SME Export Outlook Q1 2017: The top export markets for 2017

China and the USA look set to be the fastest-growing export markets for Swiss exporters in 2017. This expectation was expressed by the Swiss SMEs questioned in the latest export sentiment survey conducted by Switzerland Global Enterprise (S-GE). Export sentiment among Swiss SMEs at the start of the first quarter of 2017 has climbed to its highest level in two years. Meanwhile, Credit Suisse’s ranking of the ten most promising export markets for 2017 places all of them in the Far East, with two exceptions: Norway and Poland. The current foreign demand situation looks the best it has in five years, according to the Credit Suisse Export Barometer.

Credit Suisse Senior Economist Lukas Gehrig says: “We expect worldwide demand for Swiss goods to pick up significantly in the first half of 2017 on the back of a broad-based manufacturing upturn in the USA and the Eurozone. However, the profit-margin situation for export-oriented SMEs will probably only improve imperceptibly at best because Credit Suisse projects that the Swiss franc is likely to depreciate only slightly against the euro and the US dollar.”
 
Alberto Silini, the head of consultancy at Switzerland Global Enterprise (S-GE), notes: “More and more Swiss exporting SMEs are regaining competitiveness two years after the scrapping of the EUR/CHF exchange-rate floor. Now is the time for SMEs to future-proof their export strategies. By additionally turning their sights toward fast-growing markets outside the Eurozone, they can boost their sales revenue and forearm themselves against currency fluctuations and other risks. It therefore is wise for exporters to strengthen their activities in the USA and China, for instance. But there are also exporting opportunities in countries less in the public eye, such as in Indonesia or Poland for example, as the Credit Suisse ranking reveals.”
 
Video statements on the current state of export sentiment by Credit Suisse Economic Research economist Lukas Gehrig and Alberto Silini, the head of consultancy at Switzerland Global Enter-prise, can be viewed at www.youtube.com.
 

 
Further information on the SME export outlook for the forth quarter of 2016 can be found in the brochure.
 
The SME Export Outlook for the first quarter of 2017 will be published on April 13, 2017. 

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Credit Suisse Senior Economist Lukas Gehrig says: “We expect worldwide demand for Swiss goods to pick up significantly in the first half of 2017 on the back of a broad-based manufacturing upturn in the USA and the Eurozone. However, the profit-margin situation for export-oriented SMEs will probably only improve imperceptibly at best because Credit Suisse projects that the Swiss franc is likely to depreciate only slightly against the euro and the US dollar.”
 
Alberto Silini, the head of consultancy at Switzerland Global Enterprise (S-GE), notes: “More and more Swiss exporting SMEs are regaining competitiveness two years after the scrapping of the EUR/CHF exchange-rate floor. Now is the time for SMEs to future-proof their export strategies. By additionally turning their sights toward fast-growing markets outside the Eurozone, they can boost their sales revenue and forearm themselves against currency fluctuations and other risks. It therefore is wise for exporters to strengthen their activities in the USA and China, for instance. But there are also exporting opportunities in countries less in the public eye, such as in Indonesia or Poland for example, as the Credit Suisse ranking reveals.”
 
Video statements on the current state of export sentiment by Credit Suisse Economic Research economist Lukas Gehrig and Alberto Silini, the head of consultancy at Switzerland Global Enter-prise, can be viewed at www.youtube.com.
 

 
Further information on the SME export outlook for the forth quarter of 2016 can be found in the brochure.
 
The SME Export Outlook for the first quarter of 2017 will be published on April 13, 2017. 

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