The Swiss trade surplus widened to CHF 2.04 billion in February 2019 from CHF 1.39 billion in the previous month, as exports rose 2.3 percent to an all-time high while imports fell 1.2 percent. Considering the first two months of the year, the trade surplus increased to CHF 3.43 billion from CHF 2.57 billion in the same period of 2018. Balance of Trade in Switzerland averaged 83.05 CHF million from 1950 until 2019, reaching an all time high of 3268.12 CHF million in September of 2016 and a record low of -1478.68 CHF million in August of 1989.

Balance of Trade in Switzerland is expected to be 2100.00 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 1750.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 80.00 CHF million in 2020, according to our econometric models.

Switzerland Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-20 07:00 AM Balance of Trade CHF3.07B CHF2.55B CHF2.1B
2019-01-29 07:00 AM Balance of Trade CHF1.79B CHF3.00B CHF 3.2B
2019-02-19 07:00 AM Balance of Trade CHF1.39B CHF1.76B CHF 1.1B
2019-03-19 07:00 AM Balance of Trade CHF2.04B CHF1.39B CHF 1.0B
2019-04-18 06:00 AM Balance of Trade CHF2.04B CHF 2.1B
2019-05-28 06:00 AM Balance of Trade
2019-06-20 06:00 AM Balance of Trade



Switzerland Posts Largest Trade Surplus in 3 Months

The Swiss trade surplus widened to CHF 2.04 billion in February 2019 from CHF 1.39 billion in the previous month.

Exports increased 2.3 percent from a month earlier to an all-time high of CHF 19.4 billion in February, driven by sales of chemical and pharmaceutical products (3.9 percent); watchmaking (1.1 percent); metals (3.2 percent); and jewellery (0.8 percent). By contrast, exports declined for machinery and electronics (-0.1 percent), precision instruments (-0.2 percent), and food, beverages and tobacco (-0.5 percent).
 
Among major trade partners, exports rose to Germany (0.2 percent), the Netherlands (4.3 percent), Spain (74.8 percent), the UK (11.6 percent), the US (9.1 percent), Canada (1.8 percent) and the Middle East (11.9 percent). Meanwhile, there were declines in exports to France (-1.6 percent), Italy (-5.1 percent), Austria (-21.4 percent), China (-4.5 percent), Japan (-8.4 percent), Hong Kong (-2 percent) and Singapore (-20.5 percent).
 
Imports dropped 1.2 percent to CHF 17.4 billion, dragged by purchases of chemical and pharmaceutical products (-1.1 percent); machinery and electronics (-1.9 percent); vehicles (-4.1 percent); jewellery (-5.1 percent); metals (-0.5 percent); textiles, clothing, footwear (-2.3 percent); and food, beverages and tobacco (-2.3 percent).
 
Among major trade partners, imports decreased from China (-13.8 percent), Japan (-11.6 percent), the UAE (-50.7 percent), Spain (-1.3 percent), Ireland (-5.5 percent) and Austria (-19.3 percent). Meanwhile, imports increased from Germany (1.4 percent), France (3.6 percent), Italy (2.8 percent), the UK (75 percent), the Netherlands (3.9 percent) and the US (1.2 percent).
 
Considering the first two months of the year, the trade surplus increased to CHF 3.43 billion from CHF 2.57 billion in the same period of 2018.


Swiss Customs Administration | Chusnul Ch Manan | chusnul@tradingeconomics.com
3/19/2019 11:04:21 AM



Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 2037.56 1389.99 3268.12 -1478.68 CHF million [+]
Current Account 14596.00 22724.00 25032.31 -2851.91 CHF Million [+]
Current Account to GDP 9.80 9.40 14.80 -0.60 percent [+]
Imports 17359.34 17569.30 17759.64 273.20 CHF million [+]
Exports 19396.90 18959.28 19396.90 245.90 CHF million [+]
External Debt 1841937.30 1838035.30 1841937.30 13293.30 CHF Million [+]
Terms of Trade 120.28 117.27 121.41 74.27 Index Points [+]
Capital Flows 20070.23 11300.52 44260.29 -53637.28 CHF Million [+]
Foreign Direct Investment 1088433.00 1061331.00 1088433.00 20958.90 CHF Million [+]
Tourist Arrivals 1118.00 1572.00 2250.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.13 0.27 2.03 0.13 [+]
Tourism Revenues 4962.82 4121.43 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 2018, the Swiss trade surplus narrowed 10 percent from the previous year to CHF 31.3 billion, as both imports and exports rose the most since 2010 and reached new records despite the global economic uncertainties. The biggest trade surpluses were recorded with the US, Hong Kong, Japan, South Korea, the Netherlands, Australia, Russia, Canada and Brazil; and the largest deficits were recorded with Germany, Ireland, Italy, the UAE, Austria, China 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2037.56 1389.99 3268.12 -1478.68 1950 - 2019 CHF million Monthly
SA




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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