Liechtensteins external trade increased in the second quarter of this year compared to the same period of 2015. Imports grew more strongly than exports, while the balance of trade remained positive.
Liechtenstein exported goods worth CHF 856 million in the second quarter of the year. This equates to an increase of 6.1 per cent over the previous year, according to a statement from the Office of Statistics. Meanwhile, the Federal Customs Administration recorded a 14.3 per cent rise in imports, bringing the total value to CHF 529 million. The external trade balance remains positive, with a value of CHF 327 million.
A total of 61.6 per cent of the goods exports went to European countries, including those in the European Economic Area (EEA) an increase of 2 per cent over the same quarter last year. The volume in the reporting period amounted to an additional value of some CHF 527 million, or an increase of 9.5 per cent compared to the second quarter of 2015.
There was a small drop in the proportion of exports to Asia, America and Australia, while those to Africa grew by 0.1 per cent. Liechtensteins exports to Asia and Africa grew in volume. Exports to the USA fell in terms of goods by a marginal value of CHF 5.4 million.
The proportion of imports from Europe fell from 81.4 per cent to 78.1 per cent, and those from the USA from 4.2 per cent to 2.8 per cent. Meanwhile, Asias ratio grew from 12.6 per cent to 18.5 per cent.