In 2011, exports from Switzerland rose by 2.1 per cent to SFr197.6 billion ($205.4 billion).
Analysts say the negative impact of the strong franc was not as damaging as it could have been thanks to exchange rate insurance that many Swiss firms bought. However, these policies have now expired.
Swiss exports have dipped significantly this year, down 5.5 per cent in the first five months of 2012. The export sector expects the downward spiral for goods headed to European trading partners to continue, or at best sales to stagnate. It forecasts continued growth in other markets.