Latest data released by the Swiss Federal Statistical Office - 20 March 2018

  • Prior CHF 1.32 bn; revised to CHF 2.08 bn
  • Imports m/m -9.5% vs +3.8% prior
  • Exports m/m +2.3% vs -5.1% prior
  • Swiss watch exports y/y +12.9% vs +12.6% prior

Higher exports on the month combined with declined imports, resulting in a larger surplus. Not a data point that's all too important though.