The Swiss trade surplus widened to CHF 1.45 billion in September 2018 from a marginally revised CHF 1.36 billion in the previous month. It was the largest trade surplus since April, as exports fell 2.1 percent to CHF 17.83 billion while imports dropped at a faster 2.8 percent to CHF 16.38 billion. Balance of Trade in Switzerland averaged 70.32 CHF million from 1950 until 2018, reaching an all time high of 3212.11 CHF million in September of 2016 and a record low of -1478.68 CHF million in August of 1989.

Switzerland Balance of Trade
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Switzerland Posts Largest Trade Surplus in 5 Months


The Swiss trade surplus widened to CHF 1.45 billion in September 2018 from a marginally revised CHF 1.36 billion in the previous month. It was the largest trade surplus since April, as exports fell less than imports.

Exports declined 2.1  percent from a month earlier to CHF 17.83 billion in September, dragged by decreases in sales of watchmaking (-5.2 percent), precision instruments (-2.6 percent); metals (-3.7 percent); chemical and pharmaceutical products (-1.2 percent), and machinery and electronics (-0.2 percent). By contrast, there was an increases in exports of jewelry and bijouterie (4.2 percent).

Among major trade partners, exports to the EU decreased 1 percent, mainly to Germany (-2.1 percent), France (-2.8 percent), the Netherlands (-22 percent), and Spain (-4 percent) while those to Italy and Austria went up 1.3 percent and 18.9 percent, respectively. In addition, sales dropped to China (-12.4 percent), India (-3.6 percent), and the US (-1.4 percent). By contrast, exports increased to Japan (21.6 percent); Singapore (1.1 percent), and Turkey (54.9 percent).

Imports fell at a faster 2.8 percent to CHF 16.38 billion in September, as purchases decreased for vehicles (-9.2 percent), jewelry and bijouterie (-29.6 percent), metals (-1.3 percent), and textiles, clothing, footwear (-0.2 percent). Meanwhile, imports increased for chemical and pharmaceutical products (3.2 percent), and machinery and electronics (0.1 percent). 

Among major trade partners, imports from the EU went down 1.4 percent, namely from Germany (-1.7 percent), Italy (-5.2 percent), France (-9.7 percent), and the Netherlands (-10.3 percent) while those from Belgium and Ireland rose 10.5 percent and 9.3 percent, respectively. Also, imports declined from China (-2.3 percent), Japan (-25.6 percent); the US (-10.6 percent) but rose from the Hong Kong (3.9 percent); Singapore (14.5 percent), and Canada (116.3 percent).
 
Considering January to September, the trade surplus narrowed sharply to CHF 11.6 billion from CHF 18.5 billion in the same period of 2017.


 


Swiss Customs Administration l Chusnul Ch Manan| chusnul@tradingeconomics.com
10/18/2018 7:08:28 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-21 06:00 AM Balance of Trade CHF1.15B CHF1.22B CHF2.5B
2018-09-20 06:00 AM Balance of Trade CHF1.41B CHF1.17B CHF1.7B
2018-10-18 06:00 AM Balance of Trade CHF1.45B CHF1.36B CHF 2.1B
2018-11-20 07:00 AM Balance of Trade CHF1.45B CHF1.2B
2018-12-20 07:00 AM Balance of Trade


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 1447.00 1357.00 3212.11 -1478.68 CHF million [+]
Exports 17827.00 18206.00 18821.29 245.90 CHF million [+]
Imports 16380.00 16849.00 17996.46 273.20 CHF million [+]
Current Account 22143.83 17434.59 25032.31 -2851.91 CHF Million [+]
Current Account to GDP 9.80 9.40 14.80 -0.60 percent [+]
External Debt 1838035.30 1829754.10 1838035.30 13293.30 CHF Million [+]
Terms of Trade 115.12 116.73 121.41 74.27 Index Points [+]
Capital Flows 11300.52 11440.23 44260.29 -53637.28 CHF Million [+]
Foreign Direct Investment 965478.00 842197.00 965478.00 20958.90 CHF Million [+]
Tourist Arrivals 1958.00 2250.00 2250.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.27 0.29 2.03 0.13 [+]
Tourism Revenues 4121.43 4067.59 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 2017, the Swiss trade surplus narrowed 6 percent from the previous year to CHF 34.8 billion, as imports advanced by 6.9 percent, the steepest increase since 2010 and exports rose by a slower 4.7 percent to a new record high. Aside from the improved economic situation worldwide, the weakening of the Swiss franc and price trends played a decisive role in both directions of trade. The biggest trade surpluses were recorded with the US, the UK, Hong Kong, Japan, Belgium, South Korea and Singapore; and the largest deficits were recorded with Germany, Ireland, Italy, China, Austria 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1447.00 1357.00 3212.11 -1478.68 1950 - 2018 CHF million Monthly
SA




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -13980.00 Sep/18
Indonesia -1819.90 Oct/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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