The Swiss trade surplus widened to CHF 2.5 billion in March 2019 from CHF 2.0 billion in the previous month. It was the largest trade surplus since November last year, exports fell 0.3 percent to CHF 19.4 billion while imports dropped at a faster 3.1 percent to CHF 16.9 billion. Considering the first three months of the year, the trade surplus increased to CHF 6.2 billion from CHF 4.0 billion in the same period of 2018. Balance of Trade in Switzerland averaged 85.96 CHF million from 1950 until 2019, reaching an all time high of 3268.12 CHF million in September of 2016 and a record low of -1478.68 CHF million in August of 1989.

Balance of Trade in Switzerland is expected to be 3000.00 CHF million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Switzerland to stand at 1770.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 80.00 CHF million in 2020, according to our econometric models.

Switzerland Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-29 07:00 AM Balance of Trade CHF1.79B CHF3.00B CHF 3.2B
2019-02-19 07:00 AM Balance of Trade CHF1.39B CHF1.76B CHF 1.1B
2019-03-19 07:00 AM Balance of Trade CHF2.04B CHF1.39B CHF 1.0B
2019-04-18 06:00 AM Balance of Trade CHF2.5B CHF1.99B CHF 2.1B
2019-05-28 06:00 AM Balance of Trade CHF2.5B
2019-06-20 06:00 AM Balance of Trade
2019-07-18 06:00 AM Balance of Trade CHF 3.0B



Switzerland Posts Largest Trade Surplus in 4 Months

The Swiss trade surplus widened to CHF 2.5 billion in March 2019 from CHF 2.0 billion in the previous month.

Exports fell 0.3 percent from a month earlier to CHF 19.4 billion in March, dragged down by sales of chemical and pharmaceutical products (-0.4 percent); machinery and electronics (-1.7 percent) and metals (-3.4 percent). By contrast, shipments went up for watchmaking (1.0 percent); precision instruments (1.1 percent); jewellery (5.2 percent) and food, beverages and tobacco (1.9 percent). 

Among major trade partners, exports declined to the US (-9.2 percent), Spain (-13.0 percent), the Netherlands (-7.0 percent), Singapore (-7.4 percent), South Korea (-4.2 percent), and the UAE (-3.6 percent). Meanwhile, there were increases in exports to Germany (1.4 percent), France (10.5 percent), Italy (10.3 percent), China (2.4 percent), Japan (15.5 percent) and Austria (21.5 percent).

Imports dropped at a faster 3.1 percent to CHF 16.9 billion, mainly due to lower purchases of chemical and pharmaceutical products (-6.5 percent); vehicles (-1.2 percent); metals (-2.1 percent); jewellery (-17.7 percent) and food, beverages and tobacco (-1.1 percent). On the other hand, imports rose for both machinery and electronics (1.0 percent) and textiles, clothing, footwear (0.9 percent). 

Among major trade partners, imports decreased from the Germany (-9.5 percent), France (-2.7 percent), Italy (-5.5 percent), the US (-1.8 percent), Spain (-3.6 percent), the Netherlands (-2.3 percent), Ireland (-19.1 percent) and UAE (-41.5 percent). Meanwhile, imports increased from China (3.6 percent), Japan (4.5 percent) and Austria (13.1 percent). 

Considering the first three months of the year, the trade surplus increased to CHF 6.2 billion from CHF 4.0 billion in the same period of 2018.


Swiss Customs Administration l Chusnul Ch Manan | chusnul@tradingeconomics.com
4/18/2019 10:10:46 AM



Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 2494.00 1994.00 3268.12 -1478.68 CHF million [+]
Current Account 15181.70 16512.68 25032.31 -2851.91 CHF Million [+]
Current Account to GDP 10.20 6.70 14.80 -0.60 percent [+]
Imports 16911.00 17461.00 17759.64 273.20 CHF million [+]
Exports 19405.00 19455.00 19455.00 245.90 CHF million [+]
External Debt 1827385.90 1841937.30 1841937.30 13293.30 CHF Million [+]
Terms of Trade 116.45 118.13 121.41 74.27 Index Points [+]
Capital Flows 20968.67 41729.10 45027.22 -54755.04 CHF Million [+]
Foreign Direct Investment 1088433.00 1061331.00 1088433.00 20958.90 CHF Million [+]
Tourist Arrivals 1222.00 1315.00 2255.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.13 0.27 2.03 0.13 [+]
Tourism Revenues 3610.62 5003.60 5003.60 999.10 CHF Million [+]
Weapons Sales 186.00 186.00 589.00 18.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Switzerland Balance of Trade

In 2018, the Swiss trade surplus narrowed 10 percent from the previous year to CHF 31.3 billion, as both imports and exports rose the most since 2010 and reached new records despite the global economic uncertainties. The biggest trade surpluses were recorded with the US, Hong Kong, Japan, South Korea, the Netherlands, Australia, Russia, Canada and Brazil; and the largest deficits were recorded with Germany, Ireland, Italy, the UAE, Austria, China and France. This page provides the latest reported value for - Switzerland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Switzerland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2494.00 1994.00 3268.12 -1478.68 1950 - 2019 CHF million Monthly
SA




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 528.50 Mar/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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