Switzerland's trade surplus inched down to a 7-month low of CHF 4.2 billion in November 2021 from a downwardly revised CHF 4.3 billion in the previous month, amid weakening global demand. Exports grew 4.0 percent month-on-month, boosted by sales of chemicals and pharmaceutical products (7.5%), machines and electronics (0.8%) and metals (0.6%). Among major trade partners, exports were up to the UK (1.1%), Japan (33.9%), the US (21.1%), and the EU (0.2%), but declined to China (-0.6%).Meanwhile, imports rose at a faster 5.6 percent on higher purchases of chemicals and pharmaceutical products (12.7%), metals (2.6%), textile (5.4%), and vehicles (8.2%). Imports rose from the EU (9.4%), Japan (10.8%), China (4.1%), but fell from the US (-17.2%), and the UK (-9.2%). Considering the first eleven months of the year, the trade surplus widened to CHF 44.6 billion from CHF 31.4 billion in the same period a year earlier. source: Federal Customs Administration

Balance of Trade in Switzerland averaged 198.02 CHF Million from 1950 until 2021, reaching an all time high of 4517 CHF Million in August of 2021 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 January of 2022.

Balance of Trade in Switzerland is expected to be 4550.00 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.

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Switzerland Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-11-18 07:00 AM Oct CHF4.4B CHF4.3B CHF4B
2021-12-21 07:00 AM Nov CHF4.2B CHF4.3B CHF4.2B
2022-01-27 07:00 AM Dec CHF4.2B CHF 4B


Related Last Previous Unit Reference
Balance of Trade 4217.00 4303.00 CHF Million Nov/21
Imports 17584.00 16651.00 CHF million Nov/21
Exports 21801.00 20954.00 CHF million Nov/21
Terms of Trade 114.65 110.51 points Nov/21

News Stream
Swiss Trade Surplus Smallest in 7 Months
Switzerland's trade surplus inched down to a 7-month low of CHF 4.2 billion in November 2021 from a downwardly revised CHF 4.3 billion in the previous month, amid weakening global demand. Exports grew 4.0 percent month-on-month, boosted by sales of chemicals and pharmaceutical products (7.5%), machines and electronics (0.8%) and metals (0.6%). Among major trade partners, exports were up to the UK (1.1%), Japan (33.9%), the US (21.1%), and the EU (0.2%), but declined to China (-0.6%).Meanwhile, imports rose at a faster 5.6 percent on higher purchases of chemicals and pharmaceutical products (12.7%), metals (2.6%), textile (5.4%), and vehicles (8.2%). Imports rose from the EU (9.4%), Japan (10.8%), China (4.1%), but fell from the US (-17.2%), and the UK (-9.2%). Considering the first eleven months of the year, the trade surplus widened to CHF 44.6 billion from CHF 31.4 billion in the same period a year earlier.
2021-12-21
Switzerland Trade Surplus Widens in October
Switzerland's trade surplus edged up to CHF 4.4 billion in October 2021 from CHF 4.3 billion in the previous month. Exports dropped 1.4 percent month-on-month, dragged down by sales of chemicals and pharmaceutical products (-2.8%), precision instruments (-2.4%) and vehicles (-12.7%). Among major trade partners, exports were down to the UK (-8.6%), China (-3.4%), Japan (-0.4%), and the US (-10.5%), but increased to the EU (3.7%). Meanwhile, imports fell at a faster 2.3 percent to a three-month low on lower purchases of chemicals and pharmaceutical products (-11.4%), food and beverages (-2.0%), vehicles (-9.4%) and plastics (-0.3%). Imports declined from the EU (-4.4%), Japan (-13.9%), and Singapore (-15.2%) but increased from China (4.1%), the US (6.4%), and the UK (5.2%). Considering the first ten months of the year, the trade surplus widened to CHF 40.6 billion from CHF 28.3 billion in the same period a year earlier.
2021-11-18
Swiss Trade Surplus Narrows in September
Switzerland's trade surplus narrowed to CHF 4.4 billion in September 2021, from an all-time high of CHF 4.6 billion in the previous month. Exports dropped 0.2 percent from August's record, dragged down by sales of chemicals and pharmaceutical products (-1.4 percent), machines and electronics (-2.7 percent) and metals (-0.5 percent). Among major trade partners, exports were down to the EU (-0.4 percent) and the US (-22.2 percent), but increased to China (8.8 percent). Meanwhile, imports rose 0.9 percent to a five-month high on higher purchases of chemicals and pharmaceutical products (5.2 percent), machines and electronics (0.4 percent), and vehicles (1.4 percent). Imports were up from the EU (2.8 percent) and China (2.8 percent) but decreased from the US (-2.7 percent). Considering the first nine months of the year, the trade surplus widened to CHF 36.3 billion from CHF 25.3 billion in the same period a year earlier.
2021-10-19

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.