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.