Switzerland's trade surplus declined to CHF 2.7 billion in September 2020 from a downwardly revised CHF 3.3 billion in the previous month, as exports fell while imports rose, amid the coronavirus pandemic. Purchases increased 1.9 percent from a month earlier to CHF 15.2 billion led by chemical & pharmaceutical products, vehicles, metals, textiles and footwear, and precision instruments. Imports were up from the Euro Area, Japan, Singapore, but were down from China, the US, and the UK. Meanwhile, exports fell 1.9 percent from a month earlier to CHF 17.9 billion, dragged down by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. Among key trade partners, exports declined to the Euro Area, the US, Japan, Singapore, Hong Kong and the Middle East. Considering the third quarter as a whole, the trade surplus narrowed to CHF 8.2 billion from CHF 9.6 billion in the previous three-month period.
Balance of Trade in Switzerland averaged 138.24 CHF Million from 1950 until 2020, reaching an all time high of 4153.71 CHF Million in April of 2020 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 October of 2020.
Balance of Trade in Switzerland is expected to be 180.00 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 3200.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 80.00 CHF Million in 2021 and 2180.00 CHF Million in 2022, according to our econometric models.