months of 2018, Liechtenstein also imported goods amounting to almost 500 million francs, which equates to a rise of 6.7 per cent over the same period last year. Accordingly, the trade balance surplus closed with an export surplus of 448 million francs. In the first quarter of 2017, the trade surplus was just under 381 million francs.
Around 61 per cent of the exports were concentrated in Europe, although deliveries to Germany witnessed a decline from a 23.1 per cent share in the first quarter of 2017 to 22 per cent in the reporting quarter. Nevertheless, Germany remains Liechtenstein’s most important trade partner, accounting for goods worth 208,177 million francs. The greatest increase in exports was posted for Italy, with totals of 67,386 million francs or 138.3 per cent.
A total of 78.8 per cent or 393,692 million francs’ worth of imports to Liechtenstein were delivered from Europe, accounting for a rise of 5.5 per cent. Germany shipped 38.1 per cent of these imports, or a total of 190,216 million francs, making it Liechtenstein’s key trade partner in this area too. It is followed by Austria, which delivered goods totaling 111,190 million francs to Liechtenstein in the first quarter of 2018.
The foreign trade balance does not include trade with Switzerland, which is instead recorded at the Swiss border.