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

Switzerland recorded a trade surplus of 3868 CHF million in November 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
3868.00 3226.00 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 Tuesday, December 23, 2014.


Switzerland Trade Surplus Increases in November


Switzerland trade surplus widened to CHF 3.87 billion in November of 2014 from CHF 2.08 billion a year earlier, as imports declined at a faster pace than exports.

In November, exports decreased 0.2 percent year-on-year to CHF 18.05 billion, mainly due to lower sales of machinery for paper/graphics industry (-13.4 percent); iron and steel (-12.8 percent); non-electric engines (-12.4 percent); other machine tools (-12.1 percent); essential oils, flavors and fragrances (-13.4 percent); power generator, electric motors (-10.8 percent); agro-chemical products (-11.0 percent); electrical and electronic products (-10.8 percent); pharmaceutical ingredients (-9.4 percent) and cheese (-1.2 percent). In contrast, exports were higher for aircraft and spacecraft (+44.9 percent); aluminium (+16.7 percent); tobacco  (+11.9 percent); rail vehicles (+10.1 percent); immunological products (+6.9 percent); medication (+4.9 percent); machine tools for metal working (+8.8 percent); household appliances (+3.6 percent) and  chocolate (+4.9 percent).
 
Sales to the US grew by 11 percent while those to Asia increased slightly by 0.1 percent. Exports to the EU countries declined by 1.5 percent with those to Austria decreasing the most (-17.8 percent), followed by Greece (-17.2 percent), France (-16.9 percent) and Finland (-12.8 percent). Outward shipments to Africa rose by 17.3 percent, while those to Oceania fell by 21.0 percent.
 
Imports declined 11.4 percent year-on-year to CHF 14.18  billion. All inbound shipments were lower: consumer goods (-12.8 percent), raw materials and semi-finished products (-8.5 percent) and capital goods (-5.1 percent). Purchases of energy also fell significantly by 31.7 percent.
 
In October 2014, Switzerland registered a revised CHF 3.22 billion trade surplus.
 

SECO l Rida l rida@tradingeconomics.com
12/18/2014 12:03:14 PM


Recent Releases

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. Published on 2014-11-20

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-21 07:00 AM
Balance of Trade  Sep
CFH 2.45B CHF 1.33B (R) CFH 2.65B CHF 2.0B
2014-11-20 07:00 AM
Balance of Trade  Oct
CFH 3.25B CFH 2.49B (R) CFH 2.2B
2014-12-18 07:00 AM
Balance of Trade  Nov
CFH 3.87B CFH 3.22B (R) CFH 2.41B CFH 3B
2015-02-06 07:00 AM
Balance of Trade  Dec
1026.15
2015-02-20 07:00 AM
Balance of Trade  Jan
2229.78
2015-03-20 07:00 AM
Balance of Trade  Feb
2455.21


Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 3868.00 3226.00 3901.00 -1478.68 CHF million [+]
Exports 18055.04 19784.70 19784.70 245.90 CHF million [+]
Imports 14186.71 16558.86 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 85199.20 85199.20 13136.80 CHF Million [+]
Terms of Trade 104.56 104.43 115.96 74.27 Index Points [+]
Foreign Direct Investment 688084.40 671551.30 688084.40 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 [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]