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). source: Federal Customs Administration
Balance of Trade in Switzerland averaged 168.81 CHF Million from 1950 until 2021, reaching an all time high of 4264.21 CHF Million in May of 2021 and a record low of -1478.68 CHF Million in August of 1989. 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 July of 2021.
Balance of Trade in Switzerland is expected to be 4100.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Switzerland to stand at 3910.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 3880.00 CHF Million in 2022 and 2460.00 CHF Million in 2023, according to our econometric models.