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%). source: Federal Customs Administration

Switzerland recorded a trade surplus of 4445 CHF Million in February of 2026. Balance of Trade in Switzerland averaged 385.60 CHF Million from 1950 until 2026, reaching an all time high of 6191.10 CHF Million in April of 2025 and a record low of -1452.80 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 March of 2026.

Switzerland recorded a trade surplus of 4445 CHF Million in February of 2026. Balance of Trade in Switzerland is expected to be 4500.00 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 5500.00 CHF Million in 2027 and 2500.00 CHF Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-19 07:00 AM
Balance of Trade
Jan CHF3.6B CHF2.9B CHF3.3B
2026-03-19 07:00 AM
Balance of Trade
Feb CHF4.4B CHF3.5B CHF4.0B
2026-04-21 06:00 AM
Balance of Trade
Mar CHF4.4B CHF 4.5B


Related Last Previous Unit Reference
Balance of Trade 4445.00 3463.00 CHF Million Feb 2026
Exports 22206.00 22826.00 CHF million Feb 2026
Imports 17761.00 19363.00 CHF million Feb 2026
Terms of Trade 99.90 100.60 points Feb 2026


Switzerland Balance of Trade
Switzerland has been running consistent trade surpluses. The biggest trade surpluses are recorded with the US, India, the UK, China, Hong Kong, Japan and Singapore; and the largest deficits were recorded with the UAE, Germany, Ireland, Italy and Thailand.
Actual Previous Highest Lowest Dates Unit Frequency
4445.00 3463.00 6191.10 -1452.80 1950 - 2026 CHF Million Monthly
SA

News Stream
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%).
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%.
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%.
2026-01-29