Switzerland Balance of Trade  1950-2018 | Data | Chart | Calendar

The Swiss trade surplus widened to CHF 1.41 billion in August 2018 from a marginally revised CHF 1.17 billion in the previous month. It was the largest trade surplus since April, as exports edged up 0.2 percent to CHF 18.29 billion while imports fell 1.1 percent to CHF 16.89 billion. Balance of Trade in Switzerland averaged 68.65 CHF million from 1950 until 2018, reaching an all time high of 3212.11 CHF million in September of 2016 and a record low of -1478.68 CHF million in August of 1989.

Switzerland Balance of Trade
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Switzerland Posts Largest Trade Surplus in 4 Months


The Swiss trade surplus widened to CHF 1.41 billion in August 2018 from a marginally revised CHF 1.17 billion in the previous month. It was the largest trade surplus since April, as exports edged up while imports fell.

Exports inched up 0.2 percent from a month earlier to CHF 18.29 billion in August, driven by increases in sales of watchmaking (1.4 percent), precision instruments (1.6 percent), and metals (1.0 percent). By contrast, there was a decline in exports of chemical and pharmaceutical products (-1.1 percent), machinery and electronics (-0.2 percent), and jewelry and bijouterie (-2 percent).

Among major trade partners, exports to the EU increased 2.7 percent, mainly to France (8.4 percent), the Netherlands (8.3 percent), Spain (1.5 percent), and Italy (0.7 percent); while those to Germany and the UK decreased 0.7 percent and 0.8 percent, respectively. In addition, sales rose to Singapore (11.1 percent), Brazil (4.4 percent), and the UAE (8.4 percent). By contrast, exports declined to the US (-1.6 percent), China (-0.8 percent); Japan (-22.6 percent), Hong Kong (-14.4 percent), Canada (-1.8 percent) and Australia (-6.8 percent).

Imports fell 1.1 percent to CHF 16.89 billion in August, as purchases dropped for vehicles (-5.6 percent), jewelry and bijouterie (-10.2 percent), metals (-3.3 percent), and textiles, clothing, footwear (-3.0 percent). Meanwhile, imports increased for chemical and pharmaceutical products (6.9 percent), and machinery and electronics (0.7 percent). 

Among major trade partners, imports from the EU went down 1.5 percent, namely from Germany (-0.9 percent), France (-23.5 percent), Spain (-1.3 percent), and Austria (-6.7 percent) while those from Italy and the Netherlands rose 5.5 percent and 0.2 percent, respectively. Also, imports declined from China (-2.5 percent), but rose from the US (19.8 percent) and Japan (0.3 percent).
 
Considering January to August, the trade surplus narrowed sharply to CHF 10.44 billion from CHF 16.92 billion in the same period of 2017.


Swiss Customs Administration | Chusnul Ch Manan | chusnul@tradingeconomics.com
9/20/2018 12:11:16 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-19 06:00 AM Balance of Trade CHF1.31B CHF1.24B CHF 3B
2018-08-21 06:00 AM Balance of Trade CHF1.15B CHF1.22B CHF2.5B
2018-09-20 06:00 AM Balance of Trade CHF1.41B CHF1.17B CHF1.7B
2018-10-18 06:00 AM Balance of Trade CHF1.41B CHF 2.1B
2018-11-20 07:00 AM Balance of Trade
2018-12-20 07:00 AM Balance of Trade


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 1407.94 1171.37 3212.11 -1478.68 CHF million [+]
Exports 18294.60 18254.15 18821.29 245.90 CHF million [+]
Imports 16886.66 17082.78 17996.46 273.20 CHF million [+]
Current Account 18134.28 19679.42 25353.43 -2766.94 CHF Million [+]
Current Account to GDP 9.80 9.40 14.80 -0.60 percent [+]
External Debt 1829754.10 1796783.40 1829754.10 13293.30 CHF Million [+]
Terms of Trade 116.91 117.19 121.41 74.27 Index Points [+]
Capital Flows 11440.23 578.27 44260.29 -53637.28 CHF Million [+]
Foreign Direct Investment 965478.00 842197.00 965478.00 20958.90 CHF Million [+]
Tourist Arrivals 1926.00 1558.00 2145.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.27 0.29 2.03 0.13 [+]
Tourism Revenues 4067.59 3677.75 4971.77 999.10 CHF Million [+]
Weapons Sales 186.00 186.00 589.00 18.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Switzerland Balance of Trade

In 2017, the Swiss trade surplus narrowed 6 percent from the previous year to CHF 34.8 billion, as imports advanced by 6.9 percent, the steepest increase since 2010 and exports rose by a slower 4.7 percent to a new record high. Aside from the improved economic situation worldwide, the weakening of the Swiss franc and price trends played a decisive role in both directions of trade. The biggest trade surpluses were recorded with the US, the UK, Hong Kong, Japan, Belgium, South Korea and Singapore; and the largest deficits were recorded with Germany, Ireland, Italy, China, Austria and France. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1407.94 1171.37 3212.11 -1478.68 1950 - 2018 CHF million Monthly
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balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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