Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in December, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, driven mainly by chemical and pharmaceutical exports, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased (2.0%). By destination, shipments to Europe went up 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Specifically, exports to the US dropped 7.1%, despite a tariff cut on Swiss goods from 39% to 15% in mid-November. Meanwhile, imports decreased 0.9% to CHF 19.4 billion, largely due to reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe fell 0.2%, with purchases from Eurozone dropping 1.3% and those from non-Eurozone down 8.6%. source: Federal Customs Administration

Switzerland recorded a trade surplus of 3608.90 CHF Million in January of 2026. Balance of Trade in Switzerland averaged 381.37 CHF Million from 1950 until 2026, reaching an all time high of 6191.10 CHF Million in April of 2025 and a record low of -1452.80 CHF Million in January of 1990. 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 March of 2026.

Switzerland recorded a trade surplus of 3608.90 CHF Million in January of 2026. Balance of Trade in Switzerland is expected to be 4500.00 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 5500.00 CHF Million in 2027 and 2500.00 CHF Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-29 07:00 AM
Balance of Trade
Dec CHF3B CHF3.9B CHF 3.8B
2026-02-19 07:00 AM
Balance of Trade
Jan CHF3.6B CHF2.9B CHF3.3B
2026-03-19 07:00 AM
Balance of Trade
Feb CHF3.6B


Related Last Previous Unit Reference
Balance of Trade 3608.90 2924.30 CHF Million Jan 2026
Exports 22973.40 22456.00 CHF million Jan 2026
Imports 19364.50 19531.70 CHF million Jan 2026
Terms of Trade 100.60 100.00 points Jan 2026


Switzerland Balance of Trade
Switzerland has been running consistent trade surpluses. The biggest trade surpluses are 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
3608.90 2924.30 6191.10 -1452.80 1950 - 2026 CHF Million Monthly
SA

News Stream
Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in December, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, driven mainly by chemical and pharmaceutical exports, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased (2.0%). By destination, shipments to Europe went up 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Specifically, exports to the US dropped 7.1%, despite a tariff cut on Swiss goods from 39% to 15% in mid-November. Meanwhile, imports decreased 0.9% to CHF 19.4 billion, largely due to reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe fell 0.2%, with purchases from Eurozone dropping 1.3% and those from non-Eurozone down 8.6%.
2026-02-19
Swiss Trade Surplus Narrows in December
Switzerland’s trade surplus narrowed to CHF 3 billion in December 2025, from an upwardly revised CHF 3.9 billion in November. Imports fell 1% month-on-month to CHF 19.5 billion, driven by a decline in chemical and pharmaceutical products (-1.4%), which offset gains in machinery, electronics, and equipment (1.3%) and food, feed, and luxury food products (1.1%). Imports from Europe decreased 2%, with Eurozone countries down 1.4% and non-Eurozone countries falling 3.5%. Meanwhile, exports dropped 4.5% month-on-month to CHF 22.5 billion, primarily due to lower sales of chemical and pharmaceutical products, which fell 10.7%. Exports to the US declined 22.4%, reversing a 7.6% gain in November. However, US-bound exports for 2025 still rose 3.9% to hit a record CHF 54.7 billion, despite President Trump’s 39% tariff, which was the highest among advanced economies. For the full year, Switzerland’s trade surplus reached CHF 54.3 billion, with exports increasing 1.4% and imports rising 4.5%.
2026-01-29
Swiss Trade Surplus Largest in 3 Months
Switzerland's trade surplus widened to CHF 3 billion in November 2025, from a downwardly revised CHF 2.5 billion in the previous month. This marked the largest surplus since August, as exports rose 1.6% month-over-month to CHF 22.8 billion, led by higher sales of chemical and pharmaceutical products (1.5%), machinery and electronics (1.5%), and watches (0.3%). Exports to the US grew 7.6%, rebounding from a 6.9% drop in October, following a recent Swiss-US agreement that cut US tariffs from 39% to 15% in exchange for a $200 billion investment pledge from Swiss companies and improved market access for certain American agricultural products. Meanwhile, imports fell 0.8% month-on-month to CHF 19.8 billion, mainly due to lower purchases of chemical and pharmaceutical products (–6.4%) and food and luxury food products (–1.2%). Imports from Europe declined 1.3%, with Eurozone countries down 1.4% and non-Eurozone countries falling 4.2%.
2025-12-18