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.