SZ Trade Balance

Switzerland's trade surplus reached 10.2 billion Swiss francs in the third quarter of 2025, the Federal Office for Customs and Border Security (FOCBS) revealed in a report on Tuesday. The country's trade balance slipped for a second consecutive quarter, with exports declining by 3.9% and imports decreasing by 0.6%, compared to the second trimester. The quarterly decline was mainly contributed to the chemicals and pharmaceuticals sectors. In September, Switzerland's trade surplus amounted to 4.1 billion Swiss francs, with imports ...

The highest US tariff among developed nations dealt a severe blow to Swiss exports, according to the first reading since the 39% levy took effect. Foreign sales to America, adjusted for seasonal swings, were 22% lower in August than in July, Swiss customs data showed Thursday. Imports from the world’s biggest economy held steady. That narrowed the US trade deficit with Switzerland to 2.06 billion francs ($2.6 billion) — from 2.93 billion francs the previous month — the second lowest reading since 2020. That narrowed the US trade ...

Swiss watch exports returned to growth in July after a steep drop the previous month, as companies tried to build up their stock in the US ahead of higher trade tariffs. Exports increased by 6.9% compared to a year earlier, the Federation of the Swiss Watch Industry said in a statement Thursday. Excluding the US impact, exports would have dropped 0.9%, illustrating an industry still in the doldrums. Shipments to Japan fell significantly, and China went back into retreat. The period coincided with intense lobbying by Swiss officials ...

Winter is far from over for Swiss watches as the market continued to cool in February. Exports in the month contracted by 8.2 percent in value and 7.7 percent in volume to 1.98 billion Swiss francs, according to figures released by the Federation of the Swiss Watch Industry on Thursday. The industry organization said it was a “marked slowdown in an uncertain climate,” affecting its top six markets and all material categories to various degrees. Monthly export tallies had seen a slight improvement in January, but February’s poor ...

At the beginning of 2025, Swiss watch manufacturers once again exported more watches abroad compared to the same month in the previous year. A long downward trend has thus come to an end. Swiss watch exports rose by 4.1% to 1.99 billion Swiss francs in January 2025, as announced by the Federation of the Swiss Watch Industry (FH) on Thursday. Exports of timepieces "Made in Switzerland" thus returned to a positive trend. Prior to this, the industry had endured a long dry spell - the last time exports rose slightly was last summer. ...

The Swiss export industry suffered a clear setback in November. Exports fell significantly, mainly due to the chemical and pharmaceutical sectors. This neutralized the previous month's increase. In total, exports amounted to CHF 21.72 billion in November, as reported by the Federal Office for Customs and Border Security (FOCBS) on Thursday. Compared to the previous month, this is a decrease of 11 percent. In real terms - i.e. adjusted for price changes - this resulted in a drop of 10.8 percent. Exports had reached a record level in ...

In August, the Swiss export industry continued the decline that has been ongoing for several months and sold slightly fewer goods abroad. Once again, the decline in exports of chemical-pharmaceutical products in particular pushed exports into negative territory.In total, exports amounted to CHF 22.13 billion in August, as reported by the Federal Office for Customs and Border Security (FOCBS) on Thursday. Seasonally adjusted, exports thus fell by 1.2 percent compared to the previous month. In real terms - i.e. adjusted for price ...

All eyes are on the Swiss National Bank (SNB) and Bank of England (BOE) for today’s interest rate decisions, although it is the former which will likely garner the most attention. The SNB surprised markets with a cut in March and bets were on for another cut in June. Yet the rate of their lowing inflation has declined, GDP was stronger than expected and the central bank seems to have switched tactics with the Swiss franc, saying a weaker currency is a threat (for more) inflation. chart As cutting rates could weaken the currency, it ...