The trade surplus in Switzerland declined to CHF 2.0 billion in May of 2022 from a downwardly revised CHF 3.6 billion in April. Exports were up 1.2% from a month earlier to CHF 21.9 billion, boosted by sales of machinery and electronic; food, drinks and tobacco; watches; jewellery, precision instruments, and metals. Sales increased to Asia (12.4%), mainly China (47.4%), Japan (3.5%), and Singapore (3.6%). Conversely, sales declined to Europe (-1%). Meanwhile, imports rose at a faster 10.3% to a record high of CHF 19.8 billion, namely chemicals and pharmaceuticals; vehicles; machinery and electronics; metals; vehicles; and textiles and clothing. In contrast, purchases fell for energy. Imports grew from Europe (13.0%), namely Germany (8.0%), Italy (4.3%), French (6.8%), and Asia (10.0%), namely China (3.9%), Japan (1.6%). source: Federal Customs Administration
Balance of Trade in Switzerland averaged 218.61 CHF Million from 1950 until 2022, reaching an all time high of 5545.61 CHF Million in February of 2022 and a record low of -1452.84 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 June of 2022.
Balance of Trade in Switzerland is expected to be 3910.00 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.