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Articles

Liechtenstein's Foreign Trade Balance Rose by 6.4% at the End of 2017

Written by: Bridgewest

Even if trading is not the most important industry in Liechtenstein, it generates a significant amount of the country’s Gross Domestic Product (GDP), as in the last two years the foreign trade balance has increased. 2017 was one of the best years of the trading sector in Liechtenstein, as exports have grown moderately. Foreign investors who want to open companies in the Principality can get assistance from our Liechtenstein company formation agents.

The 4th quarter of 2017 was the best for Liechtenstein’s trading sector

According to the Office of Statistics, the best results of local trading companies were registered in the 4th quarter of last year. Both imports and exports increased during that period, however the exports balance was higher than the imports.

The total value of exports rose to 900 million Swiss francs in the last months of 2017, indicating a 6.4% growth compared to the same period of 2016. Also, close to 61% of these goods went to European countries, with Germany the most important trading partner for Liechtenstein. German companies imported goods worth more than 200 million Swiss francs.

With respect to imports, Liechtenstein imported products worth 523 million Swiss francs in the 4th quarter, 4.5% more than during the same period of 2016. Once again most of the goods came from Germany and they had a value of 195 million francs.

Our company registration advisors in Liechtenstein can explain the requirements for setting up a trading business.

The most exported products by Liechtenstein companies last year

The total value of exports of 2017 was 3,372 billion Swiss francs in 2017 with metals and machinery accounting for most of these exports, while in terms of imports, investment goods were occupied the first position. Their total value was 2,001 billion Swiss francs, 1% higher than in the previous year.

Back to exports, machines, electronics and appliances registered a 5.9% increase, while metal exports rose by 5,6%.

Europe remained the most important trading partner, as mentioned above, with a total proportion of 60.9% in terms of exports and 79.7% in terms of imports.

If you are interested in setting up a business in Liechtenstein and need assistance, please contact us.

 

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