Switzerland’s trade surplus narrowed to CHF 1.4 billion in September 2026 from a downwardly revised CHF 5.4 billion in the previous month. It marked the smallest trade surplus since November 2022, as imports jumped 24.9% month-on-month to a more than one-year high of CHF 21.9 billion, driven primarily by a sharp increase in purchases of chemical and pharmaceutical products (87.8%). Imports from Europe climbed 21.7%, while those from North America and Asia rose 28.6% and 2.4%, respectively. Meanwhile, exports increased 1.5% month-on-month to CHF 23.3 billion, supported by higher shipments of chemical and pharmaceutical products (0.5%) and watches (1.6%). Exports to Asia rose 14.8%, while those to North America gained 11.2%. In contrast, exports to Europe fell 4.3%. In Q3 2026, Switzerland’s trade surplus widened to CHF 14 billion from CHF 13.2 billion in the previous quarter, as both exports (CHF 75 billion vs CHF 73.1 billion) and imports (CHF 61 billion vs CHF 60 billion) rose. source: Federal Customs Administration

Switzerland recorded a trade surplus of 1353 CHF Million in September of 2026. Balance of Trade in Switzerland averaged 415.53 CHF Million from 1950 until 2026, reaching an all time high of 7989.00 CHF Million in July of 2026 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 November of 2026.

Switzerland recorded a trade surplus of 1353 CHF Million in September of 2026. Balance of Trade in Switzerland is expected to be 4050.00 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 4400.00 CHF Million in 2027 and 3700.00 CHF Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-17 06:00 AM
Balance of Trade
Aug CHF5.6B CHF8.1B CHF7.5B
2026-10-20 06:00 AM
Balance of Trade
Sep CHF1.4B CHF5.4B CHF 4.3B
2026-11-19 07:00 AM
Balance of Trade
Oct CHF1.4B


Related Last Previous Unit Reference
Balance of Trade 1353.00 5369.00 CHF Million Sep 2026
Exports 23234.00 22892.00 CHF million Sep 2026
Imports 21881.00 17523.00 CHF million Sep 2026
Terms of Trade 96.00 96.80 points Sep 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
1353.00 5369.00 7989.00 -1452.80 1950 - 2026 CHF Million Monthly
SA

News Stream
Swiss Trade Surplus Smallest Since 2022
Switzerland’s trade surplus narrowed to CHF 1.4 billion in September 2026 from a downwardly revised CHF 5.4 billion in the previous month. It marked the smallest trade surplus since November 2022, as imports jumped 24.9% month-on-month to a more than one-year high of CHF 21.9 billion, driven primarily by a sharp increase in purchases of chemical and pharmaceutical products (87.8%). Imports from Europe climbed 21.7%, while those from North America and Asia rose 28.6% and 2.4%, respectively. Meanwhile, exports increased 1.5% month-on-month to CHF 23.3 billion, supported by higher shipments of chemical and pharmaceutical products (0.5%) and watches (1.6%). Exports to Asia rose 14.8%, while those to North America gained 11.2%. In contrast, exports to Europe fell 4.3%. In Q3 2026, Switzerland’s trade surplus widened to CHF 14 billion from CHF 13.2 billion in the previous quarter, as both exports (CHF 75 billion vs CHF 73.1 billion) and imports (CHF 61 billion vs CHF 60 billion) rose.
2026-10-20
Swiss Trade Surplus Narrows in August
Switzerland’s trade surplus narrowed to CHF 5.6 billion in August 2026 from a record CHF 8.1 billion in the previous month. Imports fell 11.6% month-on-month to a one-year low of CHF 17.4 billion, almost entirely due to a sharp drop in purchases of chemical and pharmaceutical products (-35.8%), led by medicinal products, antisera and vaccines. Imports from Europe recorded the steepest decline at 7.5%, led by a sharp 49.9% drop in imports from Slovenia. Elsewhere, purchases from Asia (-1.2%) and North America (-2.7%) also fell. Meanwhile, exports dropped 17.2% from a month earlier to a four-month low of CHF 23.1 billion, weighed down by lower shipments of chemical and pharmaceutical products (-32.2%) and watches (-7.2%). Exports to North America slumped 31%, led by a 31.2% drop in shipments to the US. Shipments to Asia (-18.9%) and Europe (-9.1%) also declined.
2026-09-17
Swiss Trade Surplus Hit Record Peak
Switzerland's trade surplus widened to CHF 8.1 billion in July 2026 from CHF 3.8 billion in the previous month, marking the largest surplus since records began in January 1950. Exports jumped 13.8% month-on-month to a more than one-year high of CHF 27.8 billion, driven by a sharp rebound in chemical and pharmaceutical products (25.7%) and a second consecutive monthly increase in watch exports (5.8%). Shipments to Europe surged 22.9%, led by strong growth in exports to Slovenia (127.5%), Italy (25.5%), and Germany (6.7%). However, exports to North America retreated 3%, with sales to the US and Canada falling 1.8% and 15.1%, respectively. Meanwhile, imports fell 4.5% from a month earlier to a three-month low of CHF 19.6 billion, weighed down by declines in chemical and pharmaceutical products (-10.2%) and vehicles (-6%). By region, imports from Europe decreased 3.4%, while purchases from Asia and Central and South America fell 3.4% and 8.4%, respectively.
2026-08-20