Switzerland's trade surplus widened to CHF 3.58 billion in January of 2021 from a marginally revised CHF 3.10 billion in December 2020. This was the largest trade surplus since last April, due to a gradually improved in global demand. Exports increased by 5.4 percent from a month earlier to CHF 18.86 billion, boosted by higher sales of chemical & pharmaceutical products, machines and electronics, metals, and precision instruments. Among key trade partners, exports increased to China, Singapore, the US, and the EU. Meanwhile, imports rose at a softer 3.3 percent to CHF 15.28 billion led by chemical & pharmaceutical products, machines and electronics, and metals. Imports were up from the EU, the UK, China, and Singapore. source: Federal Customs Administration
Balance of Trade in Switzerland averaged 151.98 CHF Million from 1950 until 2021, reaching an all time high of 4091.95 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 March of 2021.
Balance of Trade in Switzerland is expected to be 2700.00 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 80.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 80.00 CHF Million in 2022 and 2180.00 CHF Million in 2023, according to our econometric models.