Tag Archive: Switzerland Trade Balance

The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation’s exports and imports over a certain period. Sometimes a distinction is made between a balance of trade for goods versus one for services. If a country exports a greater value than it imports, it is called a trade surplus, positive balance, or a “favourable balance”, and conversely, if a country imports a greater value than it exports, it is called a trade deficit, negative balance, “unfavorable balance”, or, informally, a “trade gap”.

2022: Price-driven increase in foreign trade

2023-01-24

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2023-01-24

Swiss exports and imports, seasonally adjusted (in bn CHF), December 2022
Driven by rising prices, Swiss foreign trade increased significantly in nominal terms in 2022. Although exports rose by 7.2%, they stagnated in price-adjusted terms. Meanwhile, imports grew by 16.8% in nominal terms and edged up slightly in real terms. Trade declined in both directions in the fourth quarter. The year ended with a trade surplus of CHF 43.5 billion.

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Swiss Trade Balance November 2022: pharmaceuticals weigh down exports

2022-12-20

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2022-12-20

Swiss exports and imports, seasonally adjusted (in bn CHF), November 2022
In November 2022, seasonally adjusted exports plunged by almost a tenth while imports increased by 1.4% month on month. At the exit in particular, the chemical-pharmaceutical sector weighed down the result. The trade balance closes with a small surplus of half a billion francs.

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Swiss Trade Balance 3nd quarter 2022: foreign trade remains in rise

2022-10-20

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2022-10-20

Swiss exports and imports, seasonally adjusted (in bn CHF), Q3 2022
Also in the 3rd quarter of 2022, Swiss foreign trade experienced a positive development: while exports increased by 1.3%, imports grew by 0.8%. However, the latter have lost their vigor since the middle of the year. Both imports and exports nevertheless posted a record quarterly result. The trade balance closes with a surplus of 8 billion francs.

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Swiss Trade Balance 2nd quarter 2022: 8th consecutive quarterly increase

2022-07-19

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2022-07-19

Switzerland Trade Balance, Q2 2022
Swiss foreign trade strengthened further in both traffic directions in the 2nd quarter of 2022, reaching new highs. Exports increased by 0.9% and imports by 2.4% compared to the previous quarter. Prices have risen both at entry and exit. The trade balance closes with a surplus of 7.6 billion francs.

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Swiss Trade Balance May 2022: surge in imports towards a level record

2022-06-22

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2022-06-22

Swiss exports and imports, seasonally adjusted (in bn CHF), May 2022
In May 2022, Swiss foreign trade strengthened in both directions of traffic: seasonally adjusted exports increased by 1.2% while imports jumped by 10.3%. The latter thus confirmed their upward trend despite strong fluctuations. Due to the different pace of growth at the outflow and the inflow, the trade balance surplus stood at CHF 2.0 billion.

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Swiss Trade Balance Q1 2022: foreign trade chain record upon record

2022-04-27

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2022-04-27

Switzerland Trade Balance, March 2022
Swiss foreign trade also grew in the 1st quarter of 2022, climbing to a record level. Imports strengthened further (+6.7%) while exports lost ground somewhat (+1.2%). Both at entry and exit, prices stood at very high levels. Due to different trends in the two directions of traffic, the trade balance surplus fell sharply (–2.8 billion francs).

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Swiss Trade Balance February 2022: chemicals-pharma propels exports to a record level

2022-03-18

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2022-03-18

Switzerland Trade Balance, February 2022
In February 2022, seasonally adjusted exports jumped 15.4% – after their setback in the previous two months – while imports fell 2.9%. The output boom was driven by the strength of chemicals and pharmaceuticals. For the first time, the trade balance surplus passed the 5 billion franc mark.

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Swiss Trade Balance Year 2021: exports climb to one record level

2022-01-27

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2022-01-27

Switzerland Trade Balance, December 2021
After a year 2020 strongly affected by the Covid-19 pandemic, Swiss foreign trade proved to be very dynamic in 2021. Exports thus jumped by 15.2% – reaching a record level – while imports swelled by 10 .1%. The different pace of growth at entry and exit explained the jump in the trade surplus to the imposing level of 58.7 billion francs.

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Swiss Trade Balance October 2021: chemistry-pharma tarnishes the foreign trade table

2021-11-18

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2021-11-18

Swiss exports and imports, seasonally adjusted (in bn CHF), October 2021
In October 2021, Swiss foreign trade lost its vigor. Exports declined 1.4% and imports 2.3% from the previous month. The chemicals and pharmaceuticals sector weighed on the results in both directions of traffic. The trade balance closed with a surplus of 4.4 billion francs, similar to that of previous months.

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Swiss Trade Balance Q2 2021: secondary sector rose sharply in 2nd quarter 2021

2021-08-19

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2021-08-19

Switzerland Trade Balance, July 2021
Secondary sector production rose by 14.2% in 2nd quarter 2021 in comparison with the same quarter a year earlier. Turnover rose by 15.5%. These sharp increases can largely be explained by the weak 2nd quarter of 2020, during which measures against the COVID-19 pandemic came into effect.

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Swiss Trade Balance Q2 2021: export record

2021-07-20

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2021-07-20

Swiss exports and imports, seasonally adjusted (in bn CHF), Q2 2021
Swiss foreign trade showed dynamism in the second quarter of 2021. Exports rose 3.2% to a record level. They posted a fourth consecutive quarterly increase since the drop recorded at the start of the coronavirus pandemic. Imports continued the momentum of the previous quarter and increased 3.8%. The trade surplus stood at 11.5 billion francs.

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Swiss Trade Balance April 2021: Exports Stagnate at a High Level

2021-05-27

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2021-05-27

Switzerland Trade Balance, April 2021
After jumping 5.9% in March, exports stagnated in April, however, rising to a high level of 20 billion francs. Imports confirmed their vitality in previous months, up 3.5% to 16.8 billion francs (actual: + 2.2%). The trade balance closes with a surplus of 3.3 billion francs.

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Swiss Trade Balance Q1 2021: exports go back above their pre-Covid-19 level

2021-04-23

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2021-04-23

Switzerland Trade Balance, March 2021
During the 1st quarter of 2021 and on a seasonally adjusted basis, exports increased by 4.8% (+ 2.7 billion francs; actual: + 4.9%), signing a third consecutive quarterly increase. At 58.1 billion francs, they not only exceeded their pre-crisis level, but also their second largest quarterly result. Imports increased by 1.7% or 805 million francs (actual: + 1.9%).

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Swiss Trade Balance: 2020 salt exports: lowest in 30 years

2021-03-09

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2021-03-09

Swiss foreign trade in salt has plummeted since 2010. Over the past ten years, exports have plunged 91% to 6,084 tonnes and imports by 69%. In 2019 and 2020, the amount of salt imported was greater than that exported, a phenomenon that had not occurred since 2009.

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Swiss Trade Balance An exceptional year 2020: border crossings closed and online commerce booming

2021-03-04

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2021-03-04

Switzerland Trade Balance, February 2021
Bern, 04.03.2021 - The 2020 statistics of the Federal Customs Administration (AFD) are strongly influenced by the COVID-19 pandemic. In order to reduce the risk of transmission of the coronavirus, Switzerland has reintroduced systematic checks at national borders for the first time since joining Schengen, imposed entry restrictions and temporarily closed small border posts.

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Swiss Trade Balance January 2021: foreign trade starts the year on a positive note

2021-02-18

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2021-02-18

Swiss exports and imports, seasonally adjusted (in bn CHF), January 2021
After declining in December 2020, Swiss foreign trade again showed a strong increase at the start of 2021. In January and in seasonally adjusted terms, exports rose 5.4% to 18.9 billion francs and imports by 3.3% to 15.3 billion. In both directions of trafficking, the boom relied heavily on chemicals and pharmaceuticals. The trade balance closed with a surplus of 3.6 billion francs.

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Swiss Trade Balance Foreign trade 2020: historic decline against the backdrop of a pandemic

2021-01-28

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2021-01-28

Switzerland Trade Balance, December 2020
Switzerland's 2020 foreign trade will bear the brunt of the consequences of the COVID-19 pandemic: exports (-7.1% to 225.1 billion francs) and imports (-11.2% to 182.1 billion) posted a historic decline. Never before have they suffered such a significant quarterly decline as in the second quarter of 2020. Foreign trade has fallen back to its level recorded three years earlier. The trade balance closed the year with a record surplus of CHF 43.0...

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Swiss Trade Balance November 2020: exports are on the rise

2020-12-17

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2020-12-17

Swiss exports and imports, seasonally adjusted (in bn CHF), November 2020
In November 2020, Swiss foreign trade stood out with an increase in both directions of traffic. In seasonally adjusted terms, exports advanced 4.8% and imports 4.2%. Falling over the previous two months, exports resumed their growth path and the trade balance closed with a surplus of 3.1 billion francs.

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Swiss Trade Balance October 2020: foreign trade falters

2020-11-19

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2020-11-19

Switzerland Trade Balance, October 2020
In October 2020, Swiss foreign trade took off. In seasonally adjusted terms, exports stagnated (-0.4%) while imports fell 3.3%. The slowdown recorded since this summer in both directions of traffic has thus been confirmed. The trade balance closed with a surplus of 2.9 billion francs.

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Swiss Trade Balance Q3 2020: foreign trade regains color

2020-10-20

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2020-10-20

Switzerland Trade Balance, September 2020
After its historic decline in the second quarter, Swiss foreign trade showed a clear recovery in the third quarter of 2020. In seasonally adjusted terms, exports swelled by 6.5% and imports by 11.5%. The two traffic departments, however, remained well below their record level for the second quarter of 2019. The trade balance closed with a surplus of 8.2 billion francs.

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