Switzerland Balance of Trade 1950-2014 | Data | Chart | Calendar

Switzerland recorded a trade surplus of 2452.00 CHF million in September of 2014. Balance of Trade in Switzerland averaged 60.13 CHF million from 1950 until 2014, reaching an all time high of 3983.49 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.


Switzerland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2452.00 1331.00 3983.49 -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. Content for - Switzerland Balance of Trade - was last refreshed on Saturday, October 25, 2014.

Switzerland Trade Surplus Widens in September

Switzerland trade surplus widened to CHF 2.45 billion in September of 2014 from CHF 2.25 billion a year earlier, above market expectations, as exports expanded at a faster pace than imports.

In September of 2014, exports increased 4.4 percent year-on-year to CHF 17.52 billion, mainly driven by sales of aircraft and spacecraft (+55.0 percent), rail vehicles (+51 percent), textile machinery (+49.9 percent) and  immunological products (+20.6 percent). Deliveries were also higher for electricity (+14.1 percent), textiles, clothing and footwear (+8.4 percent), cheese (+11.5 percent) and  beverages and tobacco (+2.3 percent) and tobacco (+11.2 percent). Outward shipments shrank for pharmaceutical ingredients (-26.9 percent); non-electric engines (-19.8 percent); office machines (-13.7 percent); paper machine/graphic art industries (-12.6 percent) and jewelry (-10.6 percent).

Sales to the European Union remained unchanged with shipments to Portugal falling the most (-77.5 percent), followed by Belgium (-11.5 percent) and the Netherlands (-11.3 percent). Exports to the US grew 15.8 percent and to Asia rose 6.6 percent. In contrast, sales to Oceania, including Australia, fell 15.2 percent.

Imports grew 3.7 percent year-on-year to CHF 15.07 billion. Inbound shipments increased for almost all product categories except the energy. The energy imports fell 7.6 percent with deliveries of fuels shrinking 20.3 percent. Higher purchases were recorded for capital goods (+9.6 percent), raw materials and semi-finished products (+5.2 percent) and consumer goods (+1.6 percent). 

In August of 2014, the country posted a revised CHF 1.33 billion trade surplus. During January to September period, the total surplus amounted to CHF 21.56 billion.

Swiss Customs Administration l Rida l rida@tradingeconomics.com
10/21/2014 11:49:46 AM

Recent Releases

Switzerland Trade Surplus Falls from Record High
Switzerland trade surplus narrowed to CHF 1.39 billion in August of 2014 from CHF 1.91 billion in the same month a year earlier, as imports expanded at a faster pace than exports and below market expectations. Published on 2014-09-18

Switzerland Trade Surplus Jumps to Record High
Switzerland trade surplus widened to CHF 3.98 billion in July of 2014 from a revised 1.41 billion in a month earlier and from CHF 2.52 billion in the previous year, touching a record high. Exports rose faster than imports driven by a surge in shipments of jewelry and chemical and pharmaceuticals products. Published on 2014-08-21

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 3.98B CHF 1.412B (R) CHF 1.91B CHF 1.41B
2014-09-18 07:00 AM Switzerland
Balance of Trade
Aug 2014 CHF1.39B CHF 3.90B (R) CHF 2.32B CHF 2.3B
2014-10-21 07:00 AM Switzerland
Balance of Trade
Sep 2014 CFH 2.45B CHF 1.33B (R) CFH 2.65B CHF 2.0B
2014-11-20 07:00 AM Switzerland
Balance of Trade
Oct 2014 CFH 2.45B CHF 1.9B

Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 2452.00 1331.00 3983.49 -1478.68 CHF million [+]
Exports 17522.52 14891.46 19383.17 245.90 CHF million [+]
Imports 15070.04 13560.34 17348.96 273.20 CHF million [+]
Current Account 14872.19 14334.58 28384.74 -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 103.58 107.47 115.96 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 1039.99 1040.06 2590.18 1039.99 Tonnes [+]