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.

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Switzerland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2018.01 2759.93 3175.71 -1478.68 1950 - 2020 CHF million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 07:00 AM Nov CHF2.2B CHF2.4B CHF1.8B
2020-01-28 07:00 AM Dec CHF2.0B CHF2.3B CHF 1.8B
2020-02-20 07:00 AM Jan CHF2.8B CHF2.0B CHF1.5B
2020-03-19 07:00 AM Feb CHF2B CHF2.8B CHF3.2B
2020-04-21 06:00 AM Mar CHF2B CHF 3.8B
2020-05-28 06:00 AM Apr
2020-06-18 06:00 AM May
2020-07-21 06:00 AM Jun CHF 3.5B


News Stream
Swiss Trade Surplus Narrows in February
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.
2020-03-19
Swiss Trade Surplus Widens in January
Switzerland's trade surplus increased to CHF 2.8 billion in January 2020 from CHF 2.0 billion in the previous month. Exports rose 4.6 percent, led by chemical & pharmaceutical products, watches, precision instruments and jewelry. Among key trade partners, exports were up to the Euro Area, in particular Germany, France, Italy and Austria. Sales also rose to the UK, the US and Japan, but fell sharply to China. Meanwhile, imports went up at a softer 0.5 percent, boosted by purchases of chemical & pharmaceutical products, machines & electronics, and jewelry. On the other hand, imports dropped for vehicles, fuels, metals and textiles, clothes and shoes. Imports were down from the Euro Area, mostly from Germany, but increased from France and Italy. Imports from the UK and Japan rose, while declines were seen from the US, China and Singapore.
2020-02-20
Swiss Trade Surplus Narrows in December
Switzerland's trade surplus declined to CHF 2.0 billion in December 2019 from an upwardlly revised CHF 2.3 billion in the previous month, as exports fell for a third straight month, led by chemical & pharmaceutical products, jewelry and vehicles. Meanwhile, there were increases in sales of machines & electronics, watches, precision instruments and metals. Among key trade partners, exports were down to the Euro Area, in particular France, Italy and Spain, and the US. Imports rose from a year low, boosted by purchases of chemical & pharmaceutical products, vehicles and fuels, while declines were seen for machines & electronics, metals, jewelry, textiles, clothing & shoes and food products. Imports were up from the Euro Area, mostly from Belgium, Austria and Ireland, but fell from the UK, the US and China. On a non seasonally adjusted basis, the trade surplus widened to CHF 37.3 billion from CHF 31.4 billion in 2018.
2020-01-28
Swiss Trade Surplus Narrows in November
Switzerland's trade surplus declined to CHF 2.21 billion in November 2019 from a marginally revised CHF 2.36 billion in the previous month. Exports decreased 1.7 percent, led by chemicals, machinery and electronics, and watches; while imports dropped 1.1 percent due to chemicals and energy products. Considering the first eleven months of the year, the trade surplus widened to CHF 23.6 billion from CHF 17.9 billion in the same period of 2018.
2019-12-19

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.