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.


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Switzerland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2212.14 2357.24 3238.22 -1478.68 1950 - 2019 CHF million Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-19 06:00 AM Aug CHF1.15 CHF2.6B CHF2.4B
2019-10-17 06:00 AM Sep CHF2.9B CHF1.11 CHF2.3B
2019-11-19 07:00 AM Oct CHF2.4B CHF3.0B CHF2.8B
2019-12-19 07:00 AM Nov CHF2.2B CHF2.4B CHF1.8B
2020-01-28 07:00 AM Dec CHF2.2B CHF 1.8B


News Stream
2019-11-19
Swiss Trade Surplus Narrows in October
The Swiss trade surplus narrowed to CHF 2.39 billion in October 2019 from an upwardly revised CHF 3.05 billion in the previous month. Exports fell 5.3 percent to CHF 19.34 billion, while imports dropped at a softer 2.4 percent to CHF 16.95 billion. Considering the first ten months of the year, the trade surplus widened to CHF 21.5 billion from CHF 14.9 billion in the same period of 2018.

2019-10-17
Switzerland Posts Largest Trade Surplus in 3 Months
The Swiss trade surplus widened sharply to CHF 2.88 billion in September 2019 from a downwardly revised CHF 1.11 billion in the previous month. This was the largest trade surplus since June, as exports rose while imports fell.

2019-09-19
Swiss Trade Surplus Smallest in Over 1-1/2 Years
The Swiss trade surplus narrowed sharply to CHF 1.2 billion in August 2019 from a downwardly revised CHF 2.6 billion in the previous month. This was the smallest trade surplus since January last year, as exports fell while imports rose.

2019-08-20
Swiss Trade Surplus Narrows in July
The Swiss trade surplus narrowed to CHF 2.7 billion in July 2019 from a revised CHF 3.2 billion in the previous month, as exports fell more than imports. Considering the first seven months of the year, the trade surplus widened sharply to CHF 14.9 billion from CHF 9.6 billion in the same period of 2018.

2019-07-18
Swiss Trade Surplus Largest in Nearly 2-1/2 Years
The Swiss trade surplus widened sharply to CHF 3.3 billion in June 2019 from a downwardly revised CHF 1.5 billion in the previous month. This was the largest trade surplus since January 2017, as exports rose 8.5 percent to CHF 20.4 billion while imports fell 0.8 percent to CHF 17.1 billion. Considering the first half of the year, the trade surplus widened to CHF 12.9 billion from CHF 8.7 billion in the same period of 2018.

2019-06-20
Switzerland Trade Surplus Smallest in 4 Months
The Swiss trade surplus narrowed to CHF 1.7 billion in May 2019 from CHF 1.9 billion in the previous month. This was the smallest trade surplus since January, as exports fell 0.5 percent to CHF 18.9 billion while imports increased 0.9 percent to CHF 17.2 billion. Considering the first five months of the year, the trade surplus widened to CHF 9.2 billion from CHF 6.8 billion in the same period of 2018.


Switzerland Balance of Trade
In 2018, the Swiss trade surplus narrowed 10 percent from the previous year to CHF 31.3 billion, as both imports and exports rose the most since 2010 and reached new records despite the global economic uncertainties. The biggest trade surpluses were recorded with the US, Hong Kong, Japan, South Korea, the Netherlands, Australia, Russia, Canada and Brazil; and the largest deficits were recorded with Germany, Ireland, Italy, the UAE, Austria, China and France.

Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 2212.14 2357.24 3238.22 -1478.68 CHF million [+]
Current Account 18091.41 19214.28 25032.31 -2851.91 CHF Million [+]
Current Account to GDP 10.20 6.70 14.80 -0.60 percent [+]
Imports 16723.15 16911.93 17704.58 273.20 CHF million [+]
Exports 18935.30 19269.17 20399.45 245.90 CHF million [+]
External Debt 1884597.80 1839891.70 1893047.80 768352.30 CHF Million [+]
Terms of Trade 120.05 120.29 127.67 74.27 points [+]
Capital Flows 10028.69 2434.09 45027.22 -54755.04 CHF Million [+]
Foreign Direct Investment 1295914.40 1088433.00 1295914.40 20958.90 CHF Million [+]
Tourist Arrivals 1151.00 1607.00 2278.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 0.19 0.13 2.03 0.13 [+]
Tourism Revenues 5020.43 4301.75 5020.43 999.10 CHF Million [+]
Weapons Sales 243.00 184.00 530.00 18.00 USD Million [+]