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

Switzerland recorded a trade surplus of 3255 CHF million in October of 2014. Balance of Trade in Switzerland averaged 68.97 CHF million from 1950 until 2014, 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
3255.00 2489.00 3901.00 -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, November 22, 2014.


Switzerland Trade Surplus Increases in October


Switzerland trade surplus widened to CHF 3.25 billion in October of 2014 from CHF 2.27 billion a year earlier, as exports reached a new monthly high and imports grew at a slower pace.

In October of 2014, exports grew 8.1 percent year-on-year to CHF 19.76 billion, mainly supported by sales of jewelry (+36 percent), chemical and pharmaceutical ingredients (+8 percent) and immunological products (+16 percent). Deliveries were also higher for medical instruments and equipments (+9 percent), watches (+5 percent) and coffee (+13 percent). Outward shipments shrank for non-electrical machinery power (-24 percent) and electricity items (-15 percent).

Sales to the US grew by 14 percent while those to Asia increased by 9 percent. Exports to the EU countries grew by 5.0 percent with those to Hungary increasing the most (+72 percent), followed by Spain (+14 percent), France (+14 percent) and Germany (+11 percent).

Imports grew 3.2 percent year-on-year to CHF 16.50  billion. Inbound shipments increased for capital goods and consumer goods (+8 percent and 4 percent, respectively), while imports of raw materials and semi-finished products declined by 2.0 percent and purchase of energy decreased by 4 percent.

In September of 2014, Switzerland registered a revised CHF 2.49 billion trade surplus.

Swiss Customs Administration l Rida l rida@tradingeconomics.com
11/20/2014 11:32:45 AM


Recent Releases

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. Published on 2014-10-21

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-18 07:00 AM
Balance of Trade  Aug 2014
CHF1.39B CHF 3.90B (R) CHF 2.32B CHF 2.3B
2014-10-21 07:00 AM
Balance of Trade  Sep 2014
CFH 2.45B CHF 1.33B (R) CFH 2.65B CHF 2.0B
2014-11-20 07:00 AM
Balance of Trade  Oct 2014
CFH 3.25B CFH 2.49B (R) CFH 2.2B
2014-12-18 07:00 AM
Balance of Trade  Nov 2014
CFH 3.25B CFH 3B
2015-02-03 07:00 AM
Balance of Trade  Dec 2014
CFH 1.6B


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 3255.00 2489.00 3901.00 -1478.68 CHF million [+]
Exports 19760.36 17639.78 19760.36 245.90 CHF million [+]
Imports 16505.24 15151.03 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 84441.40 84441.40 85199.20 13136.80 CHF Million [+]
Terms of Trade 104.59 104.43 115.96 74.27 Index Points [+]
Foreign Direct Investment 671551.30 606797.60 671551.30 20958.90 CHF million [+]
Tourist Arrivals 1722.00 2045.00 2045.00 600.00 Thousand [+]
Gold Reserves 1039.99 1040.06 2590.18 1039.99 Tonnes [+]