Switzerland Balance of Trade

Switzerland recorded a trade surplus of 2615.71 CHF million in February of 2014. Balance of Trade in Switzerland is reported by the Swiss Customs Administration. Balance of Trade in Switzerland averaged 47.56 CHF million from 1950 until 2014, reaching an all time high of 3366.32 CHF million in May of 2011 and a record low of -1478.68 CHF million in August of 1989. Trade has been the key to prosperity in Switzerland. Switzerland's annual trade balance is habitually in arrears, owing to the economy's reliance on large quantities of imported raw materials for industry. Swiss main exports are: medicinal and pharmaceutical products, watches and clocks, machinery for special industry and tools. The country imports mostly machinery, chemicals, vehicles, metals; agricultural products and textiles. European Union is by far its largest trading partner accounting for about 62% of exports and 79% of imports. This page provides - Switzerland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2615.71 2550.39 3366.32 -1478.68 1732.72 | 2014/03 1950 - 2014 CHF million Monthly

TO

Switzerland Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-19 07:00 AM Switzerland
Balance of Trade
Nov 2013 CHF 2.112B CHF 2.429B CHF 2.796B CHF 2.1B
2014-02-06 07:00 AM Switzerland
Balance of Trade
Dec 2013 CHF 0.503B CHF 2.112B CHF 965B CHF 1.8B
2014-02-20 07:00 AM Switzerland
Balance of Trade
Jan 2014 CHF 2.595B CHF 0.521B (R) CHF 1.47B CHF 2B
2014-03-20 07:00 AM Switzerland
Balance of Trade
Feb 2014 CHF 2.62 B CHF 2.55B (R) CHF 2.240B CHF 1.9B
2014-04-24 07:00 AM Switzerland
Balance of Trade
Mar 2014 CHF 2.62 B CHF 1.7B
2014-05-27 07:00 AM Switzerland
Balance of Trade
Apr 2014 CHF 1.8B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 13.50 2012-12-31 8.50 15.60 -0.60 13.77 2013-12-31 Percent [+]
External Debt 67160.80 2013-12-31 67842.70 75544.10 13136.80 66641.29 2014-03-31 CHF Million [+]
Foreign Direct Investment 671551.30 2012-12-31 606797.60 671551.30 20958.90 728069.68 2013-12-31 CHF million [+]
Terms of Trade 106.25 2014-02-15 105.32 115.96 74.27 105.31 2014-03-31 Index Points [+]
Tourist Arrivals 1120.00 2014-01-15 1134.00 2028.00 600.00 1244.59 2014-02-28 Thousand [+]
Current Account 14059.00 2013-11-15 23123.00 23123.00 -7228.00 18087.37 2014-03-31 CHF million [+]
Balance of Trade 2615.71 2014-02-15 2550.39 3366.32 -1478.68 1732.72 2014-03-31 CHF million [+]
Exports 17018.51 2014-02-15 17152.78 19383.17 245.90 17735.81 2014-03-31 CHF million [+]
Imports 14402.80 2014-02-15 14602.39 17348.96 273.20 15653.66 2014-03-31 CHF million [+]
[+]


Swiss Trade Surplus Widens for the Second Straight Month

Switzerland’s trade surplus increased to CHF 2.6 billion, up from CHF 2.5 billion in the previous month and CHF 1.95 billion a year earlier, boosted by higher exports of chemicals and pharmaceuticals and the strongest growth in sales to China in three years.

Exports rose 7 percent on the year to CHF 17 billion. Sales of pharmaceuticals and chemicals went up by a real 20.7 percent, while sales of watches rose 2.9 percent.

Except for Australia, exports rose to all continents, namely to Asia (+7 percent) boosted by a 55 percent rise in sales to China (mainly pharmaceutical products). Shipments to Europe increased 8.6 percent.

Imports rose 3.3 percent on the year to CHF 14.4 billion, due to higher purchases of equipment and consumption goods. Imports from the US and the EU rose 19 percent each. 

Joana Taborda | joana.taborda@tradingeconomics.com
3/20/2014 11:24:14 AM

RECENT RELEASES

Swiss Trade Surplus Widens in January
In January of 2014, Switzerland’s trade surplus increased to CHF 2.59 billion, the highest surplus in the last eight months, boosted by higher exports. The chemicals and pharmaceuticals industry generated half of the export growth. Published on 2014-02-20

Swiss Trade Surplus Narrows to 4-Year Low in December
In December, Switzerland's trade surplus narrowed to 0.5 billion Swiss francs, down from 2.1 billion registered in November as imports grew more than exports. Published on 2014-02-06


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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In January of 2014, Switzerland’s trade surplus increased to CHF 2.59 billion, the highest surplus in the last eight months, boosted by higher exports. The chemicals and pharmaceuticals industry generated half of the export growth.
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