Switzerland Balance of Trade  1950-2016 | Data | Chart | Calendar

Switzerland trade surplus decreased to CHF2.16 billion in March of 2016 from CHF2.36 billion a year earlier. It is the lowest trade surplus since December 2015 as exports fell while imports rose. Year-on-year, exports dropped by 1.2 percent to CHF17.81 billion. In contrast, imports rose 4.3 percent to CHF15.65 billion. In February, trade surplus was marginally revised to CHF4.02 billion. Considering the first quarter of 2016, exports fell by 1.4 percent to CHF51.78 billion while imports decreased by 1.8 percent to CHF42.13 billion. That brought the trade surplus at CHF9.6 billion. Balance of Trade in Switzerland averaged 131.74 CHF million from 1950 until 2016, reaching an all time high of 4022 CHF million in February of 2016 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
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Actual Previous Highest Lowest Dates Unit Frequency
2163.00 4022.00 4022.00 -1478.68 1950 - 2016 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 the latest reported value for - Switzerland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Switzerland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-18 07:00 AM Jan CHF 3.513B CHF2.59B CHF 2.67B CHF 3.2B
2016-03-22 07:00 AM Feb CHF4.07B CHF 3.51B CHF 2.88B CHF 3.2B
2016-04-21 06:00 AM Mar CHF2.16B CHF4.02B CHF 3B
2016-05-24 06:00 AM Apr CHF2.16B 3B
2016-06-21 06:00 AM May 3.3B
2016-07-21 06:00 AM Jun 3.1B

Switzerland Trade Surplus Narrows in March


Switzerland trade surplus decreased to CHF2.16 billion in March of 2016 from CHF2.36 billion a year earlier as exports fell while imports rose.

Year-on-year, exports dropped by 1.2 percent to CHF17.81 billion. Sales declined for: chemicals and pharmaceuticals (-0.2 percent), watches (-16.8 percent), precision instruments (-1.7 percent) and vehicles (-13.5 percent). In contrast, outbound shipments rose for: machinery and electronics (+2.9 percent), metals (+4.1 percent), costume & jewelry (+5.5 percent), good & beverages (+8.1 percent), plastics (+1.8 percent); textiles, clothing, footwear (+7.8 percent) and paper and graphic products (+1.8 percent).

While sales fell to Africa (-10.5 percent), those to the EU countries grew by 4.8 percent, followed by Asia (+3.4 percent, including to China: +8.2 percent, Singapore: +21.4 percent and Vietnam: +35.8 percent), the Middle East (+10.0 percent), North America (+4.1 percent, including to the US: +2.0 percent)) and Oceania (+23.7 percent). 

Imports rose 4.3 percent to CHF15.65 billion, mainly driven by chemicals and pharmaceuticals (+22.4 percent), nachine and electronics (+1.1 percent), vehicles (+3.5 percent), metals (+4.1 percent), food & beverages (+1.5 percent); textiles, clothing, footwear (+0.9 percent), precision instruments (+2.2 percent), watches (+6.0 percent) and plastics (+4.3 percent). In contrast, inbound shipments dropped for: costumes & jewelry (-24.9 percent) and paper and graphic products (-1.0 percent).

In February, trade surplus was marginally revised to CHF4.02 billion, the highest on record.

Considering the first quarter of 2016, exports fell by 1.4 percent to CHF51.78 billion while imports decreased by 1.8 percent to CHF42.13 billion. That brought the trade surplus at CHF9.6 billion. During the same period in 2015, trade surplus was at CHF7.9 billion.


AFD l Rida Husna | rida@tradingeconomics.com
4/21/2016 8:56:59 AM

Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 2163.00 4022.00 4022.00 -1478.68 CHF million [+]
Exports 17809.00 17647.60 19778.73 245.90 CHF million [+]
Imports 15646.00 13625.50 17348.96 273.20 CHF million [+]
Current Account 15908.00 22811.00 25252.90 -1870.49 CHF Million [+]
Current Account to GDP 7.00 12.70 15.60 -0.60 percent [+]
External Debt 141988.10 137392.60 141988.10 13136.80 CHF Million [+]
Terms of Trade 116.67 115.09 116.67 74.27 Index Points [+]
Capital Flows 8202.79 13153.29 44790.33 -54646.24 CHF Million [+]
Foreign Direct Investment 755784.60 697722.60 755784.60 20958.90 CHF Million [+]
Tourist Arrivals 1677.00 1420.00 2056.00 600.00 Thousand [+]
Gold Reserves 1039.99 1039.99 2590.18 1039.99 Tonnes [+]
Terrorism Index 1.35 2.03 2.03 0.13 [+]




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