Switzerland Balance of Trade

Last Release

Jan 31, 2025

Actual

4,029.15

Units In

CHF Million

4,351.89

Frequency

Monthly

Next Release

Mar 20, 2025

Time to Release

23 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
5,990.85 Oct 2024	-1,478.68 Aug 1989	325.55 CHF Million	1950-2025	Swiss Customs Administration

In 2019, the Swiss trade surplus widened 19 percent from the previous year to CHF 37 billion, as both imports and exports reached new records despite global trade tensions, Brexit uncertainty and Hong Kong protests. The biggest trade surpluses were recorded with the US, India, the UK, China, Hong Kong, Japan and Singapore; and the largest deficits were recorded with the UAE, Germany, Ireland, Italy and Thailand.

Latest Updates

Switzerland’s trade surplus narrowed to CHF 4.0 billion in January 2025, down from an upwardly revised CHF 4.4 billion in December, marking the smallest surplus in four periods. Imports fell 6.8% month-over-month to CHF 18.7 billion, driven by lower purchases of chemical and pharmaceutical products (-19.5%), vehicles (-5%), and machinery and electronics (-2.1%). By country, imports declined sharply from Australia (-57.5%), Japan (-34%), and Canada (-31.9%). Meanwhile, exports dropped at a slightly faster pace, falling 6.9% to CHF 22.7 billion, reflecting weaker sales of chemical and pharmaceutical products (-12.5%), paper and graphic products (-7.3%), precision instruments (-0.4%), and vehicles (-0.3%). Among trading partners, demand fell most notably from Slovenia (-35.1%), China (-30%), and Austria (-22.8%).