Switzerland Balance of Trade

Last Release

Sep 30, 2024

Actual

3,903.13

Units In

CHF Million

4,018.95

Frequency

Monthly

Next Release

Nov 19, 2024

Time to Release

1 Months 0 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
5,522 Feb 2022	-1,478.68 Aug 1989	305.7 CHF Million	1950-2024	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

The trade surplus in Switzerland slightly narrowed to CHF 3.9 billion in September 2024 from a marginally revised CHF 4.0 billion in the previous month, marking the smallest trade surplus since April. Month-on-month, exports fell 1.4% to CHF 21.9 billion, weighed by decreased sales of vehicles (-16.9%), jewelry (-12.9%), and watches (-12.6%). Among trading partners, demand dropped notably from Russia (-41.6%), Brazil (-30.4%), Japan (-26.5%), and South Africa (-24.2%). Meanwhile, imports declined at a softer 1.1% to CHF 18.0 billion, due to lower purchases of chemical and pharmaceutical products (-5.9%), energy products (-2.5%), and paper and graphic products (-0.4%). As for the trading partners, imports fell from Saudi Arabia (-38.5%), Slovenia (-33.1%), the UK (-23.7%), and South Korea (-21%). For the third quarter, the trade surplus narrowed to CHF 11.3 billion from CHF 12.7 billion in the previous period.