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

Switzerland recorded a trade surplus of 3983.49 CHF million in July 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.

   
 
 
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Switzerland Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
3983.49 1412.00 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 Saturday, August 23, 2014.


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.

Exports were recorded at CHF 19.3 billion in July of 2014, increasing 5.0 percent over a year earlier. Shipments were rising in all sectors except for paper industry and graphic arts, which declined for the fifth consecutive time. Sales of jewelry increased 24 percent to CHF 177 million, while exports of chemical and pharmaceutical products grew 8 percent to CHF 596 million. Sales of precision instruments rose 8 percent, followed by beverages and tobacco (+3 percent) and metallurgy, watchmaking, machinery industry and electronics (+2 percent).

Imports shrank 3.5 percent year-on-year to CHF 15.3 billion in July of 2014, driven mostly by lower purchases of energy products (-20 percent); consumer goods (-4 percent), namely medical drugs (+17 percent); food, beverages and tobacco (-7 percent) and capital goods (-0.1 percent).
 
During January to July of 2014, the country posted a CHF 17.7 billion trade surplus.

Rida l rida@tradingeconomics.com
8/21/2014 11:34:10 AM


Recent Releases

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

Swiss Trade Surplus Widens to 2-1/2 Year High
Switzerland’s trade surplus increased for the second straight month to CHF 2.8 billion in May of 2014 from CHF 2.2 billion a year earlier. It is the highest trade surplus since November of 2011, as imports fell at a faster pace than exports. Published on 2014-06-24


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-27 07:00 AM Switzerland
Balance of Trade
Apr 2014 CHF 2.425B CHF 1.996B (R) CHF 2.052B CHF 1.8B
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 CHF 3.98B CHF 2.3B


Trade Last Previous Highest Lowest Unit
Balance of Trade 3983.49 1412.00 3983.49 -1478.68 CHF million [+]
Exports 19258.46 16886.66 19383.17 245.90 CHF million [+]
Imports 15274.97 15474.66 17348.96 273.20 CHF million [+]
Current Account 17931.24 22015.41 23123.00 -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 1040.06 1040.06 2590.18 1040.06 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1575.00 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.00 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16800.00 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16406.00 Jun/14 17800.00 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia -305.10 Jun/14 69.90 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico 423.73 Jun/14 131.81 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 2399.00 Jul/14 5453.83 6794.27 -4043.45 USD Million [+]
Spain -1477000.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -7853.06 Jun/14 -7146.21 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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