05 February 2013 15:01 [Source: ICIS news]
LONDON (ICIS)--Switzerland’s exports of chemicals and pharmaceuticals rose by 5.8% to Swiss francs (Swfr) 79bn ($87bn) in 2012, an industry association said on Tuesday.
With 81%, pharmaceuticals made up the bulk of exports.
The year-on-year increase in exports was mainly due to higher demand in North America and Asia, while exports to Europe fell slightly, Zurich-based scienceindustries said.
Exports to EU countries were down 0.4% year on year, and overall exports to Europe were down 0.3%.
However, with a share of 53.0% - down from 56.3% in 2011- the EU remained the most important export market for Switzerland’s chemicals and pharmaceuticals exports.
Chemicals and pharmaceuticals rank as Switzerland’s largest export industry with a share of 39.8% of the country’s total exports last year.
($1 = Swfr0.91)
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