India, June 19 -- Switzerland's foreign trade surplus decreased notably in May from a month earlier as exports plunged amid an increase in imports, data from the Federal Customs Administration showed on Thursday.
The trade surplus dropped to CHF 1.98 billion in May from CHF 5.43 billion in April.
In real terms, exports fell sharply by 10.2 percent over the month, faster than the 3.7 percent decline in April. Meanwhile, imports rebounded 0.5 percent after a 10.4 percent slump in the prior month.
Exports of chemical and pharmaceutical products alone tumbled by 18.7 percent, and those of clocks declined by 20.3 percent.
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In nominal terms, both exports tumb...