Tajikistan-Switzerland Trade Dynamics Drastically Shift In 1H2023
Date
8/16/2023 7:36:51 PM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 17. There has been a
significant shift in Tajikistan's trade with Switzerland from
January through June 2023, compared to the previous year, according
to the information provided to trend by federal Office for customs and Border
Security of Switzerland.
The export figures from Tajikistan to Switzerland saw huge drop:
the figure reached only 205,562 CFH ($234,427), while in 1H2022 it
stood at 265.888 million CFH ($303.2 million).
The majority of Tajik exports to Switzerland were dominated by
precious metals and gemstones, accounting for 265.672 million CFH
($302.9 million).
While the statistics for 1H2023 listed as being provisional, the
drop in precious metals and gemstones export from Tajikistan to
Switzerland decreased 1292-fold, thus affecting the entire trade
balance.
On the import side, Tajikistan's imports from Switzerland surged
to 32.461 million CFH ($37 million) in the first half of 2023,
marking a notable increase from 525,136 CFH ($598,875) during the
same period in 2022. The major share of the Tajikistan's imports
from Switzerland fell on precious metals and gemstones, amounting
to 27.279 million CFH ($31.1 million).
This led to Switzerland's trade balance with Tajikistan
amounting to 32.255 million CFH ($36.7 million) in the first half
of 2023.
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