Switzerland Balance of Trade  1950-2016 | Data | Chart | Calendar

Swiss trade surplus increased to CHF2.54 billion in December of 2015 from CHF1.455 billion a year earlier but below market consensus, as exports rose 1.9 percent while imports fell by 5.6 percent. For full year of 2015, trade surplus reached CHF36.61 billion, the largest on record as exports dropped by 2.6 percent to CHF202.90 billion while imports fell by 6.9 percent to CHF166.29 billion. Balance of Trade in Switzerland averaged 120.52 CHF million from 1950 until 2015, reaching an all time high of 4086 CHF million in October of 2015 and a record low of -1478.68 CHF million in August of 1989. Balance of Trade in Switzerland is reported by the Swiss Customs Administration.

Switzerland Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
2544.00 3159.00 4086.00 -1478.68 1950 - 2015 CHF million Monthly
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 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 - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-19 07:00 AM Oct SF4.16B SF3.25B SF3.4B SF3.2B
2015-12-22 07:00 AM Nov SF3.14B SF4.08B SF3.82B SF3.26B
2016-01-26 07:00 AM Dec CHF2.54B CHF3.16B CHF3.33B CHF3.3B
2016-02-18 07:00 AM Jan CHF2.54B 3.2B
2016-03-22 07:00 AM Feb 3.2B
2016-04-21 06:00 AM Mar 3.1B

Switzerland Trade Surplus Widens in December


Switzerland trade surplus increased to CHF2.54 billion in December of 2015 from CHF1.45 billion a year earlier but below market consensus, as exports rose 1.9 percent while imports fell by 5.6 percent. For full year of 2015, trade surplus stood at CHF36.61 billion, the largest on record.

Year-on-year, outbond shipments increased by 1.9 percent to CHF16.14 billion in December, following an upwardly revised CHF18.33 billion in a month earlier. Sales rose for: chemical and pharmaceutical industry (+17.4 percent); pharmaceutical, vitamins, diagnostics (+20.3 percent); agro-chemical products (+5.5 percent); raw materials and commodities (+16.0 percent), color body (+3.1 percent) and textiles (+2.0 percent). In contrast, sales fell for: unshaped plastics (-7.1 percent); essential oils, fragrance and aromas (+7.6 percent); machinery and electronics industry (-7.8 percent); machinery industry (-7.9 percent); electrical engineering and electronics (-7.6 percent); watchmaking (-3.8 percent); precision instruments (-5.1 percent); metalurgy (-6.2 percent); costumes and jewelry (-17.2 percent); food and beverages (-4.6 percent); vehicles (-18.1 percent); plastics industry (-4.3 percent) and paper and graphic arts (-8.0 percent).

While exports to Europe remained unchanged, those to the EU countries rose by 0.7 percent. Sales also rose to Asia (+3.5 percent), North America (+7.6 percent, including to the US +5.8 percent) and Oceania (+6.4 percent). In contrast, outbond shipments fell to the Middle East countries (-8.8 percent), Latin America (-4.2 percent) and Africa (-4.9 percent).

Imports fell by 5.6 percent to CHF 15.11 billion, after registering an upwardly revised CHF 15.16 billion in the preceding month. Purchases dropped for all categories: consumer goods (-2.3 percent), capital goods (-6.6 percent), raw materials (-6.7 percent) and energy sources (-22.0 percent, including crude oils and basic products (-52.8 percent) and fuels (-18.6 percent).

In November, the country registered an upwardly revised CHF3.16 billion trade surplus, the highest on record.

January to December 2015, exports dropped by 2.6 percent to CHF202.90 billion while imports fell by 6.9 percent to CHF166.29 billion. 

Seco l Rida Husna | rida@tradingeconomics.com
1/26/2016 8:20:52 AM

Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 2544.00 3159.00 4086.00 -1478.68 CHF million [+]
Exports 16143.00 18326.00 19778.73 245.90 CHF million [+]
Imports 13599.00 15167.00 17348.96 273.20 CHF million [+]
Current Account 22973.60 21684.50 25252.90 -1870.49 CHF Million [+]
Current Account to GDP 7.00 12.70 15.60 -0.60 percent [+]
External Debt 136385.90 102255.70 136385.90 13136.80 CHF Million [+]
Terms of Trade 110.19 108.76 116.60 74.27 Index Points [+]
Capital Flows 42388.90 51426.53 62518.90 -49986.80 CHF Million [+]
Foreign Direct Investment 755784.60 697722.60 755784.60 20958.90 CHF Million [+]
Tourist Arrivals 1677.00 1420.00 2056.00 600.00 Thousand [+]
Gold Reserves 1039.99 1040.00 2590.18 1039.99 Tonnes [+]
Terrorism Index 1.35 2.03 2.03 0.13 [+]




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