Swiss trade surplus with US grew in 2025 despite tariffs

Published on January 29, 2026

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Switzerland exported a record amount of goods to the United States last year despite a tariff dispute. Imports to Switzerland from the US fell, leading to a CHF41.1 billion trade surplus for the Alpine state. + Get the most important news from Switzerland in your inbox Swiss customs reported a 3.9% rise in Swiss goods sold in the US in 2025, amounting to CHF54.7 billion. In the same period, US imports fell 5.7% to CHF13.3 billion. + How US tariffs affected the Swiss economy Switzerland is poised to enter negotiations with US trade officials to reduce a 39% tariff burden, which was temporarily imposed on Switzerland between August and November, down to 15%. US President Donald Trump has set a March 31 deadline to conclude a legally binding agreement. + Will Swiss shops be inundated with cheap, hormone-filled beef? Switzerland’s global trade surplus with sank from a record CHF60.6 billion in 2024 to CHF54.3 billion last year. This is still the second-highest surplus figure for trade ... Full story here Are you the author?

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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

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