Switzerland Balance of Trade  1950-2018 | Data | Chart | Calendar

The Swiss trade surplus widened to CHF 3.2 billion in February 2018 from a downwardly revised CHF 1.1 billion in the previous month. Exports rose 1.8 percent to CHF 19.33 billion while imports decreased 9.8 percent to CHF 16.12 billion. Balance of Trade in Switzerland averaged 210.11 CHF million from 1950 until 2018, reaching an all time high of 4242.80 CHF million in September of 2016 and a record low of -1478.68 CHF million in August of 1989.

Switzerland Balance of Trade
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Swiss Trade Surplus Widens in February


The Swiss trade surplus widened to CHF 3.2 billion in February 2018 from a downwardly revised CHF 1.1 billion in the previous month.

Exports increased by 1.8 percent from the previous month to CHF 19.33 billion in February, mainly due to higher sales of: chemical and pharmaceutical products (4.1 percent); jewelery and bijouterie (22.6 percent); and food, beverages and tobacco (2.7 percent). In contrast, exports fell for: machinery and electronics (-2.3 percent); watches (-0.7 percent); precision instruments (-2.3 percent); and metals (-2.1 percent).
 
Among major trade partners, exports rose to the EU (3.1 percent), mainly Germany (1.2 percent), Italy (10.3 percent), France (8.9 percent) and Spain (39.1 percent). Meanwhile, sales went down to the US (-0.2 percent), the UK (-23.6 percent), China (-13 percent) and Japan (-6.4 percent).
 
Imports declined 9.8 percent to CHF 16.12 billion, dragged by a decrease in purchases of: chemical and pharmaceutical products (-20 percent); machinery and electronics (-5.6 percent); metals (-2.1 percent); vehicles (-33.6 percent); and textiles, clothing, footwear (-1.3 percent). In contrast, imports of jewelery and bijouterie went up 2.9 percent.
 
Among major trade partners, imports dropped from the EU (-6.5 percent), mainly from Germany (-1.7 percent), Italy (-7.4 percent), France (-4.5 percent), Spain (-18.3 percent) and the UK (-26.6 percent); and the US (-45.3 percent). Imports from China rose 2.8 percent.


Swiss Customs Administration l Chusnul Ch Manan | chusnul@tradingeconomics.com
3/20/2018 12:03:03 PM


Recent Releases

Switzerland Posts Smallest Trade Surplus in 4 Years
The Swiss trade surplus narrowed to CHF 1.32 billion in January 2018 from CHF 3.37 billion in the previous month, missing market expectations of CHF 2.78 billion. It was the smallest trade surplus since December 2013.
Published on 2018-02-20

Swiss Trade Surplus Narrows 1.9% in December
Swiss trade surplus narrowed 1.9 percent to CHF 2.63 billion in December 2017 from CHF 2.68 billion in the same month a year earlier and below market expectations of CHF 2.75 billion.
Published on 2018-01-30

Swiss Trade Surplus Narrows 21.7% in November
Swiss trade surplus narrowed 21.73 percent to CHF 2.63 billion in November 2017 from CHF 3.36 billion in the same month a year earlier and below market expectations of CHF 2.87 billion.
Published on 2017-12-21

Swiss Trade Surplus Narrows 8.3% in October
Swiss trade surplus narrowed 8.27 percent to CHF 2.33 billion in October 2017 from CHF 2.54 billion in the same month a year earlier and below market expectations of CHF 3.21 billion.
Published on 2017-11-21



Calendar GMT Actual Previous Consensus TEForecast
2018-01-30 07:00 AM Balance of Trade CHF2.632B CHF2.582B CHF2.748B CHF2.9B
2018-02-20 07:00 AM Balance of Trade CHF1.324B CHF3.374B CHF2.78B CHF 2.6B
2018-03-20 07:00 AM Balance of Trade CHF3.2B CHF1.1B CHF2.641B CHF2.2B
2018-04-24 06:00 AM Balance of Trade CHF3.2B CHF2.9B
2018-05-29 06:00 AM Balance of Trade
2018-06-21 06:00 AM Balance of Trade


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 3215.34 1126.30 4242.80 -1478.68 CHF million [+]
Exports 19332.37 18996.69 19800.84 245.90 CHF million [+]
Imports 16117.04 17870.39 17870.39 273.20 CHF million [+]
Current Account 19679.42 13307.09 25353.43 -2766.94 CHF Million [+]
Current Account to GDP 11.00 11.50 14.80 -0.60 percent [+]
External Debt 1796783.40 1755869.00 1796783.40 13293.30 CHF Million [+]
Terms of Trade 116.13 119.45 119.83 74.27 Index Points [+]
Capital Flows 578.27 -147.62 44260.29 -53637.28 CHF Million [+]
Foreign Direct Investment 965478.00 842197.00 965478.00 20958.90 CHF Million [+]
Tourist Arrivals 1233.00 1294.00 2145.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.27 0.29 2.03 0.13 [+]
Tourism Revenues 3677.75 4971.77 4971.77 999.10 CHF Million [+]
Weapons Sales 186.00 186.00 589.00 18.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Switzerland Balance of Trade

In 2017, the Swiss trade surplus narrowed 6 percent from the previous year to CHF 34.8 billion, as imports advanced by 6.9 percent, the steepest increase since 2010 and exports rose by a slower 4.7 percent to a new record high. Aside from the improved economic situation worldwide, the weakening of the Swiss franc and price trends played a decisive role in both directions of trade. The biggest trade surpluses were recorded with the US, the UK, Hong Kong, Japan, Belgium, South Korea and Singapore; and the largest deficits were recorded with Germany, Ireland, Italy, China, Austria and France. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3215.34 1126.30 4242.80 -1478.68 1950 - 2018 CHF million Monthly
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balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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