Switzerland's trade surplus widened to a fresh record high of CHF 4.5 billion in August 2021 from an upwardly revised CHF 4.2 billion in the previous month, as exports rose more than imports, amid improving global demand. Exports grew 2.1 percent month-on-month to an all-time high of CHF 20.9 billion, boosted by sales of pharmaceutical products (7.7 percent) and machines and electronics (1.8 percent). Among major trade partners, exports were up to the UK (1.3 percent); the US (51.2 percent); Japan (37.2 percent), but declined to the EU (-1.3 percent), China (-7.8 percent). Meanwhile, imports were up 1.2 percent from a month earlier to CHF 16.4 billion on higher purchases of vehicles (0.3 percent); metals (0.2 percent), and textile (3.1 percent). Imports advanced from the UK (2.5 percent) and China (3.0 percent), but decreased from Japan (-1.7 percent), the US (-6.0 percent) and the EU (-3.1 percent). source: Federal Customs Administration
Balance of Trade in Switzerland averaged 183.38 CHF Million from 1950 until 2021, reaching an all time high of 4500 CHF Million in August of 2021 and a record low of -1478.68 CHF Million in August of 1989. 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 September of 2021.
Balance of Trade in Switzerland is expected to be 4100.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Balance of Trade is projected to trend around 3880.00 CHF Million in 2022 and 2460.00 CHF Million in 2023, according to our econometric models.