Switzerland's trade surplus decreased to CHF 2.0 billion in February 2020 from CHF 2.8 billion in the previous month. Exports fell 5.0 percent, led by chemical & pharmaceutical products, watches, precision instruments and metals. Among key trade partners, exports were down to the Euro Area, in particular to Germany, France, and Austria. Meanwhile, sales rose to the UK, China and South Korea, but fell sharply to the US. Imports dropped at a softer 1.4 percent, dragged by purchases of machines & electronics, vehicles, and metals. On the other hand, imports rose for chemical and pharmaceutical products, jewelry, and fuels. Imports were down from France, Italy, but were up from Germany and Austria. Also, imports rose from the UK, while declines were seen from the US, China, and Japan.
Balance of Trade in Switzerland averaged 114.13 CHF million from 1950 until 2020, reaching an all time high of 3175.71 CHF million in September of 2016 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 April of 2020.
Balance of Trade in Switzerland is expected to be 3500.00 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 2580.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 2480.00 CHF million in 2021, according to our econometric models.