Switzerland Balance of Trade

Switzerland recorded a trade surplus of 1376.63 CHF million in June of 2014. Balance of Trade in Switzerland averaged 56.77 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. Balance of Trade in Switzerland is reported by the Swiss Customs Administration.


Switzerland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1376.63 2848.86 3366.32 -1478.68 1950 - 2014 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 - Switzerland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Switzerland Trade Surplus Narrows in June

Swiss trade surplus shrank to CHF 1.38 billion in June of 2014, from a revised CHF 2.85 billion in the previous month and CHF 2.64 billion a year earlier. Imports rose faster than exports driven by a surge in purchases of medical products and chemicals.

Exports were recorded at CHF 16.9 billion in June of 2014, increasing 1.2 percent over a year earlier. Sales of chemical and pharmaceutical products increased 2.4 percent, but industrial machinery and electronics products deliveries declined 1.7 percent.

Imports grew 10.5 percent year-on-year to CHF 15.5 billion in June of 2014, driven mostly by higher purchases of medical drugs (+57.1 percent) and chemical products (+6.7 percent).

During the first six months of 2014, exports rose 2.7 percent and imports increased 1.0 percent from a year earlier.

Isabel Felino | isabel.felino@tradingeconomics.com
7/22/2014 10:44:01 AM

Recent Releases

Swiss Trade Surplus Widens to 2-1/2 Year High
Switzerland’s trade surplus increased for the second straight month to CHF 2.8 billion in May of 2014 from CHF 2.2 billion a year earlier. It is the highest trade surplus since November of 2011, as imports fell at a faster pace than exports. Published on 2014-06-24

Switzerland Trade Surplus Widens in April
Swiss trade surplus increased to CHF 2.43 billion in April of 2014 from CHF 1.55 billion a year earlier, as imports fell and exports rose slightly. Published on 2014-05-27

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-24 07:00 AM Switzerland
Balance of Trade
Mar 2014 CHF 2.05B CHF 2.29B (R) CHF 2.14B CHF 1.7B
2014-05-27 07:00 AM Switzerland
Balance of Trade
Apr 2014 CHF 2.425B CHF 1.996B (R) CHF 2.052B CHF 1.8B
2014-06-24 07:00 AM Switzerland
Balance of Trade
May 2014 CHF 2.774B CHF 2.448B (R) CHF 2.707B CHF 1.9B
2014-07-22 07:00 AM Switzerland
Balance of Trade
Jun 2014 CHF 1.377B CHF 2.849B (R) CHF 2.97B CHF 2.82B
2014-08-21 07:00 AM Switzerland
Balance of Trade
Jul 2014 CHF 1.377B CHF 3B

Trade Last Previous Highest Lowest Unit
Balance of Trade 1376.63 2848.86 3366.32 -1478.68 CHF million [+]
Exports 16865.72 17325.19 19383.17 245.90 CHF million [+]
Imports 15489.09 14476.34 17348.96 273.20 CHF million [+]
Current Account 17931.24 22015.41 23123.00 -7228.00 CHF million [+]
Current Account to GDP 13.50 8.50 15.60 -0.60 Percent [+]
External Debt 67160.80 67842.70 75544.10 13136.80 CHF Million [+]
Terms of Trade 103.64 107.47 115.96 74.27 Index Points [+]
Foreign Direct Investment 671551.30 606797.60 671551.30 20958.90 CHF million [+]
Tourist Arrivals 1382.00 1142.00 2028.00 600.00 Thousand [+]
Gold Reserves 1040.06 1040.06 2590.18 1040.06 Tonnes [+]

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