Switzerland's trade surplus widened to CHF 3.88 billion in March of 2021 from a marginally revised CHF 3.36 billion in the previous month. It was the largest trade surplus since last April, amid an improving global demand. Exports increased by 5.4 percent from a month earlier to CHF 19.89 billion, boosted by higher sales of chemical & pharmaceutical products; machines and electronics; precision instruments, and metals. Among key trade partners, exports increased to China, Singapore, the US, the UK and the EU. Meanwhile, imports rose at a softer 3.2 percent to CHF 16.01 billion led by machines and electronics; metals; textiles, clothing, shoes; food and beverages, and precision instruments. Imports were up from China, the US, Hong Kong, and the EU. Considering the first three months of the year, the trade surplus widened to CHF 11.28 billion from CHF 8.42 billion in the same period of 2020. source: Federal Customs Administration
Balance of Trade in Switzerland averaged 159.85 CHF Million from 1950 until 2021, reaching an all time high of 4213.27 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 May of 2021.
Balance of Trade in Switzerland is expected to be 2700.00 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 80.00 in 12 months time. In the long-term, the Switzerland Balance of Trade is projected to trend around 80.00 CHF Million in 2022 and 2180.00 CHF Million in 2023, according to our econometric models.