Switzerland's trade surplus narrowed to CHF 2.8 billion in May 2020 from a downwardly revised CHF 4.2 billion in the previous month. It was the smallest trade surplus since February as exports fell while imports rose amid the coronavirus pandemic led by purchases of machines & electronics, metals, jewellery and vehicles. Among key trading partners, imports increased from the Euro Area, China, Japan, Hong Kong and the Middle East, but were down from the UK, the US. Exports dropped to the lowest level since November 2016 due to lower sales of chemical & pharmaceutical products, machines & electronics, and precision instruments. Exports were down to the UK, the US, China, Japan, Singapore, and the Middle East.

Balance of Trade in Switzerland averaged 126.07 CHF million from 1950 until 2020, reaching an all time high of 4326.69 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 July of 2020.

Balance of Trade in Switzerland is expected to be 840.00 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 1200.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 3480.00 CHF million in 2021 and 2180.00 CHF million in 2022, according to our econometric models.

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Switzerland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2811.00 4232.00 4232.00 -1478.68 1950 - 2020 CHF million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-19 07:00 AM Feb CHF2B CHF2.8B CHF3.2B
2020-04-21 06:00 AM Mar CHF3.2B CHF2B CHF 3.8B
2020-05-26 06:00 AM Apr CHF4.3B CHF3.1B CHF4.0B
2020-06-18 06:00 AM May CHF2.81B CHF4.2B CHF3.7B
2020-07-21 06:00 AM Jun CHF2.81B CHF 2.5B
2020-08-20 06:00 AM Jul
2020-09-17 06:00 AM Aug
2020-10-20 06:00 AM Sep CHF 0.84B


News Stream
Switzerland Trade Surplus Smallest in 3 Months
Switzerland's trade surplus narrowed to CHF 2.8 billion in May 2020 from a downwardly revised CHF 4.2 billion in the previous month. It was the smallest trade surplus since February as exports fell while imports rose amid the coronavirus pandemic led by purchases of machines & electronics, metals, jewellery and vehicles. Among key trading partners, imports increased from the Euro Area, China, Japan, Hong Kong and the Middle East, but were down from the UK, the US. Exports dropped to the lowest level since November 2016 due to lower sales of chemical & pharmaceutical products, machines & electronics, and precision instruments. Exports were down to the UK, the US, China, Japan, Singapore, and the Middle East.
2020-06-18
Swiss Trade Surplus Largest on Record
Switzerland's trade surplus widened to CHF 4.3 billion in April 2020 from a downwardly revised CHF 3.1 billion in the previous month. It was the largest trade surplus on record as imports tumbled to a 15-year low amid the coronavirus crisis led by purchases of chemical & pharmaceutical products, machines & electronics, metals, food & beverage and vehicles. Among key trading partner, imports fell from the Euro Area, the UK, the US, Japan, Singapore, Hong Kong and the Middle East, but were up from China. Exports dropped at a softer pace to hit the lowest level since November 2016 due to lower sales of watches, chemical & pharmaceutical products, machines & electronics, precision instruments and metals. Exports were down to the Euro Area, the UK, the US, China, Japan, South Korea, Hong Kong and the Middle East.
2020-05-26
Swiss Trade Surplus Largest in 9 Months
Switzerland's trade surplus increased to CHF 3.2 billion in March 2020 from an upwardly revised CHF 2.1 billion in the previous month. It was the largest trade surplus since June last year, as exports rose 2.2 percent, led by sales of chemical & pharmaceutical products. Among key trade partners, exports were up to the Euro Area, in particular to Germany and Austria, the US, Japan, Singapore and Hong Kong. On the other hand, exports declined to the UK, China, South Korea and the Middle East. Imports dropped 3.9 percent, dragged by purchases of machines & electronics, vehicles, and metals. Imports were down from the Euro Area, specially from Germany, Italy and France. Purchases also fell from the UK, the US and the Middle East, while increases were seen from China, Japan, Singapore and Hong Kong.
2020-04-21
Swiss Trade Surplus Narrows in February
Switzerland's trade surplus decreased to CHF 2.0 billion in February 2020 from CHF 2.8 billion in the previous month. Exports fell 5.0 percent, led by chemical & pharmaceutical products, watches, precision instruments and metals. Among key trade partners, exports were down to the Euro Area, in particular to Germany, France, and Austria. Meanwhile, sales rose to the UK, China and South Korea, but fell sharply to the US. Imports dropped at a softer 1.4 percent, dragged by purchases of machines & electronics, vehicles, and metals. On the other hand, imports rose for chemical and pharmaceutical products, jewelry, and fuels. Imports were down from France, Italy, but were up from Germany and Austria. Also, imports rose from the UK, while declines were seen from the US, China, and Japan.
2020-03-19

Switzerland Balance of Trade
In 2019, the Swiss trade surplus widened 19 percent from the previous year to CHF 37 billion, as both imports and exports reached new records despite global trade tensions, Brexit uncertainty and Hong Kong protests. The biggest trade surpluses were recorded with the US, India, the UK, China, Hong Kong, Japan and Singapore; and the largest deficits were recorded with the UAE, Germany, Ireland, Italy and Thailand.