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.

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Switzerland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4465.00 4242.00 4465.00 -1478.68 1950 - 2021 CHF Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-17 06:00 AM May CHF4.3B CHF3.3B CHF2.9B
2021-07-20 06:00 AM Jun CHF4.3B CHF4.2B CHF 4.1B
2021-08-19 06:00 AM Jul CHF4.1B CHF4.4B CHF4.0B
2021-09-21 06:00 AM Aug CHF4.5B CHF4.2B CHF3.6B
2021-10-19 06:00 AM Sep CHF4.5B CHF 4.1B
2021-11-18 07:00 AM Oct
2021-12-21 07:00 AM Nov


News Stream
Switzerland Trade Surplus Hits New High
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).
2021-09-21
Swiss Trade Surplus Smallest in 3 Months
Switzerland's trade surplus narrowed to CHF 4.1 billion in July 2021 from an upwardly revised record of CHF 4.4 billion in the previous month. It was the smallest trade surplus since April, as exports rose less than imports. Exports edged up 0.1 percent month-on-month to CHF 20.3 billion, boosted by sales of precision instruments (4.2 percent), machines and electronics (0.4 percent) and watches (4.2 percent). Among major trade partners, exports were up to the EU (2.5 percent), in particular France (7.4 percent) and Spain 915.1 percent); the UK (6.7 percent); but declined to the US (-5.5 percent), China (-0.5 percent). Meanwhile, imports grew 1.7 percent from a month earlier to CHF 16.2 billion on higher purchases of pharmaceutical products (10.5 percent), machines and electronics (0.9 percent). Imports advanced from the EU (3.1 percent), mainly from Italy (7 percent) and Spain (0.4 percent); the UK (8.1 percent) and the US (4.7 percent).
2021-08-19
Swiss Trade Surplus Largest on Record
Switzerland posted a record trade surplus of CHF 4.3 billion in June 2021, as exports fell less than imports. Exports dropped 2.7 percent month-on-month to CHF 20.2 billion, dragged down by sales of pharmaceutical products (-4.3 percent), precision instruments (-2.4 percent) and machines and electronics (-2.4 percent). Among major trade partners, exports were down to the EU (-3.3 percent), in particular Germany (-4.3 percent) and France (-4.4 percent); the UK (-22.8 percent); the US (-8.7 percent). Meanwhile, imports declined 3.8 percent from a month earlier to CHF 15.9 billion on lower purchases of pharmaceutical products (-10.7 percent), machines and electronics (-2.5 percent), food and beverages (-2.7 percent) and textiles, clothing, shoes (-1.8 percent). Imports decreased from the EU (-1.3 percent), the UK (-16.7 percent), China (-0.6 percent) and the US (-1.1 percent).
2021-07-20
Swiss Trade Surplus Largest on Record
Switzerland posted a record trade surplus of CHF 4.3 billion in May 2021, as exports jumped 3.5 percent to an all-time high of CHF 20.8 billion, boosted by sales of pharmaceutical products (7.4 percent), precision instruments (1.2 percent), and food and beverages (1.6 percent). Among major trade partners, exports were up to the EU (2.2 percent), in particular Germany and France, the UK (10 percent), the US (9.5 percent), and China (2.4 percent).. Meanwhile, imports declined 1.6 percent from the previous month's 16-month high to CHF 16.5 billion on lower purchases of machines and electronics (-0.7 percent), vehicles (-2.6 percent), and textiles, clothing, shoes (-2.6 percent). Imports were down from the EU (-0.9 percent), the UK (-2.3 percent), and China (-3.2 percent). Imports from the US rose 2.2 percent.
2021-06-17

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.