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.

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Switzerland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-11-17 07:00 AM Oct CHF3B CHF2.9B CHF2.9B
2022-12-20 07:00 AM Nov CHF0.5B CHF2.9B CHF3.2B
2023-01-24 07:00 AM Dec CHF0.5B CHF1.6B


Related Last Previous Unit Reference
Balance of Trade 494.00 2902.00 CHF Million Nov 2022
Imports 20422.00 20133.00 CHF million Nov 2022
Exports 20916.00 23036.00 CHF million Nov 2022
Terms of Trade 106.47 109.57 points Nov 2022

Switzerland Balance of Trade
In 2019, the Swiss trade surplus widened 19 percent from the previous year to CHF 37 billion, as both imports and exports reached new records despite global trade tensions, Brexit uncertainty and Hong Kong protests. The biggest trade surpluses were recorded with the US, India, the UK, China, Hong Kong, Japan and Singapore; and the largest deficits were recorded with the UAE, Germany, Ireland, Italy and Thailand.
Actual Previous Highest Lowest Dates Unit Frequency
494.00 2902.00 5406.62 -1452.84 1950 - 2022 CHF Million Monthly
SA

News Stream
Swiss Trade Surplus Smallest in Near 5 Years
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%).
2022-12-20
Swiss Trade Surplus Largest in 6 Months
The trade surplus in Switzerland increased to CHF 3 billion in October of 2022, the largest trade surplus since April, from an upwardly revised CHF 2.9 billion in September. Exports declined 1.1% from a month earlier to CHF 22.9 billion, notably for vehicles (-25.7%), watches (-4.3%), machinery & electronics (-2.8%) and metals (-2.7%). Sales grew mainly to Canada (41.7%), the US (7.3%), Italy (26.5%) and Singapore (13.3%). In contrast, sales fell to Austria (-46.2%), Spain (-23.2%), Slovenia (-9.7%), Japan (-8.9%) and China (-8.5%). Meanwhile, imports shrank 1.4% to CHF 20 billion, namely chemicals and pharmaceuticals (-8.8%). Imports were up from Belgium (22.8%), Japan (31.1%) and China (5.5%), while dropped from Slovenia (-26.5%), Spain (-16%) and Singapore (-27.9%).
2022-11-17
Swiss Trade Surplus Largest in 5 Months
The trade surplus in Switzerland increased to CHF 2.8 billion in September of 2022 from a marginally revised CHF 2.3 in August. It was the largest trade surplus since April, as exports rose more than imports. Exports increased 4.1% from a month earlier to CHF 22.8 billion, underpinned by sales of chemicals and pharmaceuticals; machinery and electronics; watches, and precision instruments. Sales grew mainly to France (4.3%), Spain (107.0%), Japan (2.9%), and the US (5.4%). By contrast, sales dropped to China (-2.6%), Singapore (-10.5%), Germany (-14.7%), and Italy (-3.4%). Meanwhile, imports climbed 2.2% to CHF 19.9 billion, namely chemicals and pharmaceuticals; machines and electronics; energy products; textiles, clothing and shoes. Imports were up from Italy (4.6%), Slovenia (44.1%), the UK (7.4%), China (4.8%), while declined from Japan (-13.1%), the US (-4.2%). In the third quarter, the trade surplus widened to CHF 8 billion from CHF 7.6 billion in the second quarter.
2022-10-20