Switzerland Balance of Trade

Last Release

Apr 30, 2025

Actual

6,327.42

Units In

CHF Million

5,371.24

Frequency

Monthly

Next Release

Jun 19, 2025

Time to Release

21 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
6,327.42 Apr 2025	-1,478.68 Aug 1989	342.23 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 reached a record high of CHF 6.3 billion in April 2025 from an upwardly revised CHF 5.4 billion in the previous month, as imports fell more than exports. Shipments fell by 9.2% month-on-month to CHF 25.2 billion, mainly due to a sharp drop in chemical and pharmaceutical exports (-17.1%), particularly medications (-43.9%). In contrast, watch exports surged by 16%, driven by a notable rise in US shipments ahead of possible tariff implementation. Among major trading partners, North America (-34.7%) experienced the steepest export decline, followed by Central and South America (-3.4%). Meanwhile, imports plunged 15.6% from a month earlier to CHF 18.9 billion, with ten of twelve product groups recording decreases. The largest declines were seen in chemical-pharmaceutical products (-32.6%), energy carriers (-13%), vehicles (-3.4%), and precision instruments (-6.2%). Imports dropped the most from Europe (-20.1%), notably from Slovenia (-60.1%) and Italy (-23.3%).