Market Intelligence

Switzerland is the only European country with free-trade agreements covering all five Asian G20 economies: China, India, Indonesia, Japan and South Korea. Yet Swiss technology-industry exports to Asia fell 4.5% year on year in the first quarter of 2026. At first glance, those two facts seem to sit awkwardly together. Switzerland has spent years improving access to some of Asia’s largest economies, but its industrial exporters are still finding growth difficult. The weakness w