The trade surplus in Switzerland narrowed to CHF 2.2 billion in April 2023 from CHF 3.1 billion in the previous month. It was the smallest trade surplus since last November, as exports fell more than imports. Exports shrank 6.8% mom to a five-month low of CHF 21.1 billion, notably for watches (-2.2%), machinery and electronics (-1.2%), precision instruments (-1.3%), chemicals & pharmaceuticals (-10.9%), and metals (-1.2%). Among countries, shipments fell to Germany (-5.9%), Slovenia (-18.1%), the UK (-2.9%), the US (-9.2%), and China (-4.5%), while increasing to Japan (9.4%), Italy (1.6%), and France (7.4%). Imports dropped 3.6% to a 12-month low of CHF 18.9 billion, particularly textiles (-2.7%), machinery and electronics (-3.7%), and chemicals & pharmaceuticals (-5.6%). As for the trading partners, purchases declined from Germany (-0.4%), Italy (-3.4%), the UK (-3.3%), and the US (-20.8%). They grew from China (2.5%) and France (3.2%). source: Federal Customs Administration
Balance of Trade in Switzerland averaged 246.63 CHF Million from 1950 until 2023, reaching an all time high of 5480.02 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 June of 2023.
Balance of Trade in Switzerland is expected to be 3350.00 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 2860.00 CHF Million in 2024 and 2000.00 CHF Million in 2025, according to our econometric models.