Switzerland Balance of Trade  1950-2017 | Data | Chart | Calendar

Swiss trade surplus widened 28.1 percent to CHF 3.51 billion in July 2017 from CHF 2.74 billion a year earlier and above market expectations of CHF 2.88 billion. It was the largest trade surplus since January as exports rose mainly boosted by sales to the US, China, Singapore and Hong Kong while imports fell. In June 2017, the trade balance was downwardly revised down to a CHF 2.76 billion surplus. Balance of Trade in Switzerland averaged 190.32 CHF million from 1950 until 2017, reaching an all time high of 4774.02 CHF million in January of 2017 and a record low of -1478.68 CHF million in August of 1989.

Switzerland Balance of Trade
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Swiss Trade Surplus Largest in 6 Months in July


Swiss trade surplus widened 28.1 percent to CHF 3.51 billion in July 2017 from CHF 2.74 billion a year earlier and above market expectations of CHF 2.88 billion. It was the largest trade surplus since January as exports rose mainly boosted by sales to the US, China, Singapore and Hong Kong while imports fell. In June 2017, the trade balance was downwardly revised down to a CHF 2.76 billion surplus.

Year-on-year, exports rose by 4.3 percent to CHF 18.35 billion, mainly driven by an increase in sales of chemical and pharmaceutical products (10.3 percent); metals (8.7 percent), and watches (3.6 percent). In contrast, sales fell for: machinery and electronics (-0.8 percent); precision instruments (-0.9 percent), and jewelry and bijouterie (-23.1 percent).
 
Among major trade partners, sales went up to: Singapore (74.5 percent); Hong Kong (22.0 percent), and the US (31.3 percent). In contrast sales went down to China (-0.1 percent); Japan (-4.9 percent); EU countries (-4.2 percent), mainly Germany (-2.8 percent) and France (-22.1 percent).
 
Imports edged down 0.1 percent to CHF 14.84 billion, due to a decrease in purchases of jewelry and bijouterie (-23.0 percent); vehicles (-18.1 percent), and food, beverages and tobacco (-0.2 percent). In contrast purchases increased for: chemical and pharmaceutical products (7.6 percent); machinery and electronics (6.9 percent); metals (11.2 percent), and textiles, clothing, footwear (9 percent).
 
Among major trade partners, purchases went down from the US (-27.7 percent). In contrast, purchases rose from: China (5.1 percent); Japan (10.5 percent); Singapore (1.5 percent), and EU countries (2.7 percent), mainly Germany (1.4 percent), and Italy (8.0 percent).
 
In the January-July period 2017, the trade surplus widened to CHF 22.42 billion from CHF 21.33 billion in the same period of 2016.
 

Swiss Customs Administration | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/22/2017 7:45:13 AM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-22 06:00 AM May CHF3.4B CHF1.96B CHF2.44B CHF2.9B
2017-07-20 06:00 AM Jun CHF2.8B CHF3.4B CHF2.89B CHF3.6B
2017-08-22 06:00 AM Jul CHF3.5B CHF2.8B CHF2.88B CHF 3.0B
2017-09-21 06:00 AM Aug CHF3.5B
2017-10-19 06:00 AM Sep
2017-11-21 07:00 AM Oct


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 3511.05 2764.50 4774.02 -1478.68 CHF million [+]
Exports 18346.67 18799.01 19778.73 245.90 CHF million [+]
Imports 14835.61 16034.52 17348.96 273.20 CHF million [+]
Current Account 11118.00 22023.00 25255.00 -2681.00 CHF Million [+]
Current Account to GDP 11.00 11.50 14.80 -0.60 percent [+]
External Debt 1705354.00 1721336.40 1721336.40 13293.30 CHF Million [+]
Terms of Trade 110.18 112.28 119.08 74.27 Index Points [+]
Capital Flows 18171.00 18027.00 44260.00 -53640.00 CHF Million [+]
Foreign Direct Investment 833192.60 770570.00 833192.60 20958.90 CHF Million [+]
Tourist Arrivals 1507.00 1294.00 2083.00 600.00 Thousand [+]
Gold Reserves 1039.99 1039.99 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.29 1.35 2.03 0.13 [+]
Tourism Revenues 3790.73 3447.52 4725.41 2179.85 CHF Million [+]
Weapons Sales 186.00 437.00 589.00 18.00 USD Million [+]

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



Switzerland Balance of Trade Notes

Since 2001 Switzerland has been reporting trade surpluses due to strong exports growth. Swiss main exports are: chemical and pharmaceutical products, machines and electronics, watches and precision instruments. The country imports mostly chemical and pharmaceutical products, machines and electronics, vehicles and metals. Its largest trading partner is Germany, followed by the US, Italy, France, China and the UK. 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3511.05 2764.50 4774.02 -1478.68 1950 - 2017 CHF million Monthly



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17