Switzerland's trade surplus declined to CHF 2.7 billion in September 2020 from a downwardly revised CHF 3.3 billion in the previous month, as exports fell while imports rose, amid the coronavirus pandemic. Purchases increased 1.9 percent from a month earlier to CHF 15.2 billion led by chemical & pharmaceutical products, vehicles, metals, textiles and footwear, and precision instruments. Imports were up from the Euro Area, Japan, Singapore, but were down from China, the US, and the UK. Meanwhile, exports fell 1.9 percent from a month earlier to CHF 17.9 billion, dragged down by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. Among key trade partners, exports declined to the Euro Area, the US, Japan, Singapore, Hong Kong and the Middle East. Considering the third quarter as a whole, the trade surplus narrowed to CHF 8.2 billion from CHF 9.6 billion in the previous three-month period.

Balance of Trade in Switzerland averaged 138.24 CHF Million from 1950 until 2020, reaching an all time high of 4153.71 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 October of 2020.

Balance of Trade in Switzerland is expected to be 180.00 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 3200.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 80.00 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
2673.00 3298.00 4153.71 -1478.68 1950 - 2020 CHF Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-21 06:00 AM Jun CHF2.8B CHF2.68B CHF 2.5B
2020-08-20 06:00 AM Jul CHF2.58B CHF2.74B CHF3.0B
2020-09-17 06:00 AM Aug CHF3.4B CHF2.49B CHF2.9B
2020-10-20 06:00 AM Sep CHF2.7B CHF3.3B CHF 3.2B
2020-11-19 07:00 AM Oct CHF2.7B
2020-12-17 07:00 AM Nov


News Stream
Switzerland Trade Surplus Narrows in September
Switzerland's trade surplus declined to CHF 2.7 billion in September 2020 from a downwardly revised CHF 3.3 billion in the previous month, as exports fell while imports rose, amid the coronavirus pandemic. Purchases increased 1.9 percent from a month earlier to CHF 15.2 billion led by chemical & pharmaceutical products, vehicles, metals, textiles and footwear, and precision instruments. Imports were up from the Euro Area, Japan, Singapore, but were down from China, the US, and the UK. Meanwhile, exports fell 1.9 percent from a month earlier to CHF 17.9 billion, dragged down by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. Among key trade partners, exports declined to the Euro Area, the US, Japan, Singapore, Hong Kong and the Middle East. Considering the third quarter as a whole, the trade surplus narrowed to CHF 8.2 billion from CHF 9.6 billion in the previous three-month period.
2020-10-20
Swiss Trade Surplus Widens as Exports Rise
Switzerland's trade surplus increased to CHF 3.4 billion in August 2020 from a revised CHF 2.5 billion in the previous month, as exports increased above CHF 18.0 billion for the first time since March, led by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. Among key trade partners, exports were up to the Euro Area, the US, China, Japan, Singapore, Hong Kong and the Middle East. Meanwhile, imports fell 1.8 percent to CHF 14.9 billion dragged by purchases of chemical & pharmaceutical products, machines & electronics, vehicles, textiles and footwear, and precision instruments. Imports were down from the Euro Area, China, Singapore, but were up from the UK, Japan and the US. Considering the first eight months of the year, the trade surplus widened to CHF 23.4 billion from CHF 15.9 billion in the same period of 2019.
2020-09-17
Switzerland Trade Surplus Narrows in July
Switzerland's trade surplus declined slightly to CHF 2.6 billion in July 2020 from a downwardly revised CHF 2.7 billion in the previous month amid the coronavirus pandemic. Exports increased 1.1 percent led by sales of machines & electronics, precision instruments, watches, metals, and food and beverages. Among key trade partners, exports were up to the UK, the US, Japan, Hong Kong and the Middle East. Meanwhile, imports rose at a faster 2.5 percent boosted by purchases of chemical & pharmaceutical products, vehicles, metals, and precision instruments. Imports were up from the Euro Area, the UK, Hong Kong and the US, but were down from China, Japan. Considering the first seven months of the year, the trade surplus widened to CHF 19.9 billion from CHF 14.6 billion in the same period of 2019.
2020-08-20
Swiss Trade Surplus Widens Amid Global Demand Recovery
Switzerland's trade surplus widened slightly to CHF 2.8 billion in June 2020 from a downwardly revised CHF 2.7 billion in the previous month as global demand continued to recover from the coronavirus pandemic. Exports increased 6.9 percent led by sales of chemical & pharmaceutical products, machines & electronics, precision instruments, watches and metals. Among key trade partners, exports were up to the Euro Area, the UK, the US, China, Singapore, Hong Kong and the Middle East. Meanwhile, imports rose at a faster 7.3 percent boosted by purchases of machines & electronics, vehicles, metals, food & beverages and precision instruments. Imports were up from the Euro Area, the UK, Japan, Singapore and the US, but were down from China. Considering the second quarter as a whole, the trade surplus widened to CHF 9.6 billion from CHF 8.4 billion in the previous three-month period.
2020-07-21

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.