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.

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Switzerland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
3584.00 3102.00 4091.95 -1478.68 1950 - 2021 CHF Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-19 07:00 AM Oct CHF2.9B CHF2.4B CHF3.0B
2020-12-17 07:00 AM Nov CHF3.1B CHF2.9B CHF3.2B
2021-01-28 07:00 AM Dec CHF3.05B CHF3.07B CHF2.7B
2021-02-18 07:00 AM Jan CHF3.58B CHF3.10B CHF3.2B
2021-03-18 07:00 AM Feb CHF3.58B
2021-04-22 06:00 AM Mar
2021-05-27 06:00 AM Apr
2021-06-17 06:00 AM May


News Stream
Switzerland Trade Surplus Largest in 9 Months
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.
2021-02-18
Swiss Trade Surplus Narrows Slightly in December
Switzerland's trade surplus edged down to CHF 3.05 billion in December 2020 from a marginally revised CHF 3.07 billion in the previous month, amid the coronavirus pandemic. Exports fell 6.1 percent from a month earlier to CHF 17.63 billion, dragged by lower sales of chemical & pharmaceutical products, machines and electronics, precision instruments, and metals. Among key trade partners, exports decreased to China, Singapore the US, the EU and the UK. Meanwhile, imports dropped 7.1 percent to CHF 14.59 billion led by chemical & pharmaceutical products, machines and electronics, vehicles, metals, vehicles, and precision instruments. Imports declined from the EU, the UK, China, Japan and the US. Considering 2020 full year, the trade surplus widened to CHF 43 billion from CHF 37.2 billion in 2019.
2021-01-28
Switzerland Trade Surplus Largest in 3 Months
Switzerland's trade surplus increased to CHF 3.1 billion in November 2020, the largest since August, from CHF 2.9 billion in the previous month, amid the coronavirus pandemic. Exports rose 4.8 percent from a month earlier to CHF 18.8 billion, driven by higher sales of chemical & pharmaceutical products, machines and electronics, watches, and metals. Among key trade partners, exports increased to China, Japan, the US, the EU and the UK. Meanwhile, imports increased at a softer 4.2 percent to CHF 15.7 billion led by chemical & pharmaceutical products, machines and electronics, metals, vehicles, and precision instruments. Imports were up from the EU, the UK, China, Japan and the US. Considering the first eleven months of the year, the trade surplus widened to CHF 31.7 billion from CHF 23.7 billion in the same period of 2019.
2020-12-17
Swiss Trade Surplus Widens in October
Switzerland's trade surplus increased to CHF 2.9 billion in October 2020 from a downwardly revised CHF 2.4 billion in the previous month, as the coronavirus pandemic continued to weigh on global demand. Exports declined 0.4 percent from a month earlier to CHF 17.8 billion, dragged down by sales of chemical & pharmaceutical products, precision instruments, and food and beverages. Among key trade partners, exports decreased to China and the US, but rose to the EU and the UK. Meanwhile, imports dropped 3.3 percent to CHF 14.9 billion led by chemical & pharmaceutical products, vehicles, food and beverages, and precision instruments. Imports were down from the EU, Japan and the US, but were up from China and the UK. Considering the first ten months of the year, the trade surplus widened to CHF 28.4 billion from CHF 21.2 billion in the same period of 2019.
2020-11-19

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.