The trade surplus in Switzerland slumped to CHF 0.5 billion in November of 2022, the smallest trade surplus since January 2018, from a downwardly revised CHF 2.9 billion in October, amid high inflation and monetary tightening by major economies, as well as the impact of ongoing COVID-19 restrictions in China. Exports plunged 9.2% mom to a 10-month low of CHF 20.9 billion, notably for chemicals and pharmaceuticals (-19.0%), precision instruments (-0.2%), and jewelry (-6.9%). Sales shrank mainly to Italy (-15.9%), Slovenia (-1.5%), China (-4.3%), and the US (-38.7%). Conversely, sales grew to Germany (6.5%), France (1.6%), the UK (3.2%), and Japan (0.5%). Meanwhile, imports grew 1.4% to a six-month high of CHF 20.4 billion, mainly chemicals and pharmaceuticals (6.1), energy (7.1%), textiles, clothing and footwear (1.3%). Imports rose from Italy (2.0%),France (4.8%), Slovenia (1.0%), the US (5.1%), and the UK (10.0%), while fell from China (-15.1%), Japan (-27.1%), and Germany (-0.8%). source: Federal Customs Administration
Balance of Trade in Switzerland averaged 232.22 CHF Million from 1950 until 2022, reaching an all time high of 5406.62 CHF Million in February of 2022 and a record low of -1452.84 CHF Million in January of 1990. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Balance of Trade in Switzerland is expected to be 2900.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.