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Articles

Liechtenstein's Exports Rose by 4% in 2016

Written by: Bridgewest

In 2016, Liechtenstein had one of the best periods of time in the last few years when it comes to the performance of the trading industry. While it was expected for imports to grow, last year most Liechtenstein companies reported an increase in their export numbers with European countries remaining the largest trading partners. Our company registration consultants in Liechtenstein can assist foreign investors who want to open trading companies in the Principality.

Liechtenstein exported goods worth 3.3 billion CHF last year

According to the National Office of Statistics, Liechtenstein companies reported a 4% increase in terms of exports in 2016 compared to 2015. The 4% are the equivalent of a 3.3 billion CFH increase on a year-to-year basis. Of the whole amount, 2.2 billion CHF came from European countries. Switzerland was not included in these countries, as the data was collected by the Federal Customs Administration which also oversees Liechtenstein’s imports and exports. Trading relations between Liechtenstein and Europe rose by 4,3% last year. Not only exports to Europe rose, but also to the United States rose by 1,6% reaching nearly 664 million CHF. Slight export increases were also registered between Liechtenstein and Africa and Oceania. The countries importing most from Liechtenstein last year were from Asia, the report indicating a 7,2% increase, reaching close to 592 million CHF compared to the previous year.

What were the most exported products by Liechtenstein companies?

The best results in terms of exports were reported by Liechtenstein companies producing machines and equipment, medical devices and metal products. For the first time in many years the luxury segment of the export sector registered a substantial growth with a high demand for watches. The export of machines, medical products and watches rose together by 1.3 billion CHF. An increased demand of chemical products was also registered.

In terms of imports, the Statistics Office announced an increase of 3,4%, amounting up to 1.9 billion CHF.

Foreign enterprisers interested in setting up companies in any of the industries above or other related sectors can rely on the company formation services provided by our agents in Liechtenstein, so do not hesitate to contact us.

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