Switzerland Balance of Trade 1950-2015 | Data | Chart | Calendar

Switzerland recorded a trade surplus of 3432.72 CHF million in January of 2015. Balance of Trade in Switzerland averaged 79.91 CHF million from 1950 until 2015, reaching an all time high of 3901 CHF million in July of 2014 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.

      Forecast    
Switzerland Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
3432.72 1514.42 3901.00 -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 - Switzerland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Switzerland Balance of Trade - was last refreshed on Sunday, March 1, 2015.


Switzerland Trade Surplus Increases in January


Switzerland trade surplus widened to CHF 3.43 billion in January of 2015 from CHF 2.52 billion a year earlier as imports declined faster than exports.

In January, exports fell by 4.4 percent year-on-year to CHF 16.40 billion, due to lower sales of active pharmaceuticals ingredients (-24.8 percent); medication (-8.4 percent); pharmaceuticals, vitamins, diagnostics (-7.5 percent). Sales also declined for: essentials oils, flavors and fragrances (-15.3 percent); body color (-12.0 percent); non-electric engines (-46.1 percent); pumps, compressors, etc (-15.5 percent); heating and cooling technology (-1.0 percent); textile machinery (-13.7 percent); machine for paper/graphics industry (-13.5 percent); household appliances (-3.5 percent); electrical and electronic products (-7.8 percent); telecommunications (-37.8 percent); mechanical measuring, testing and control equipment (-6.0 percent); metal products (-6.7 percent); machine elements of metals (-4.1 percent); tools and molding (-11.5 percent); iron and steel (-17.4 percent); coffee (-8.1 percent); beverages (-3.3 percent to CHF 151 million); tobacco brands (-4.7 percent to CHF 52 million); cheese (-7.8 percent); plastics industry (-7.3 percent); textiles, clothing and footwear (-10.0 percent) and paper and printing industry (-19 percent).  

In contrast, exports  increased for: immunological products (+6.4 percent); raw materials and commodities (+22.8 percent); other machine tools (+6.1 percent); office machines (+1.9 percent); medical instruments and apparatus (+2.0 percent); aluminium (+0.7 percent); aircraft and spacecraft (+18.6 percent) and rail vehicles (+35.2 percent).

Sales to the EU countries declined the most by 7.1 percent, followed by the US (-6.0 percent), Japan (-7.3 percent), Latin America (-15.6 percent), Africa (-10.8 percent), Oceania (-2.4 percent) and Russia (-35.9 percent). In contrast, exports increased to China (+23.9 percent), Hong Kong (+10.1 percent) and the Middle East countries (+24.4 percent).

Imports declined by 11.4 percent year-on-year to CHF 12.97 billion. Purchases dropped across the board with those of energy falling the most by 31.0 percent. Among the category, crude oils and commodities declined by 53 percent, followed by fuels (-24 percent) and electrical current (-14.7 percent). Imports of raw materials decreased by 11.4 percent, capital goods (-6.6 percent) and consumption goods (-9.9 percent).

In December 2014, Switzerland registered a CHF 1.52 billion trade surplus.

Swiss Customs Administration l Rida Husna l rida@tradingeconomics.com
2/19/2015 12:02:53 PM


Recent Releases

Switzerland Trade Surplus Widens in December
Switzerland trade surplus increased to CHF 1.51 billion in December of 2014 from CHF 0.43 billion a year earlier as exports surged 7.2 percent. Published on 2015-02-03

Switzerland Trade Surplus Increases in November
Switzerland trade surplus widened to CHF 3.87 billion in November of 2014 from CHF 2.08 billion a year earlier, as imports declined at a faster pace than exports. Published on 2014-12-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-18 07:00 AM
Balance of Trade  Nov
CFH 3.87B CFH 3.22B (R) CFH 2.41B CFH 3B
2015-02-03 07:00 AM
Balance of Trade  Dec
CFH 1.5B CFH 3.795B (R) 1.1B
2015-02-19 07:00 AM
Balance of Trade  Jan
CHF 3.4B CHF 1.5B 2.3B
2015-03-20 07:00 AM
Balance of Trade  Feb
CHF 3.4B 2.5B
2015-04-24 07:00 AM
Balance of Trade  Mar
2.3B
2015-05-27 07:00 AM
Balance of Trade  Apr
2B


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 3432.72 1514.42 3901.00 -1478.68 CHF million [+]
Exports 16403.92 15800.87 19779.06 245.90 CHF million [+]
Imports 12971.20 14286.45 17348.96 273.20 CHF million [+]
Current Account 11158.76 8214.23 28384.74 -7228.00 CHF million [+]
Current Account to GDP 12.30 9.16 15.60 -0.60 percent [+]
External Debt 88278.10 84441.40 88278.10 13136.80 CHF Million [+]
Terms of Trade 108.21 107.09 115.96 74.27 Index Points [+]
Foreign Direct Investment 688084.40 671551.30 688084.40 20958.90 CHF million [+]
Tourist Arrivals 1003.00 1426.00 2045.00 600.00 Thousand [+]
Gold Reserves 1039.99 1039.99 2590.18 1039.99 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -3173.95 Jan/15 293.00 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]