During the first three months of the year, the international political situation has steadily been getting more critical. Yet, in spite.of this state of affairs, Swiss trade has fairly successfully held its grounds.
The decline in Imports has been comparatively slight, amounting to 398,4 million Swiss francs in comparison to 399,9 million Swiss francs during the same period of 1938.
As regards Exports, they have risen from 306,3 million francs to 329,9 million francs, showing an increase of 23,6 million francs. Thanks to this, the deficit of the commercial balance has been reduced; from 93,6 million Swiss francs for the first quarter of 1938 to 68,5 million francs.in 1989.
Text read from the printed page and cleaned; old type leaves the occasional error.