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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).
Published on 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.
Published on 2021-06-17

Swiss Posts Smallest Trade Surplus in 4 Months
Switzerland's trade surplus narrowed to CHF 3.29 billion in April of 2021 from CHF 3.88 billion in the previous month. It was the smallest trade surplus since last December, amid the pandemic crisis. Exports showed no growth at CHF 20 billion. Exports rose for machines and electronics, watches, precision instruments, and metals, while fell for chemical & pharmaceutical products. Among key trade partners, exports increased to Japan, Hong Kong, Singapore, the UK and the EU, while decreased to the US and China. Meanwhile, imports advanced 3.5 percent to CHF 16.75 billion led by chemical & pharmaceutical products, machines and electronics, metals, and energy. Imports were up from the US, Hong Kong, the UK, and the EU, while declined from China and Japan. Considering the first four months of the year, the trade surplus widened to CHF 14.10 billion from CHF 11.91 billion in the same period of 2020.
Published on 2021-05-27

Switzerland Trade Surplus Largest in 11 Months
Switzerland's trade surplus widened to CHF 3.88 billion in March of 2021 from a marginally revised CHF 3.36 billion in the previous month. It was the largest trade surplus since last April, amid an improving global demand. Exports increased by 5.4 percent from a month earlier to CHF 19.89 billion, boosted by higher sales of chemical & pharmaceutical products; machines and electronics; precision instruments, and metals. Among key trade partners, exports increased to China, Singapore, the US, the UK and the EU. Meanwhile, imports rose at a softer 3.2 percent to CHF 16.01 billion led by machines and electronics; metals; textiles, clothing, shoes; food and beverages, and precision instruments. Imports were up from China, the US, Hong Kong, and the EU. Considering the first three months of the year, the trade surplus widened to CHF 11.28 billion from CHF 8.42 billion in the same period of 2020.
Published on 2021-04-22

Switzerland Trade Surplus Narrows in February
Switzerland's trade surplus narrowed to CHF 3.34 billion in February of 2021 from a marginally revised CHF 3.51 billion in the previous month. Exports fell by 1.0 percent from a month earlier to CHF 18.70 billion, boosted by lower sales of chemical & pharmaceutical products, watches, precision instruments, and jewelry. Among key trade partners, exports declined to China, Hong Kong, and the US. Meanwhile, imports dropped at a softer 0.2 percent to CHF 15.36 billion led by chemical & pharmaceutical products, vehicles, and energy products. Imports were down from the US, Singapore, Hong Kong, and South Korea. Considering the first two months of the year, the trade surplus widened to CHF 6.85 billion from CHF 4.98 billion in the same period of 2020.
Published on 2021-03-18

Switzerland Trade Surplus Largest in 9 Months
Switzerland's trade surplus widened to CHF 3.58 billion in January of 2021 from a marginally revised CHF 3.10 billion in December 2020. This was the largest trade surplus since last April, due to a gradually improved in global demand. Exports increased by 5.4 percent from a month earlier to CHF 18.86 billion, boosted by higher sales of chemical & pharmaceutical products, machines and electronics, metals, and precision instruments. Among key trade partners, exports increased to China, Singapore, the US, and the EU. Meanwhile, imports rose at a softer 3.3 percent to CHF 15.28 billion led by chemical & pharmaceutical products, machines and electronics, and metals. Imports were up from the EU, the UK, China, and Singapore.
Published on 2021-02-18

Swiss Trade Surplus Narrows Slightly in December
Switzerland's trade surplus edged down to CHF 3.05 billion in December 2020 from a marginally revised CHF 3.07 billion in the previous month, amid the coronavirus pandemic. Exports fell 6.1 percent from a month earlier to CHF 17.63 billion, dragged by lower sales of chemical & pharmaceutical products, machines and electronics, precision instruments, and metals. Among key trade partners, exports decreased to China, Singapore the US, the EU and the UK. Meanwhile, imports dropped 7.1 percent to CHF 14.59 billion led by chemical & pharmaceutical products, machines and electronics, vehicles, metals, vehicles, and precision instruments. Imports declined from the EU, the UK, China, Japan and the US. Considering 2020 full year, the trade surplus widened to CHF 43 billion from CHF 37.2 billion in 2019.
Published on 2021-01-28

Switzerland Trade Surplus Largest in 3 Months
Switzerland's trade surplus increased to CHF 3.1 billion in November 2020, the largest since August, from CHF 2.9 billion in the previous month, amid the coronavirus pandemic. Exports rose 4.8 percent from a month earlier to CHF 18.8 billion, driven by higher sales of chemical & pharmaceutical products, machines and electronics, watches, and metals. Among key trade partners, exports increased to China, Japan, the US, the EU and the UK. Meanwhile, imports increased at a softer 4.2 percent to CHF 15.7 billion led by chemical & pharmaceutical products, machines and electronics, metals, vehicles, and precision instruments. Imports were up from the EU, the UK, China, Japan and the US. Considering the first eleven months of the year, the trade surplus widened to CHF 31.7 billion from CHF 23.7 billion in the same period of 2019.
Published on 2020-12-17

Swiss Trade Surplus Widens in October
Switzerland's trade surplus increased to CHF 2.9 billion in October 2020 from a downwardly revised CHF 2.4 billion in the previous month, as the coronavirus pandemic continued to weigh on global demand. Exports declined 0.4 percent from a month earlier to CHF 17.8 billion, dragged down by sales of chemical & pharmaceutical products, precision instruments, and food and beverages. Among key trade partners, exports decreased to China and the US, but rose to the EU and the UK. Meanwhile, imports dropped 3.3 percent to CHF 14.9 billion led by chemical & pharmaceutical products, vehicles, food and beverages, and precision instruments. Imports were down from the EU, Japan and the US, but were up from China and the UK. Considering the first ten months of the year, the trade surplus widened to CHF 28.4 billion from CHF 21.2 billion in the same period of 2019.
Published on 2020-11-19

Switzerland Trade Surplus Narrows in September
Switzerland's trade surplus declined to CHF 2.7 billion in September 2020 from a downwardly revised CHF 3.3 billion in the previous month, as exports fell while imports rose, amid the coronavirus pandemic. Purchases increased 1.9 percent from a month earlier to CHF 15.2 billion led by chemical & pharmaceutical products, vehicles, metals, textiles and footwear, and precision instruments. Imports were up from the Euro Area, Japan, Singapore, but were down from China, the US, and the UK. Meanwhile, exports fell 1.9 percent from a month earlier to CHF 17.9 billion, dragged down by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. Among key trade partners, exports declined to the Euro Area, the US, Japan, Singapore, Hong Kong and the Middle East. Considering the third quarter as a whole, the trade surplus narrowed to CHF 8.2 billion from CHF 9.6 billion in the previous three-month period.
Published on 2020-10-20

Swiss Trade Surplus Widens as Exports Rise
Switzerland's trade surplus increased to CHF 3.4 billion in August 2020 from a revised CHF 2.5 billion in the previous month, as exports increased above CHF 18.0 billion for the first time since March, led by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. Among key trade partners, exports were up to the Euro Area, the US, China, Japan, Singapore, Hong Kong and the Middle East. Meanwhile, imports fell 1.8 percent to CHF 14.9 billion dragged by purchases of chemical & pharmaceutical products, machines & electronics, vehicles, textiles and footwear, and precision instruments. Imports were down from the Euro Area, China, Singapore, but were up from the UK, Japan and the US. Considering the first eight months of the year, the trade surplus widened to CHF 23.4 billion from CHF 15.9 billion in the same period of 2019.
Published on 2020-09-17

Switzerland Trade Surplus Narrows in July
Switzerland's trade surplus declined slightly to CHF 2.6 billion in July 2020 from a downwardly revised CHF 2.7 billion in the previous month amid the coronavirus pandemic. Exports increased 1.1 percent led by sales of machines & electronics, precision instruments, watches, metals, and food and beverages. Among key trade partners, exports were up to the UK, the US, Japan, Hong Kong and the Middle East. Meanwhile, imports rose at a faster 2.5 percent boosted by purchases of chemical & pharmaceutical products, vehicles, metals, and precision instruments. Imports were up from the Euro Area, the UK, Hong Kong and the US, but were down from China, Japan. Considering the first seven months of the year, the trade surplus widened to CHF 19.9 billion from CHF 14.6 billion in the same period of 2019.
Published on 2020-08-20

Swiss Trade Surplus Widens Amid Global Demand Recovery
Switzerland's trade surplus widened slightly to CHF 2.8 billion in June 2020 from a downwardly revised CHF 2.7 billion in the previous month as global demand continued to recover from the coronavirus pandemic. Exports increased 6.9 percent led by sales of chemical & pharmaceutical products, machines & electronics, precision instruments, watches and metals. Among key trade partners, exports were up to the Euro Area, the UK, the US, China, Singapore, Hong Kong and the Middle East. Meanwhile, imports rose at a faster 7.3 percent boosted by purchases of machines & electronics, vehicles, metals, food & beverages and precision instruments. Imports were up from the Euro Area, the UK, Japan, Singapore and the US, but were down from China. Considering the second quarter as a whole, the trade surplus widened to CHF 9.6 billion from CHF 8.4 billion in the previous three-month period.
Published on 2020-07-21

Switzerland Trade Surplus Smallest in 3 Months
Switzerland's trade surplus narrowed to CHF 2.8 billion in May 2020 from a downwardly revised CHF 4.2 billion in the previous month. It was the smallest trade surplus since February as exports fell while imports rose amid the coronavirus pandemic led by purchases of machines & electronics, metals, jewellery and vehicles. Among key trading partners, imports increased from the Euro Area, China, Japan, Hong Kong and the Middle East, but were down from the UK, the US. Exports dropped to the lowest level since November 2016 due to lower sales of chemical & pharmaceutical products, machines & electronics, and precision instruments. Exports were down to the UK, the US, China, Japan, Singapore, and the Middle East.
Published on 2020-06-18

Swiss Trade Surplus Largest on Record
Switzerland's trade surplus widened to CHF 4.3 billion in April 2020 from a downwardly revised CHF 3.1 billion in the previous month. It was the largest trade surplus on record as imports tumbled to a 15-year low amid the coronavirus crisis led by purchases of chemical & pharmaceutical products, machines & electronics, metals, food & beverage and vehicles. Among key trading partner, imports fell from the Euro Area, the UK, the US, Japan, Singapore, Hong Kong and the Middle East, but were up from China. Exports dropped at a softer pace to hit the lowest level since November 2016 due to lower sales of watches, chemical & pharmaceutical products, machines & electronics, precision instruments and metals. Exports were down to the Euro Area, the UK, the US, China, Japan, South Korea, Hong Kong and the Middle East.
Published on 2020-05-26

Swiss Trade Surplus Largest in 9 Months
Switzerland's trade surplus increased to CHF 3.2 billion in March 2020 from an upwardly revised CHF 2.1 billion in the previous month. It was the largest trade surplus since June last year, as exports rose 2.2 percent, led by sales of chemical & pharmaceutical products. Among key trade partners, exports were up to the Euro Area, in particular to Germany and Austria, the US, Japan, Singapore and Hong Kong. On the other hand, exports declined to the UK, China, South Korea and the Middle East. Imports dropped 3.9 percent, dragged by purchases of machines & electronics, vehicles, and metals. Imports were down from the Euro Area, specially from Germany, Italy and France. Purchases also fell from the UK, the US and the Middle East, while increases were seen from China, Japan, Singapore and Hong Kong.
Published on 2020-04-21

Swiss Trade Surplus Narrows in February
Switzerland's trade surplus decreased to CHF 2.0 billion in February 2020 from CHF 2.8 billion in the previous month. Exports fell 5.0 percent, led by chemical & pharmaceutical products, watches, precision instruments and metals. Among key trade partners, exports were down to the Euro Area, in particular to Germany, France, and Austria. Meanwhile, sales rose to the UK, China and South Korea, but fell sharply to the US. Imports dropped at a softer 1.4 percent, dragged by purchases of machines & electronics, vehicles, and metals. On the other hand, imports rose for chemical and pharmaceutical products, jewelry, and fuels. Imports were down from France, Italy, but were up from Germany and Austria. Also, imports rose from the UK, while declines were seen from the US, China, and Japan.
Published on 2020-03-19

Swiss Trade Surplus Widens in January
Switzerland's trade surplus increased to CHF 2.8 billion in January 2020 from CHF 2.0 billion in the previous month. Exports rose 4.6 percent, led by chemical & pharmaceutical products, watches, precision instruments and jewelry. Among key trade partners, exports were up to the Euro Area, in particular Germany, France, Italy and Austria. Sales also rose to the UK, the US and Japan, but fell sharply to China. Meanwhile, imports went up at a softer 0.5 percent, boosted by purchases of chemical & pharmaceutical products, machines & electronics, and jewelry. On the other hand, imports dropped for vehicles, fuels, metals and textiles, clothes and shoes. Imports were down from the Euro Area, mostly from Germany, but increased from France and Italy. Imports from the UK and Japan rose, while declines were seen from the US, China and Singapore.
Published on 2020-02-20

Swiss Trade Surplus Narrows in December
Switzerland's trade surplus declined to CHF 2.0 billion in December 2019 from an upwardlly revised CHF 2.3 billion in the previous month, as exports fell for a third straight month, led by chemical & pharmaceutical products, jewelry and vehicles. Meanwhile, there were increases in sales of machines & electronics, watches, precision instruments and metals. Among key trade partners, exports were down to the Euro Area, in particular France, Italy and Spain, and the US. Imports rose from a year low, boosted by purchases of chemical & pharmaceutical products, vehicles and fuels, while declines were seen for machines & electronics, metals, jewelry, textiles, clothing & shoes and food products. Imports were up from the Euro Area, mostly from Belgium, Austria and Ireland, but fell from the UK, the US and China. On a non seasonally adjusted basis, the trade surplus widened to CHF 37.3 billion from CHF 31.4 billion in 2018.
Published on 2020-01-28

Swiss Trade Surplus Narrows in November
Switzerland's trade surplus declined to CHF 2.21 billion in November 2019 from a marginally revised CHF 2.36 billion in the previous month. Exports decreased 1.7 percent, led by chemicals, machinery and electronics, and watches; while imports dropped 1.1 percent due to chemicals and energy products. Considering the first eleven months of the year, the trade surplus widened to CHF 23.6 billion from CHF 17.9 billion in the same period of 2018.
Published on 2019-12-19