Switzerland Balance of Trade

Last Release

Mar 31, 2024

Actual

2,845.26

Units In

CHF Million

2,340.02

Frequency

Monthly

Next Release

May 30, 2024

Time to Release

1 Months 7 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
5,522 Feb 2022	-1,478.68 Aug 1989	279.69 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 widened to CHF 2.8 billion in March 2024 from an upwardly revised CHF 2.3 billion in the previous month, as exports fell less than imports. Exports declined 0.6% month-on-month to CHF 21.1 billion, mainly due to lower sales for jewelry (-37.2%), clocks (-1.5%), precision instruments (-1.5%), and food and beverages (-1.4%). Among countries, shipments primarily drop to UAE (-26.4%), Hong Kong (-26.1%), Singapore (-21.7%), Saudi Arabia (-16.9%), and Turkey (-13.1%). Meanwhile, imports contracted at a faster 3.3% to CHF 18.2 billion, weighed by decreased purchases of jewelry (-18.1%), clocks (-6.6%), chemical-pharmaceutical products (-6%), and energy products (-5.8%). As for the trading partners, arrivals chiefly shrank from Saudi Arabia (-87.6%), Singapore (-33%), Japan (-32.9%), and South Korea (-24.1%).