Switzerland's trade surplus dropped to CHF 1.8 billion in March 2022 from a downwardly revised all-time high of CHF 5.5 billion in the prior month. It was the smallest trade surplus since August 2019, due to a weakening global demand, amid Russia's invasion of Ukraine. Exports plunged 12.3% month over month, dragged down by sales of chemicals and pharmaceutical products (-21.6%), machines and electronics (-4.7), and vehicles (-7.2%). Among major trade partners, exports fell to Germany (-6.3%), Italy (-4.1%), France (-6.7%), the UK (-19.9%), the US (-18.9%), China (-16.6%), Japan (-15.5%). Meanwhile, imports grew by 4.4% on higher purchases of chemicals and pharmaceutical products (9.6%), energy products (18.4%), and metals (0.6%). Imports rose from Germany (12.2%), Italy (1.2%), France (2.7%), China (1.8%), Japan (6.5%) but declined from the UK (-8.2%), the US (-2.9%). For the first quarter of 2022, the trade surplus narrowed to CHF 8.7 billion from CHF 11.1 billion in Q1 2021. source: Federal Customs Administration

Balance of Trade in Switzerland averaged 211.82 CHF Million from 1950 until 2022, reaching an all time high of 5702 CHF Million in February of 2022 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 May of 2022.

Balance of Trade in Switzerland is expected to be 3910.00 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 2460.00 CHF Million in 2023, according to our econometric models.

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Switzerland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-03-17 07:00 AM Feb CHF5.7B CHF2.0B CHF2.9B
2022-04-26 06:00 AM Mar CHF1.8B CHF5.5B CHF 4.5B
2022-05-31 06:00 AM Apr CHF1.8B


Related Last Previous Unit Reference
Balance of Trade 1763.00 5522.00 CHF Million Mar 2022
Imports 19217.00 18406.00 CHF million Mar 2022
Exports 20980.00 23928.00 CHF million Mar 2022
Terms of Trade 110.14 115.77 points Mar 2022

Switzerland Balance of Trade
In 2019, the Swiss trade surplus widened 19 percent from the previous year to CHF 37 billion, as both imports and exports reached new records despite global trade tensions, Brexit uncertainty and Hong Kong protests. The biggest trade surpluses were 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
1763.00 5522.00 5522.00 -1478.68 1950 - 2022 CHF Million Monthly
SA

News Stream
Switzerland Trade Surplus Smallest in 31 Months
Switzerland's trade surplus dropped to CHF 1.8 billion in March 2022 from a downwardly revised all-time high of CHF 5.5 billion in the prior month. It was the smallest trade surplus since August 2019, due to a weakening global demand, amid Russia's invasion of Ukraine. Exports plunged 12.3% month over month, dragged down by sales of chemicals and pharmaceutical products (-21.6%), machines and electronics (-4.7), and vehicles (-7.2%). Among major trade partners, exports fell to Germany (-6.3%), Italy (-4.1%), France (-6.7%), the UK (-19.9%), the US (-18.9%), China (-16.6%), Japan (-15.5%). Meanwhile, imports grew by 4.4% on higher purchases of chemicals and pharmaceutical products (9.6%), energy products (18.4%), and metals (0.6%). Imports rose from Germany (12.2%), Italy (1.2%), France (2.7%), China (1.8%), Japan (6.5%) but declined from the UK (-8.2%), the US (-2.9%). For the first quarter of 2022, the trade surplus narrowed to CHF 8.7 billion from CHF 11.1 billion in Q1 2021.
2022-04-26
Switzerland Posts Largest Trade Surplus on Record
Switzerland's trade surplus increased sharply to CHF 5.7 billion in February 2022 from a downwardly revised CHF 2.0 billion in the previous month. It was the largest trade surplus since the series began in 1950, amid solid global demand. Exports jumped 15.4% m-o-m, boosted by sales of chemicals and pharmaceutical products (26.9%), watches (8.1%), metals (4.4%), and vehicles (16.6%). Among major trade partners, exports grew to Germany (6.3%), Italy (3.1%), France (11.6%), the US (56.6%), China (19.1%), Japan (7.6%). Meanwhile, imports fell by 2.9% on lower purchases of chemicals and pharmaceutical products (-5.2%), energy products (-18.4%), and vehicles (-12.2%). Imports dropped from Germany (-8.1%), France (-7.7%), Spain (-16.0%), but increased from the UK (3.1%), the US (9.2%), China (3.5%), and Japan (4.1%).
2022-03-17
Swiss Trade Surplus Smallest in 23 Months
Switzerland's trade surplus narrowed to CHF 2.2 billion in January 2022 from a downwardly revised CHF 3.7 billion in the previous month. It was the smallest trade surplus since February 2020, due to a weakening global demand, amid resurgence COVID-19 in some countries. Exports fell 1.5% m-o-m, dragged down by sales of chemicals and pharmaceutical products (-6.3%), jewellery (-6.7%), watches (-1.9%), and vehicles (-7.3%). Among major trade partners, exports declined to the US (-19.6%), Singapore (-1.7%), Hong Kong (-2.3%), and Canada (-7.1%). Meanwhile, imports grew by 7% on higher purchases of chemicals and pharmaceutical products (11.9%), energy products (43.1%), machinery and electronics (1.0%), and metals (2.6%). Imports increased from the EU (10.7%), the UK (16.4%), the US (3.4%), Singapore (107.1%), but decreased from China (-0.6%) and Japan (-21.7%).
2022-02-17