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

Switzerland trade surplus stood at CHF 2.93 billion in July of 2016, compared to a CHF 3.49 billion surplus a year earlier and market expectations of a CHF 3.79 billion. It was the smallest trade surplus since April as exports fell while imports rose. In July, sales dropped by 1.5 percent year-on-year to CHF 17.74 billion while imports went up 2.0 percent to CHF 14.81 billion. In June 2016, trade surplus was marginally revised to CHF 3.51 billion. Balance of Trade in Switzerland averaged 144.36 CHF million from 1950 until 2016, reaching an all time high of 4014.24 CHF million in October of 2015 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
2930.41 3510.00 4014.24 -1478.68 1950 - 2016 CHF million Monthly
Since 2001 Switzerland has been reporting trade surpluses due to strong exports growth. Swiss main exports are: chemical and pharmaceutical products, electronics, watches and precision instruments. The country imports mostly machinery, pharmaceutical, chemicals, vehicles and metals. European Union is its largest trading partner, accounting for about 56% of exports and 74% of imports follows by the United States and China. 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-21 06:00 AM May CHF3.79B CHF2.50B CHF 2.88B CHF 3.2B
2016-07-21 06:00 AM Jun CHF3.55B CHF3.78B CHF3.49B CHF 3.1B
2016-08-23 06:00 AM Jul CHF2.93B CHF3.51B CHF3.79B CHF 2.9B
2016-09-20 06:00 AM Aug CHF2.93B CHF 3.0B
2016-10-20 06:00 AM Sep CHF 3.2B
2016-11-22 07:00 AM Oct CHF 3.1B

Switzerland Trade Surplus Smallest in 3 Months


Switzerland trade surplus stood at CHF 2.93 billion in July of 2016, compared to a CHF 3.49 billion surplus a year earlier and market expectations of a CHF 3.79 billion. It was the smallest trade surplus since April as exports fell while imports rose.

In July, outbound shipments dropped by 1.5 percent year-on-year to CHF 17.74 billion, following a 1.7 percent growth in June. Sales went down for: machinery and electronics (-4.6 percent), watches (-14.2 percent), precision instruments (-3.1 percent), metals (-2.0 percent), plastics (-6.1 percent); textiles, clothing and footwear (-9.0 percent) and paper and graphic products (-10.5 percent). In contrast, exports rose for: chemicals and pharmaceuticals (+1.1 percent),  jewelry and bijouterie (+24.5 percent), food & beverages (+1.1 percent) and vehicles (+1.1 percent). Among major trade partners, sales declined to the EU countries (-1.9 percent), followed by the Middle East countries (-6.0 percent) and India (-15.1. In contrast, outbound shipments rose to China (+4.0 percent), the US (+4.8 percent) and Japan (+24.1 percent).

Imports went up 2.0  percent year-on-year to CHF 17.74 billion, compared to a 2.0 percent rise in June, mainly driven by chemicals and pharmaceuticals (+21.0 percent), vehicles (+6.1 percent) and food & beverages (+3.6 percent). Among trading partners, imports were higher from the EU countries (+2.3 percent), the Middle East countries (+9.7 percent), the USA (+27.2 percent), South Africa (+69.7 percent) and Australia (+26.6 percent).

In June 2016, trade surplus was marginally revised to CHF 3.51 billion.

Rida | rida@tradingeconomics.com
8/23/2016 7:43:39 AM

Switzerland Trade Last Previous Highest Lowest Unit
Balance of Trade 2930.41 3510.00 4014.24 -1478.68 CHF million [+]
Exports 17736.60 18261.70 19778.73 245.90 CHF million [+]
Imports 14806.00 14751.60 17348.96 273.20 CHF million [+]
Current Account 9898.35 15908.22 25252.92 -2680.96 CHF Million [+]
Current Account to GDP 11.00 9.00 15.60 -0.60 percent [+]
External Debt 118233.10 141988.10 141988.10 13136.80 CHF Million [+]
Terms of Trade 113.19 114.71 118.18 74.27 Index Points [+]
Capital Flows 18012.91 6460.36 44515.93 -53434.44 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 [+]
Weapons Sales 369.00 342.00 589.00 18.00 USD Million [+]
Terrorism Index 1.35 2.03 2.03 0.13 [+]
Tourism Revenues 3777.64 3428.95 4656.07 2179.85 CHF Million [+]




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