Switzerland Balance of Trade

Last Release

Jun 30, 2025

Actual

4,294.66

Units In

CHF Million

2,196.08

Frequency

Monthly

Next Release

Aug 21, 2025

Time to Release

19 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
5,990.85 Oct 2024	-1,478.68 Aug 1989	347.65 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

U.S. President Donald Trump has imposed a steep 39% tariff on imports from Switzerland, one of the highest rates globally, after trade talks failed to yield a favorable deal. The rate, detailed in an executive order signed Thursday, exceeds the 31% initially threatened in April and dashed hopes for a negotiated outcome. The Swiss government expressed “great regret,” noting the tariff “differs significantly” from the draft framework under discussion. President and Finance Minister Karin Keller-Sutter said on X that she had a final call with Trump, who remains focused on addressing the U.S. trade deficit — USD 38 billion with Swiss last year. While other partners like the EU, Japan, and South Korea secured 15% rates, Switzerland’s domestic constraints, including strong agricultural lobbies and limited new concessions, may have hindered a deal. Despite months of diplomacy, Bern’s offers — including lower tariffs on U.S. citrus and medical device approvals — appear to have fallen short.