Switzerland Balance of Trade

Last Release

Oct 31, 2025

Actual

2,624.4

Units In

CHF Million

2,741

Frequency

Monthly

Next Release

Dec 18, 2025

Time to Release

26 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
5,990.85 Oct 2024	-1,478.68 Aug 1989	360.66 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 slightly narrowed to CHF 2.6 billion in October 2025, from a downwardly revised CHF 2.7 billion in the previous month. This marked the smallest surplus since May, as imports rose 0.2% month-on-month to CHF 19.9 billion, with purchases increasing for vehicles (5.5%) and metals (1%) while stalling for machinery and electronics. Imports from Europe increased 1.4%, with Eurozone countries up 0.8% and non-Eurozone countries jumping 11.8%. In contrast, imports from Asia fell 2.5%, led by declines from China and Japan. Meanwhile, exports declined 0.3% to CHF 22.5 billion, weighed down by lower sales of precision instruments (-3%) and jewelry (-13.6%). Exports to the US fell 5.5%, reversing a 42.1% surge in September, as the 39% tariff continued to curb demand before last week’s agreement. Swiss trade is expected to improve following the US agreement to cut tariffs to 15%, particularly benefiting manufacturers of watches, machinery, and precision instruments.