Switzerland’s trade surplus narrowed to CHF 2.7 billion in March 2026, from a downwardly revised six-month high of CHF 4.4 billion in the prior month. It marked the smallest surplus since February 2024, as imports climbed 10.1% month-on-month to a four-month high of CHF 19.6 billion, driven mainly by higher purchases of chemical and pharmaceutical products (36.1%) and machinery, electronics and equipment (1.6%). Imports rose the most from Europe (9.5%) and Asia (4.2%). Meanwhile, exports rose just 1% to CHF 22.4 billion, with watch shipments slipping 5.4% as the sector grappled with disruptions in the Middle East and persistently high precious metal costs. Regionally, exports to Europe (5.8%) and Asia (6.2%) increased, while shipments to North America dropped 16.2%, driven by a 15.9% fall in exports to the US after a strong 17.9% growth in February. For the Q1 2026, Switzerland recorded a trade surplus of CHF 110.95 billion, with exports falling 4.2% and imports declining 4.7%. source: Federal Customs Administration

Switzerland recorded a trade surplus of 2743 CHF Million in March of 2026. Balance of Trade in Switzerland averaged 387.94 CHF Million from 1950 until 2026, reaching an all time high of 6191.10 CHF Million in April of 2025 and a record low of -1452.80 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 May of 2026.

Switzerland recorded a trade surplus of 2743 CHF Million in March of 2026. Balance of Trade in Switzerland is expected to be 500.00 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 5500.00 CHF Million in 2027 and 2500.00 CHF Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-19 07:00 AM
Balance of Trade
Feb CHF4.4B CHF3.5B CHF4.0B
2026-04-21 06:00 AM
Balance of Trade
Mar CHF2.7B CHF4.3B CHF 4.5B
2026-06-02 06:00 AM
Balance of Trade
Apr CHF2.7B


Related Last Previous Unit Reference
Balance of Trade 2743.00 4324.00 CHF Million Mar 2026
Exports 22355.00 22142.00 CHF million Mar 2026
Imports 19612.00 17818.00 CHF million Mar 2026
Terms of Trade 99.50 99.90 points Mar 2026


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
2743.00 4324.00 6191.10 -1452.80 1950 - 2026 CHF Million Monthly
SA

News Stream
Swiss Trade Surplus Smallest Since 2024
Switzerland’s trade surplus narrowed to CHF 2.7 billion in March 2026, from a downwardly revised six-month high of CHF 4.4 billion in the prior month. It marked the smallest surplus since February 2024, as imports climbed 10.1% month-on-month to a four-month high of CHF 19.6 billion, driven mainly by higher purchases of chemical and pharmaceutical products (36.1%) and machinery, electronics and equipment (1.6%). Imports rose the most from Europe (9.5%) and Asia (4.2%). Meanwhile, exports rose just 1% to CHF 22.4 billion, with watch shipments slipping 5.4% as the sector grappled with disruptions in the Middle East and persistently high precious metal costs. Regionally, exports to Europe (5.8%) and Asia (6.2%) increased, while shipments to North America dropped 16.2%, driven by a 15.9% fall in exports to the US after a strong 17.9% growth in February. For the Q1 2026, Switzerland recorded a trade surplus of CHF 110.95 billion, with exports falling 4.2% and imports declining 4.7%.
2026-04-21
Swiss Trade Surplus at 6-Month High
Switzerland’s trade surplus widened to CHF 4.4 billion in February 2026, from a downwardly revised CHF 3.5 billion in January, marking the largest surplus since August 2025. Exports fell 2.7% month-over-month to CHF 22.2 billion, with declines recorded in nine of the ten main product groups. The largest drops were in chemical and pharmaceutical products (-3.1%) and machinery, electronics, and equipment (-2.6%), while watch exports (1.3%) were the only segment showing growth and continuing a five-month upward trend. Regionally, exports to Europe (-3.5%) and Asia (-12%) declined, while exports to North America surged 19.4%, led by the US (21.2%). Meanwhile, imports dropped even more sharply, falling 8.3% month-on-month to CHF 17.8 billion, primarily weighed down by a 23.5% slump in chemical and pharmaceutical products. Imports contracted across all major regions, namely Europe (-10.4%), North America (-27.7%), and Asia (-8.9%).
2026-03-19
Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in December, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, driven mainly by chemical and pharmaceutical exports, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased (2.0%). By destination, shipments to Europe went up 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Specifically, exports to the US dropped 7.1%, despite a tariff cut on Swiss goods from 39% to 15% in mid-November. Meanwhile, imports decreased 0.9% to CHF 19.4 billion, largely due to reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe fell 0.2%, with purchases from Eurozone dropping 1.3% and those from non-Eurozone down 8.6%.
2026-02-19