Switzerland Balance of Trade

Switzerland recorded a trade surplus of 1672.10 Million CHF in March of 2013. Balance of Trade in Switzerland is reported by the Federal Customs Administration. Historically, from 1950 until 2013, Switzerland Balance of Trade averaged -5.32 Million CHF reaching an all time high of 3265.10 Million CHF in November of 2012 and a record low of -2960.50 Million CHF in February of 2001. 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 includes a chart with historical data for Switzerland Balance of Trade.

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Switzerland Balance of Trade
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Switzerland Trade Surplus Narrows in March
Federal Customs Administration | Nuno Fontes | nuno@tradingeconomics.com  |  4/23/2013 9:49:54 AM


Swiss exports fell in March, dragged down by some ease of momentum in the watch and machinery sectors. Also, there were two fewer working days in the month. Overall, Switzerland ran a merchandise trade surplus of 1.7 billion Swiss francs in March.

Exports from Switzerland fell by a real 2.0 percent in March to 17.69 billion Swiss francs. When adjusted for the smaller number of working days exports rose by a real 7.3 percent, the office said. 

Exports from the machinery and electronics sector, the country's second biggest export category, fell by a real 9.3 percent, while shipments of watches decreased 5.4 percent. 
 
Sales to Europe fell 6.4 percent in March. Switzerland's sales to the 17-nation euro zone were down 5.7 percent in March. 

ARCHIVE
Switzerland Trade Surplus Narrows in February Swiss exports fell in February as pharmaceuticals and machinery industries were hit by weaker global demand and strong Swiss franc. Exports from Switzerland fell by a real 5.3 percent year-on-year in February to 16.145 billion Swiss francs. Adjusted for one working day less than in February last year, exports were down 0.9 percent to 17.2 billion francs. 2013-03-21
Swiss Trade Surplus Widens in February Switzerland's trade surplus reached 2.7 billion francs in February, up from the 1.6 billion francs in January, with the watch industry leading export growth. 2012-03-22
Switzerland Trade Surplus Widens in January Exports from Switzerland rose by a real 3.8 percent year-on-year in January to 16.738 billion Swiss francs, the Federal Customs Office said on Thursday. Overall Switzerland ran a merchandise trade surplus of 2,126 million Swiss francs in January. 2013-02-21
Swiss Exports Declines in December Exports from Switzerland fell in December, hurt by turmoil in the Euro Zone which slashed demand for Swiss goods and drove the franc currency to unfavorably strong levels as investors looked for a safe place to park their money. 2012-02-02
Switzerland Posts Trade Surplus in November Switzerland's trade surplus slightly increased to 2.9 billion Swiss francs, the second largest of the year, the Federal Customs Administration reported. 2012-12-20
Swiss Trade Surplus Rises In November The Swiss trade surplus hit CHF 3 billion in November, the second largest on record, up from CHF 2.16 billion during October. 2011-12-20
Swiss Trade Surplus Widens in October Switzerland's trade surplus widened in October due to a fall in imports, the Federal Customs Administration reported. 2012-12-12
Swiss Trade Surplus Wides in October Switzerland's trade surplus widened in October to CHF 2.2 billion from CHF 1.9 billion a month earlier, data from the Federal Customs Administration showed on November 22nd. 2011-11-22
Swiss Trade Surplus Narrows in April Switzerland's trade surplus fell unexpectedly in April due to a fall in exports, the Federal Customs Administration reported. 2012-05-24



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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