Switzerland’s trade surplus narrowed to CHF 3 billion in December 2025, from an upwardly revised CHF 3.9 billion in November. Imports fell 1% month-on-month to CHF 19.5 billion, driven by a decline in chemical and pharmaceutical products (-1.4%), which offset gains in machinery, electronics, and equipment (1.3%) and food, feed, and luxury food products (1.1%). Imports from Europe decreased 2%, with Eurozone countries down 1.4% and non-Eurozone countries falling 3.5%. Meanwhile, exports dropped 4.5% month-on-month to CHF 22.5 billion, primarily due to lower sales of chemical and pharmaceutical products, which fell 10.7%. Exports to the US declined 22.4%, reversing a 7.6% gain in November. However, US-bound exports for 2025 still rose 3.9% to hit a record CHF 54.7 billion, despite President Trump’s 39% tariff, which was the highest among advanced economies. For the full year, Switzerland’s trade surplus reached CHF 54.3 billion, with exports increasing 1.4% and imports rising 4.5%. source: Federal Customs Administration

Switzerland recorded a trade surplus of 3036 CHF Million in December of 2025. Balance of Trade in Switzerland averaged 367.33 CHF Million from 1950 until 2025, reaching an all time high of 6044.40 CHF Million in October of 2024 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 February of 2026.

Switzerland recorded a trade surplus of 3036 CHF Million in December of 2025. Balance of Trade in Switzerland is expected to be 4500.00 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
2025-12-18 07:00 AM
Balance of Trade
Nov CHF3B CHF2.5B CHF2.9B
2026-01-29 07:00 AM
Balance of Trade
Dec CHF3B CHF3.9B CHF 3.8B
2026-02-19 07:00 AM
Balance of Trade
Jan CHF3B CHF3.3B


Related Last Previous Unit Reference
Balance of Trade 3036.00 3897.00 CHF Million Dec 2025
Exports 22499.00 23549.00 CHF million Dec 2025
Imports 19463.00 19652.00 CHF million Dec 2025
Terms of Trade 94.86 94.40 points Dec 2025


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
3036.00 3897.00 6044.40 -1452.80 1950 - 2025 CHF Million Monthly
SA

News Stream
Swiss Trade Surplus Narrows in December
Switzerland’s trade surplus narrowed to CHF 3 billion in December 2025, from an upwardly revised CHF 3.9 billion in November. Imports fell 1% month-on-month to CHF 19.5 billion, driven by a decline in chemical and pharmaceutical products (-1.4%), which offset gains in machinery, electronics, and equipment (1.3%) and food, feed, and luxury food products (1.1%). Imports from Europe decreased 2%, with Eurozone countries down 1.4% and non-Eurozone countries falling 3.5%. Meanwhile, exports dropped 4.5% month-on-month to CHF 22.5 billion, primarily due to lower sales of chemical and pharmaceutical products, which fell 10.7%. Exports to the US declined 22.4%, reversing a 7.6% gain in November. However, US-bound exports for 2025 still rose 3.9% to hit a record CHF 54.7 billion, despite President Trump’s 39% tariff, which was the highest among advanced economies. For the full year, Switzerland’s trade surplus reached CHF 54.3 billion, with exports increasing 1.4% and imports rising 4.5%.
2026-01-29
Swiss Trade Surplus Largest in 3 Months
Switzerland's trade surplus widened to CHF 3 billion in November 2025, from a downwardly revised CHF 2.5 billion in the previous month. This marked the largest surplus since August, as exports rose 1.6% month-over-month to CHF 22.8 billion, led by higher sales of chemical and pharmaceutical products (1.5%), machinery and electronics (1.5%), and watches (0.3%). Exports to the US grew 7.6%, rebounding from a 6.9% drop in October, following a recent Swiss-US agreement that cut US tariffs from 39% to 15% in exchange for a $200 billion investment pledge from Swiss companies and improved market access for certain American agricultural products. Meanwhile, imports fell 0.8% month-on-month to CHF 19.8 billion, mainly due to lower purchases of chemical and pharmaceutical products (–6.4%) and food and luxury food products (–1.2%). Imports from Europe declined 1.3%, with Eurozone countries down 1.4% and non-Eurozone countries falling 4.2%.
2025-12-18
Swiss Trade Surplus Smallest in 5 Months
Switzerland's trade surplus slightly narrowed to CHF 2.6 billion in October 2025, from a downwardly revised CHF 2.7 billion in the previous month. This marked the smallest surplus since May, as imports rose 0.2% month-on-month to CHF 19.9 billion, with purchases increasing for vehicles (5.5%) and metals (1%) while stalling for machinery and electronics. Imports from Europe increased 1.4%, with Eurozone countries up 0.8% and non-Eurozone countries jumping 11.8%. In contrast, imports from Asia fell 2.5%, led by declines from China and Japan. Meanwhile, exports declined 0.3% to CHF 22.5 billion, weighed down by lower sales of precision instruments (-3%) and jewelry (-13.6%). Exports to the US fell 5.5%, reversing a 42.1% surge in September, as the 39% tariff continued to curb demand before last week’s agreement. Swiss trade is expected to improve following the US agreement to cut tariffs to 15%, particularly benefiting manufacturers of watches, machinery, and precision instruments.
2025-11-20