The trade surplus in Switzerland increased to CHF 3 billion in October of 2022, the largest trade surplus since April, from an upwardly revised CHF 2.9 billion in September. Exports declined 1.1% from a month earlier to CHF 22.9 billion, notably for vehicles (-25.7%), watches (-4.3%), machinery & electronics (-2.8%) and metals (-2.7%). Sales grew mainly to Canada (41.7%), the US (7.3%), Italy (26.5%) and Singapore (13.3%). In contrast, sales fell to Austria (-46.2%), Spain (-23.2%), Slovenia (-9.7%), Japan (-8.9%) and China (-8.5%). Meanwhile, imports shrank 1.4% to CHF 20 billion, namely chemicals and pharmaceuticals (-8.8%). Imports were up from Belgium (22.8%), Japan (31.1%) and China (5.5%), while dropped from Slovenia (-26.5%), Spain (-16%) and Singapore (-27.9%). source: Federal Customs Administration
Balance of Trade in Switzerland averaged 232.14 CHF Million from 1950 until 2022, reaching an all time high of 5406.62 CHF Million in February of 2022 and a record low of -1452.84 CHF Million in January of 1990. 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 December of 2022.
Balance of Trade in Switzerland is expected to be 2580.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Balance of Trade is projected to trend around 2660.00 CHF Million in 2023 and 2060.00 CHF Million in 2024, according to our econometric models.