Switzerland's trade surplus declined to CHF 2.21 billion in November 2019 from a marginally revised CHF 2.36 billion in the previous month. Exports decreased 1.7 percent, led by chemicals, machinery and electronics, and watches; while imports dropped 1.1 percent due to chemicals and energy products.
Balance of Trade in Switzerland averaged 106.33 CHF million from 1950 until 2019, reaching an all time high of 3238.22 CHF million in January of 2017 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.
Balance of Trade in Switzerland is expected to be 3770.00 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 2580.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 2480.00 CHF million in 2020, according to our econometric models.