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Swiss Trade Surplus Widens in April
Switzerland's trade surplus widened to CHF 3.2 billion in April 2026 from a downwardly revised and more-than-two-year low of CHF 2.6 billion in the previous month. Exports edged up 0.1% month-over-month to a three-month high of CHF 22.3 billion, as the decline in chemical and pharmaceutical products (-3.1%) was offset by stronger shipments of machinery, electronics and equipment (5.5%) and watches (5%). By destination, exports to Asia climbed 9.8%, while shipments to North America surged 16.2%. However, exports to Europe slumped by 11.6%, with shipments to EU countries falling 12.3%. Meanwhile, imports dropped 3.0% month-over-month to CHF 19.0 billion, mainly due to lower purchases of chemical and pharmaceutical products (-16.2%) and food, feed, and beverages (-1.3%). By region, the decline was led by lower imports from Europe (-1.1%), while arrivals from North America (7%) and Asia (4.4%) posted growth.
Published on 2026-06-02

Swiss Trade Surplus Widens in April
Switzerland's trade surplus widened to CHF 3.2 billion in April 2026 from a downwardly revised and more-than-two-year low of CHF 2.6 billion in the previous month. Exports edged up 0.1% month-over-month to a three-month high of CHF 22.3 billion, supported by stronger shipments of machinery, electronics and equipment (+5.5%) and watches (+5.0%), despite a notable decline in chemical and pharmaceutical products (-3.1%). By destination, exports to Asia rose 9.8%, while shipments to North America surged 16.2%. However, exports to Europe fell sharply by 11.6%, with shipments to EU countries declining 12.3%. Meanwhile, imports dropped 3.0% month-over-month to CHF 19.0 billion, mainly due to lower purchases of chemical and pharmaceutical products (-16.2%) and food, feed, and beverages (-1.3%). Geographically, the decline was driven by reduced imports from Europe (-1.1%). Conversely, imports from North America increased 7.0%, while those from Asia rose 4.4%.
Published on 2026-06-02

Swiss Trade Surplus Widens in April
Switzerland's trade surplus widened to CHF 3.2 billion in April 2026 from a downwardly revised and more-than-two-year low of CHF 2.6 billion in the previous month. Exports edged up 0.1% month-over-month to a three-month high of CHF 22.3 billion, supported by stronger shipments of machinery, electronics and equipment (+5.5%) and watches (+5.0%), despite a decline in chemical and pharmaceutical products (-3.1%). By destination, exports to Asia rose 9.8%, while shipments to North America surged 16.2%. However, exports to Europe fell sharply by 11.6%, with shipments to EU countries declining 12.3%. Meanwhile, imports dropped 3.0% month-over-month to CHF 19.0 billion, mainly due to lower purchases of chemical and pharmaceutical products (-16.2%) and food, feed, and beverages (-1.3%). Geographically, the decline was driven by reduced imports from Europe (-1.1%). Conversely, imports from North America increased 7.0%, while those from Asia rose 4.4%.
Published on 2026-06-02

Swiss Trade Surplus Smallest Since 2024
Switzerland’s trade surplus narrowed to CHF 2.7 billion in March 2026, from a downwardly revised six-month high of CHF 4.4 billion in the prior month. It marked the smallest surplus since February 2024, as imports climbed 10.1% month-on-month to a four-month high of CHF 19.6 billion, driven mainly by higher purchases of chemical and pharmaceutical products (36.1%) and machinery, electronics and equipment (1.6%). Imports rose the most from Europe (9.5%) and Asia (4.2%). Meanwhile, exports rose just 1% to CHF 22.4 billion, with watch shipments slipping 5.4% as the sector grappled with disruptions in the Middle East and persistently high precious metal costs. Regionally, exports to Europe (5.8%) and Asia (6.2%) increased, while shipments to North America dropped 16.2%, driven by a 15.9% fall in exports to the US after a strong 17.9% growth in February. For the Q1 2026, Switzerland recorded a trade surplus of CHF 110.95 billion, with exports falling 4.2% and imports declining 4.7%.
Published on 2026-04-21

Swiss Trade Surplus Smallest Since 2024
Switzerland’s trade surplus narrowed to CHF 2.7 billion in March 2026, from a downwardly revised six-month high of CHF 4.4 billion in the prior month. It was the smallest surplus since February 2024, as imports climbed 10.1% month-on-month to a four-month high of CHF 19.6 billion, driven mainly by higher purchases of chemical and pharmaceutical products (36.1%) and machinery, electronics and equipment (1.6%). Imports rose the most from Europe (9.5%) and Asia (4.2%). Meanwhile, exports rose only 1% to CHF 22.4 billion, as gains in chemical and pharmaceutical products (3.6%) were offset by declines in machinery, electronics and equipment (–2.9%) and watches (–5.4%). Regionally, exports to Europe (5.8%) and Asia (6.2%) increased, while shipments to North America dropped 16.2%, driven by a 15.9% fall in exports to the US after a strong 17.9% growth in February. For the Q1 2026, Switzerland recorded a trade surplus of CHF 110.95 billion, with exports falling 4.2% and imports declining 4.7%.
Published on 2026-04-21

Swiss Trade Surplus Smallest Since 2024
Switzerland’s trade surplus narrowed to CHF 2.7 billion in March 2026, from a downwardly revised six-month high of CHF 4.4 billion in the prior month. It marked the smallest surplus since February 2024, as imports climbed 10.1% month-on-month to a four-month high of CHF 19.6 billion, driven mainly by higher purchases of chemical and pharmaceutical products (36.1%) and machinery, electronics and equipment (1.6%). Imports rose the most from Europe (9.5%) and Asia (4.2%). Meanwhile, exports rose 1% to CHF 22.4 billion, as declines in machinery, electronics and equipment (–2.9%) and watches (–5.4%) were offset by gains in chemical and pharmaceutical products (3.6%). Regionally, exports to Europe (5.8%) and Asia (6.2%) increased, while shipments to North America dropped 16.2%, driven by a 15.9% fall in exports to the US after a strong 17.9% growth in February. For the Q1 2026, Switzerland recorded a trade surplus of CHF 110.95 billion, with exports falling 4.2% and imports declining 4.7%.
Published on 2026-04-21

Swiss Trade Surplus Smallest Since 2024
Switzerland’s trade surplus narrowed to CHF 2.7 billion in March 2026, from a downwardly revised six-month high of CHF 4.4 billion in the prior month. It marked the smallest surplus since February 2024, as imports climbed 10.1% month-on-month to a four-month high of CHF 19.6 billion, driven mainly by higher purchases of chemical and pharmaceutical products (36.1%) and machinery, electronics and equipment (1.6%). Imports rose the most from Europe (9.5%) and Asia (4.2%). Meanwhile, exports rose 1% to CHF 22.4 billion, as declines in machinery, electronics and equipment (–2.9%) and watches (–5.4%) were offset by gains in chemical and pharmaceutical products (3.6%). Regionally, exports to Europe (5.8%) and Asia (6.2%) increased, while shipments to North America dropped 16.2%, driven by a 15.9% fall in exports to the US after a strong 17.9% growth in February. For the Q1 2026, Switzerland recorded a trade surplus of CHF 110.95 billion, with exports falling 4.2% and imports declining 4.7%.
Published on 2026-04-21

Swiss Trade Surplus at 6-Month High
Switzerland’s trade surplus widened to CHF 4.4 billion in February 2026, from a downwardly revised CHF 3.5 billion in January, marking the largest surplus since August 2025. Exports fell 2.7% month-over-month to CHF 22.2 billion, with declines recorded in nine of the ten main product groups. The largest drops were in chemical and pharmaceutical products (-3.1%) and machinery, electronics, and equipment (-2.6%), while watch exports (1.3%) were the only segment showing growth and continuing a five-month upward trend. Regionally, exports to Europe (-3.5%) and Asia (-12%) declined, while exports to North America surged 19.4%, led by the US (21.2%). Meanwhile, imports dropped even more sharply, falling 8.3% month-on-month to CHF 17.8 billion, primarily weighed down by a 23.5% slump in chemical and pharmaceutical products. Imports contracted across all major regions, namely Europe (-10.4%), North America (-27.7%), and Asia (-8.9%).
Published on 2026-03-19

Swiss Trade Surplus at 6-Month High
Switzerland’s trade surplus widened to CHF 4.4 billion in February 2026, up from a downwardly revised CHF 3.5 billion in January, marking the largest surplus since August 2025. Exports fell 2.7% month-over-month to CHF 22.2 billion, with declines recorded in nine of the ten main product groups. The largest drops were in chemical and pharmaceutical products (-3.1%) and machinery, electronics, and equipment (-2.6%), while watch exports (1.3%) were the only segment showing growth and continuing a five-month upward trend. Regionally, exports to Europe (-3.5%) and Asia (-12%) declined, while exports to North America surged 19.4%, led by the US (21.2%). Meanwhile, imports dropped even more sharply, falling 8.3% month-on-month to CHF 17.8 billion, primarily weighed down by a 23.5% slump in chemical and pharmaceutical products. Imports contracted across all major regions, namely Europe (-10.4%), North America (-27.7%), and Asia (-8.9%).
Published on 2026-03-19

Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in December, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, driven mainly by chemical and pharmaceutical exports, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased (2.0%). By destination, shipments to Europe went up 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Specifically, exports to the US dropped 7.1%, despite a tariff cut on Swiss goods from 39% to 15% in mid-November. Meanwhile, imports decreased 0.9% to CHF 19.4 billion, largely due to reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe fell 0.2%, with purchases from Eurozone dropping 1.3% and those from non-Eurozone down 8.6%.
Published on 2026-02-19

Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in the previous month, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, largely due to higher sales of chemical and pharmaceutical products, which rose 4.9% after a 10.6% drop in December. Exports of machinery, electronics, and equipment also increased 2.0%. Meanwhile, imports fell 0.9% to CHF 19.4 billion, dragged mainly by reduced purchases of machinery, electronics, and equipment (-1.1%), which offset a modest rise in imports of chemical and pharmaceutical products (0.1%).
Published on 2026-02-19

Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in the previous month, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, largely due to higher sales of chemical and pharmaceutical products, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased 2.0%. Shipments to Europe rose 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Meanwhile, imports fell 0.9% to CHF 19.4 billion, dragged mainly by reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe dropped (-0.2%), with Eurozone countries falling 1.3% and non-EU countries down 8.6%.
Published on 2026-02-19

Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in the previous month, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, largely due to higher sales of chemical and pharmaceutical products, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased 2.0%. Shipments to Europe rose 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Meanwhile, imports fell 0.9% to CHF 19.4 billion, dragged mainly by reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe dropped (-0.2%), with Eurozone countries falling 1.3% and non-EU countries down 8.6%.
Published on 2026-02-19

Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in the previous month, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, largely due to higher sales of chemical and pharmaceutical products, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased (2.0%). By destination, shipments to Europe went up 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Meanwhile, imports decreased 0.9% to CHF 19.4 billion, dragged mainly by reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe fell 0.2%, with purchases from Eurozone countries dropping 1.3% and those from non-EU countries down 8.6%.
Published on 2026-02-19

Swiss Trade Surplus Expands in January
Switzerland’s trade surplus widened to CHF 3.6 billion in January 2026, from a downwardly revised CHF 2.9 billion in December, as exports rose while imports decreased. Exports grew 2.3% month-on-month to CHF 23.0 billion, driven by chemical and pharmaceutical exports, which rose 4.9% after a 10.6% decline in December. Exports of machinery, electronics, and equipment also increased (2.0%). By destination, shipments to Europe went up 5.3%, while exports to Asia (-3.5%) and North America (-7.2%) dropped. Specifically, exports to the US dropped 7.1%, despite a tariff cut on Swiss goods from 39% to 15% in mid-November. Meanwhile, imports decreased 0.9% to CHF 19.4 billion, dragged mainly by reduced purchases of machinery, electronics, and equipment (-1.1%) and vehicles (-6.2%), which offset a modest rise in chemical and pharmaceutical imports (0.1%). Imports from Europe fell 0.2%, with purchases from Eurozone countries dropping 1.3% and those from non-EU countries down 8.6%.
Published on 2026-02-19

Swiss Trade Surplus Narrows in December
Switzerland’s trade surplus narrowed to CHF 3 billion in December 2025, from an upwardly revised CHF 3.9 billion in November. Imports fell 1% month-on-month to CHF 19.5 billion, driven by a decline in chemical and pharmaceutical products (-1.4%), which offset gains in machinery, electronics, and equipment (1.3%) and food, feed, and luxury food products (1.1%). Imports from Europe decreased 2%, with Eurozone countries down 1.4% and non-Eurozone countries falling 3.5%. Meanwhile, exports dropped 4.5% month-on-month to CHF 22.5 billion, primarily due to lower sales of chemical and pharmaceutical products, which fell 10.7%. Exports to the US declined 22.4%, reversing a 7.6% gain in November. However, US-bound exports for 2025 still rose 3.9% to hit a record CHF 54.7 billion, despite President Trump’s 39% tariff, which was the highest among advanced economies. For the full year, Switzerland’s trade surplus reached CHF 54.3 billion, with exports increasing 1.4% and imports rising 4.5%.
Published on 2026-01-29

Swiss Trade Surplus Narrows in December
Switzerland’s trade surplus narrowed to CHF 3 billion in December 2025, from an upwardly revised CHF 3.9 billion in November. Imports fell 1% month-on-month to CHF 19.5 billion, driven by a decline in chemical and pharmaceutical products (-1.4%), which offset gains in machinery, electronics, and equipment (1.3%) and food, feed, and luxury food products (1.1%). Imports from Europe decreased 2%, with Eurozone countries down 1.4% and non-Eurozone countries falling 3.5%. Meanwhile, exports dropped 4.5% month-on-month to CHF 22.5 billion, primarily due to lower sales of chemical and pharmaceutical products, which fell 10.7%. Exports to the US declined 22.4%, reversing a 7.6% gain in November. However, US-bound exports for 2025 still rose 3.9% to hit a record CHF 54.7 billion, despite President Donald Trump’s tariffs, which were the highest among advanced economies. For the full year, Switzerland’s trade surplus reached CHF 54.3 billion, with exports increasing 1.4% and imports rising 4.5%.
Published on 2026-01-29

Swiss Trade Surplus Largest in 3 Months
Switzerland's trade surplus widened to CHF 3 billion in November 2025, from a downwardly revised CHF 2.5 billion in the previous month. This marked the largest surplus since August, as exports rose 1.6% month-over-month to CHF 22.8 billion, led by higher sales of chemical and pharmaceutical products (1.5%), machinery and electronics (1.5%), and watches (0.3%). Exports to the US grew 7.6%, rebounding from a 6.9% drop in October, following a recent Swiss-US agreement that cut US tariffs from 39% to 15% in exchange for a $200 billion investment pledge from Swiss companies and improved market access for certain American agricultural products. Meanwhile, imports fell 0.8% month-on-month to CHF 19.8 billion, mainly due to lower purchases of chemical and pharmaceutical products (–6.4%) and food and luxury food products (–1.2%). Imports from Europe declined 1.3%, with Eurozone countries down 1.4% and non-Eurozone countries falling 4.2%.
Published on 2025-12-18

Swiss Trade Surplus Largest in 3 Months
Switzerland's trade surplus widened to CHF 3 billion in November 2025, from a downwardly revised CHF 2.5 billion in the previous month. This marked the largest surplus since August, as exports rose 1.6% month-over-month to CHF 22.8 billion, led by higher sales of chemical and pharmaceutical products (1.5%), machinery and electronics (1.5%), and watches (0.3%). Exports to the US grew 7.6%, rebounding from a 6.9% drop in October, following a Swiss-US agreement on November 14 that cut US tariffs to 15% from 39% in exchange for a $200 billion investment pledge from Swiss companies and easier market access for certain American agricultural products. Meanwhile, imports fell 0.8% month-on-month to CHF 19.8 billion, mainly due to lower purchases of chemical and pharmaceutical products (–6.4%) and food and luxury food products (–1.2%). Imports from Europe declined 1.3%, with Eurozone countries down 1.4% and non-Eurozone countries falling 4.2%.
Published on 2025-12-18

Swiss Trade Surplus Largest in 3 Months
Switzerland's trade surplus widened to CHF 3 billion in November 2025, from a downwardly revised CHF 2.5 billion in the previous month. This marked the largest surplus since August, as exports rose 1.6% month-over-month to CHF 22.8 billion, led by higher sales of chemical and pharmaceutical products (1.5%), machinery and electronics (1.5%), and watches (0.3%). Exports to the US grew 7.6%, rebounding from a 6.9% drop in October, following a recent Swiss-US agreement that cut US tariffs from 39% to 15% in exchange for a $200 billion investment pledge from Swiss companies and improved market access for certain American agricultural products. Meanwhile, imports fell 0.8% month-on-month to CHF 19.8 billion, mainly due to lower purchases of chemical and pharmaceutical products (–6.4%) and food and luxury food products (–1.2%). Imports from Europe declined 1.3%, with Eurozone countries down 1.4% and non-Eurozone countries falling 4.2%.
Published on 2025-12-18