Switzerland Balance of Trade  1950-2018 | Data | Chart | Calendar

The Swiss trade surplus narrowed slightly to CHF 1.15 billion in July 2018 from a downwardly revised CHF 1.22 billion in the previous month. It was the smallest trade surplus since January, as exports fell 3 percent to CHF 18.21 billion and imports declined at a slower 2.8 percent to CHF 17.05 billion. Balance of Trade in Switzerland averaged 66.99 CHF million from 1950 until 2018, reaching an all time high of 3249.75 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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Swiss Posts Smallest Trade Surplus in 6 Months


The Swiss trade surplus narrowed slightly to CHF 1.15 billion in July 2018 from a downwardly revised CHF 1.22 billion in the previous month. It was the smallest trade surplus since January, as exports fell more than imports.

Exports dropped 3 percent from a month earlier to CHF 18.21 billion in July, dragged by decreases in sales of chemical and pharmaceutical products (-4.2 percent), machinery and electronics (-2.8 percent), watchmaking (-4.4 percent), metals (-0.8 percent), and jewelry and bijouterie (-10.4 percent). By contrast, exports of precision instruments increased by 1.1 percent.

Among major trade partners, exports to the EU declined 8.5 percent, mainly to France (-20.2 percent), the Netherlands (-18.6 percent), Austria (-20.6 percent) and Italy (-3.7 percent); while those to Germany, the UK and Spain increased 0.8 percent, 2.5 percent and 1.6 percent respectively. In addition, sales dropped to the US (-0.1 percent), Singapore (-0.7 percent) and South Korea (-7.1 percent) but increased to China (4.2 percent), Japan (19.2 percent), Hong Kong (14.6 percent) and Canada (2.8 percent).
 
Imports fell at a softer 2.8 percent to CHF 17.05 billion in July, as purchases dropped for chemical and pharmaceutical products (-11.6 percent), metals (-1.7 percent), and textiles, clothing, footwear (-4.7 percent). Meanwhile, imports increased for machinery and electronics (1.0 percent), vehicles (1.9 percent), and jewelry and bijouterie (2.5 percent).
 
Among major trade partners, imports from the EU went down 4 percent, namely from Germany (-4.5 percent), Italy (-1.7 percent), the UK (-5.3 percent) and Spain (-2.9 percent); while those from France and the Netherlands rose 8.3 percent and 5.1 percent respectively. Also, imports declined from the US (-8.8 percent) and Hong Kong (-14.9 percent), while those from China and Japan went up 0.5 percent and 30.9 percent respectively.
 
Considering January to July, the trade surplus narrowed sharply to CHF 9.01 billion from CHF 15.24 billion in the same period of 2017.


Swiss Customs Administration | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/21/2018 9:30:17 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-21 06:00 AM Balance of Trade CHF2.26B CHF2.72B CHF3.2B
2018-07-19 06:00 AM Balance of Trade CHF1.31B CHF1.24B CHF 3B
2018-08-21 06:00 AM Balance of Trade CHF1.15B CHF1.22B CHF2.5B
2018-09-20 06:00 AM Balance of Trade CHF1.15B CHF1.7B
2018-10-18 06:00 AM Balance of Trade CHF 2.1B
2018-11-20 07:00 AM Balance of Trade


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 1154.26 1217.88 3249.75 -1478.68 CHF million [+]
Exports 18207.92 18765.97 18805.33 245.90 CHF million [+]
Imports 17053.66 17548.09 17979.41 273.20 CHF million [+]
Current Account 18134.28 19679.42 25353.43 -2766.94 CHF Million [+]
Current Account to GDP 9.80 9.40 14.80 -0.60 percent [+]
External Debt 1829754.10 1796783.40 1829754.10 13293.30 CHF Million [+]
Terms of Trade 116.91 117.19 121.41 74.27 Index Points [+]
Capital Flows 11440.23 578.27 44260.29 -53637.28 CHF Million [+]
Foreign Direct Investment 965478.00 842197.00 965478.00 20958.90 CHF Million [+]
Tourist Arrivals 1926.00 1558.00 2145.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.27 0.29 2.03 0.13 [+]
Tourism Revenues 4067.59 3677.75 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1154.26 1217.88 3249.75 -1478.68 1950 - 2018 CHF million Monthly
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balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1154.26 Jul/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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