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

Switzerland recorded a trade surplus of 1386.00 CHF million in August 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
1386.00 3901.00 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 Thursday, October 2, 2014.


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.

In July of 2014, the country posted a revised record high trade surplus of CHF 3.90 billion.

In August of 2014, exports increased 0.5 percent year-on-year to CHF 14.9 billion, mainly driven by sales of gold and silver (+78.2 percent). Deliveries were also higher for textiles, clothing and footwear (+6.7 percent), food, beverages and tobacco (+2.3 percent) and chemical and pharmaceutical industry (+1.8 percent). Outward shipments shrank for vehicles (-19.7 percent), pulp, paper and graphic arts (-13.6 percent); industrial machinery and electronics (-7.5 percent); plastic industry (-7.2 percent); precision instruments (-5.0 percent); metallurgical industry (-0.6 percent) and watch industry (-0.3 percent).

Sales to the European Union countries declined 2.3 percent with those to Greece falling the most (-19 percent), followed by to Austria (-18.3 percent) and Portugal (-17.5 percent). Export to the US grew 17 percent while those to Middle East and Asia rose 7.4 percent and 2.8 percent respectively.

Imports grew 4.7 percent year-on-year to CHF 13.5 billion. Inbound shipments increased for all of product categories except for energy products, which fell 8 percent. Imports of fuels shrank 19.7 percent, making it the biggest drop among energy product items. Higher purchases were recorded for consumer goods (+9.8 percent), raw materials and semi-finished products (+3.1 percent) and other goods (+0.5 percent).

Swiss Customs Administration l Rida l rida@tradingeconomics.com
9/18/2014 1:24:04 PM


Recent Releases

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

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. Published on 2014-07-22


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 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 CHF 1.39B CHF 4.7B


Trade Last Previous Highest Lowest Unit
Balance of Trade 1386.00 3901.00 3983.49 -1478.68 CHF million [+]
Exports 14858.88 19305.11 19383.17 245.90 CHF million [+]
Imports 13473.03 15403.83 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 [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -787.00 Aug/14 -1075.00 2225.00 -3907.00 AUD Million [+]
Brazil -939.00 Sep/14 1168.00 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia -318.00 Aug/14 42.40 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -1123.00 Aug/14 -979.88 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3361.00 Sep/14 3370.00 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -8040.00 Aug/14 -6460.00 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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