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

Switzerland recorded a trade surplus of 3433 CHF million in May of 2015. Balance of Trade in Switzerland averaged 93.09 CHF million from 1950 until 2015, reaching an all time high of 3894.91 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.

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Switzerland Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
3433.00 2658.00 3894.91 -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. Content for - Switzerland Balance of Trade - was last refreshed on Tuesday, July 7, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-23 07:00 AM Mar CHF 2.52B CHF 2.31B (R) CHF 2.16B CHF 2.3B
2015-05-28 07:00 AM Apr CHF 2.85B CHF 2.49B (R) CHF 2.77B CHF 2B
2015-06-18 07:00 AM May CHF3.43B CHF 2.66B (R) CHF 2.7B
2015-07-22 07:00 AM Jun CHF3.43B CHF 2.1B
2015-08-21 07:00 AM Jul CHF 2.8B
2015-09-18 07:00 AM Aug CHF 2.4B


Switzerland Trade Surplus at 6-Month High


Switzerland trade surplus increased to CHF3.43 billion in May of 2015 from CHF2.87 billion a year earlier and beating market forecasts. It is the largest surplus since November last year, as imports fell more than exports.

In May, exports declined by 11.0 percent year-on-year to CHF 15.46 billion, as sales fell for most of goods except costume & jewelry. Outbond shipments of chemicals and pharmaceutical industry decreased by 13..7 percent, including, pharmaceuticals, vitamin, diagnostics (-14.8 percent), medication (-20.5 percent), active pharmaceutical ingredients (-23.4 percent), raw materials and commdities (-3.2 percent), unshaped plastics (-14.2 percent), essential oils & perfume (-16.1 percent) and color body (-4.3 percent). Outbond shipments also fell for: machinery and electronic industry (-2.2 percent); engineering industries (-10.9 percent); electrical engineering and electronics (-15.6 percent); watchmaking (-8.9 percent); precision instruments (-11.1 percent); metallurgy (-13.4 percent); food and luxury items (-12.3 percent); rolling stocks (-9.8 percent); plastics industry (-16.9 percent); textiles, clothing, footwear (-6.0 percent) and paper and graphic arts (-21.3 percent). In contrast, exports  increased for: costume & jewelry (+11.9 percent).

Sales declined to China (-1.9 percent), India (-5.8 percent), the EU countries (-15.8 percent), the US (-7.9 percent), Hong Kong (-26.7 percent), Russia (-35.0 percent), Africa (-21.2 percent) and Oceania (-20.1 percent). In contrast, exports increased to Asia (+1.0 percent), the Middle East countries (+5.4 percent), Japan (+37.4 percent), South Korea (+4.1 percent) and Vietnam (+16.1 percent).

Imports dropped by 17.0 percent year-on-year to CHF 12.03 billion. Purchases fell for all categories:  energy sources (-28.6 percent, including crude oils and basic products (- 83.7 percent) and fuels (+4.8 percent). Imports of consumer goods declined by 18.6 percent, capital goods (-12.5 percent) and raw materials (-15.1 percent).
In April 2015, Switzerland registered a revised CHF 2.66 billion trade surplus.

Swiss Customs Administration l Rida Husna l rida@tradingeconomics.com
6/18/2015 10:44:08 AM


Recent Releases

Switzerland Trade Surplus Widens in April
Switzerland trade surplus increased to CHF2.86 billion in April of 2015 from CHF2.55 billion a year earlier and beating market forecasts, as imports fell more than exports.
Published on 2015-05-28

Switzerland Trade Surplus Increases in March
Switzerland trade surplus widened to CHF 2.52 billion in March of 2015 from CHF 2.07 billion a year earlier as exports grew more than imports.
Published on 2015-04-23

Switzerland Trade Surplus Widens in February
Switzerland trade surplus increased slightly to CHF 2.47 billion in February of 2015 from CHF 2.36 billion a year earlier as imports declined more than exports.
Published on 2015-03-19

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.
Published on 2015-02-19


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 3433.00 2658.00 3894.91 -1478.68 CHF million [+]
Exports 15458.88 16293.60 19779.06 245.90 CHF million [+]
Imports 12025.55 13437.64 17348.96 273.20 CHF million [+]
Current Account 13741.68 17343.31 28384.74 -7228.00 CHF million [+]
Current Account to GDP 7.00 12.70 15.60 -0.60 percent [+]
External Debt 102536.70 102689.00 102689.00 13136.80 CHF Million [+]
Terms of Trade 103.71 112.12 115.96 74.27 Index Points [+]
Foreign Direct Investment 688084.40 671551.30 688084.40 20958.90 CHF million [+]
Tourist Arrivals 1159.00 1318.00 2056.00 600.00 Thousand [+]
Gold Reserves 1040.00 1040.00 2590.18 1040.00 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]