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.

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Switzerland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-25 06:00 AM Mar CHF3.1B CHF2.4B CHF 2.9B
2023-06-01 06:00 AM Apr CHF2.2B CHF3.1B CHF3.4B
2023-06-20 06:00 AM May


Related Last Previous Unit Reference
Balance of Trade 2219.00 3060.00 CHF Million Apr 2023
Imports 18877.00 19579.00 CHF million Apr 2023
Exports 21096.00 22640.00 CHF million Apr 2023
Terms of Trade 108.17 108.09 points Mar 2023

Switzerland Balance of Trade
Switzerland has been running consistent trade surpluses. The biggest trade surpluses are 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
2219.00 3060.00 5480.02 -1452.84 1950 - 2023 CHF Million Monthly
SA

News Stream
Swiss Posts Smallest Trade Surplus in 5 Months
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%).
2023-06-01
Switzerland Trade Surplus Widens in March
The trade surplus in Switzerland increased to CHF 3.1 billion in March 2023 from a downwardly revised CHF 2.4 billion in the previous month. Exports grew 1.8% mom to CHF 22.8 billion, notably for watches (2.2%), precision instruments (0.7%), chemicals & pharmaceuticals (1.4%), and metals (0.4%). Among countries, sales advanced the most to Germany (0.5%), Italy (3.5%), Slovenia (41.1%), and the US (8.5%), while declining to China (-7.6%) and Japan (-5.4%). Imports fell 1.4% to CHF 19.7 billion, particularly textiles (-0.3%), energy (-2.5%), and chemicals & pharmaceuticals (-6.1%). As for the trading partners, purchases dropped from Germany (-2.4%), Italy (-2.6%), the UK (-1.0%), China (-3.7%), and Japan (-38%). They rose from the US (2.3%) and France (1.3%). For the first quarter of 2023, the country's trade balance posted a surplus of CHF 8.28 billion, little changed from CHF 8.32 billion in the same period in 2022.
2023-04-25
Swiss Trade Surplus Narrows in February
The trade surplus in Switzerland declined to CHF 2.5 billion in February 2023, from a downwardly revised CHF 2.9 billion in January. Exports fell 1.1% mom to CHF 22.3 billion, notably for vehicles (-11.8%), precision instruments (-4.3%) and chemicals & pharmaceuticals (-3.3%). Sales rose mainly to Hong Kong (40.9%), China (39%), Austria (27.5%), while fell to Russia (-40%) and Slovenia (-32%). Imports rose 1.3% to CHF 19.8 billion, particularly for bijouterie & jewellery (7.9%) and chemicals & pharmaceuticals (7.3%). Purchases increased from Arab Emirates (42%) and Singapore (41%), while declined from Saudi Arabia (-43%) and UK (-12%).
2023-03-21