Switzerland's trade surplus edged up to CHF 4.4 billion in October 2021 from CHF 4.3 billion in the previous month. Exports dropped 1.4 percent month-on-month, dragged down by sales of chemicals and pharmaceutical products (-2.8%), precision instruments (-2.4%) and vehicles (-12.7%). Among major trade partners, exports were down to the UK (-8.6%), China (-3.4%), Japan (-0.4%), and the US (-10.5%), but increased to the EU (3.7%). Meanwhile, imports fell at a faster 2.3 percent to a three-month low on lower purchases of chemicals and pharmaceutical products (-11.4%), food and beverages (-2.0%), vehicles (-9.4%) and plastics (-0.3%). Imports declined from the EU (-4.4%), Japan (-13.9%), and Singapore (-15.2%) but increased from China (4.1%), the US (6.4%), and the UK (5.2%). Considering the first ten months of the year, the trade surplus widened to CHF 40.6 billion from CHF 28.3 billion in the same period a year earlier. source: Federal Customs Administration
Balance of Trade in Switzerland averaged 193.50 CHF Million from 1950 until 2021, reaching an all time high of 4556 CHF Million in August 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 December of 2021.
Balance of Trade in Switzerland is expected to be 4000.00 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 3880.00 CHF Million in 2022 and 2460.00 CHF Million in 2023, according to our econometric models.