Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Details may not equal totals due to rounding. Overall, Switzerland posted a $36.9 billion trade surplus for 2019. In economic news, Switzerland’s trade surplus narrowed to CHF2.33 billion in October, after recording a surplus of CHF2.92 billion in the prior month. The trade surplus … Due to Switzerland being strict with their food regulations, many trading countries have to adapt their products to fit in with European guidelines. Switzerland has been a member of the World Trade Organization since July 1995. Swiss trade surplus rises. Swiss climate activists appear in court over Credit Suisse 'tennis' protest - Jan 08, 2020. For the 24 hours to 23:00 GMT, the USD rose 0.2% against the CHF and closed at 0.9886. Among key trade partners, exports declined to the Euro Area, the US, Japan, Singapore, Hong Kong and the Middle East. Trade Balance. The Treasury cited Switzerland’s large bilateral goods trade surplus with the United States as well as its overall current account surplus. This trade surplus was highest in 2013 at €75 billion and lowest in 2009 at €8 billion. Switzerland's FDI in the United States (stock) was$300.4 billion in 2019, up 1.6% from 2018. U.S. imports of services from Switzerland were an estimated $25.0 billion in 2019, 8.4% ($1.9 billion) more than 2018, and 29.7% greater than 2009 levels. According to the Federal Customs Administration, Switzerland’s trade surplus slipped to $2.5 billion in December, down from $2.36 billion in November as exports declined for the third consecutive month. Exports increased 1.1 percent led by sales of machines & electronics, precision instruments, watches, metals, and food and beverages. The main partners in the cross-border trade of goods are the industrialised countries; the EU is particularly important. (Source: IMF). The U.S. goods trade deficit with Switzerland was $26.7 billion in 2019, a 41.4% increase ($7.8 billion) over 2018. Switzerland's trade surplus declined to CHF 2.7 billion in September 2020 from a downwardly revised CHF 3.3 billion in the previous month, as exports fell while imports rose, amid the coronavirus pandemic. U.S. exports of services to Switzerland were an estimated $46.8 billion in 2019, 11.8% ($5.0 billion) more than 2018, and 139% greater than 2009 levels. Switzerland also meets the other two criteria, by having a bilateral goods surplus of more than $20 billion and a current account of surplus of more than 2%. The Swiss global transit trade . Applying last year’s surplus of CHF 2.9 billion to Switzerland’s CHF 197 billion debt mountain would only reduce it by 1.5% or CHF 341 per person. Imports were down from the Euro Area, China, Singapore, but were up from the UK, Japan and the US. In 2018 Switzerland was the number 20 economy in the world in terms of GDP (current US$), the number 18 in total exports, the number 17 in total imports, and the number 2 most complex economy according to the Economic Complexity Index (ECI). Meanwhile, imports dropped 3.3 percent to CHF 14.9 billion led by chemical & pharmaceutical products, vehicles, food and beverages, and precision instruments. That dollar amount represents a 15.8% increase from $31.9 billion in black ink for 2018. Meanwhile, imports rose at a faster 2.5 percent boosted by purchases of chemical & pharmaceutical products, vehicles, metals, and precision instruments. News Related to International Trade in Switzerland . Switzerland's trade surplus increased to CHF 2.9 billion in October 2020 from a downwardly revised CHF 2.4 billion in the previous month, as the coronavirus pandemic continued to weigh on global demand. Switzerland was the EU's 4th largest partner for imports (6% of total extra-EU imports) and the 3rd largest for EU exports (8% of total extra-EU exports) in 2018. In economic news, Switzerland’s trade surplus widened to CHF2.9 billion in September, after recording a revised surplus of CHF2.2 billion in the prior month. Switzerland is currently our 16th largest goods trading partner with $62.5 billion in total (two way) goods trade during 2019. The top export categories (2-digit HS) in 2019 were: precious metal and stone (gold) ($7.3 billion), pharmaceuticals ($2.0 billion), art and antiques ($1.8 billion), optical and medical instruments ($1.4 billion), and aircraft ($1.3 billion). It shows that 18 Member States had a trade surplus with Switzerland. Switzerland Trade Surplus Falls In February | Financial News According to the Switzerland’s Federal Statistic Office release on Tuesday, the trade surplus in March narrows to 1.69 billion CHF from February’s 2.62 billion CHF. Among key trade partners, exports decreased to China and the US, but rose to the EU and the UK. (RTTNews) - Switzerland's foreign trade surplus increased in November, figures from the Federal Customs Administration showed Thursday. a trade surplus exists if there is a net outflow of capital excluding foreign borrowing and lending . Published on May 29, 2009. The Swiss trade surplus increased to a 3-month high in January, data from the Federal Customs Administration showed Thursday. The top import categories (2-digit HS) in 2019 were: pharmaceuticals ($16 billion), special other (returns) ($7.0 billion), organic chemicals ($4.0 billion), optical and medical instruments ($3.9 billion), and clocks and watches ($3.2 billion). Switzerland is a country two-thirds the size of West Virginia, with a population smaller than New Jersey’s and a GDP about 3.4% of that of the United States. Meanwhile, imports fell 1.8 percent to CHF 14.9 billion dragged by purchases of chemical & pharmaceutical products, machines & electronics, vehicles, textiles and footwear, and precision instruments. Switzerland Trade Balance data is updated monthly, available from Jan 1957 to Oct 2020, with an averaged value of -43.6 USD mn. The United States has a services trade surplus of an estimated $10 billion with Switzerland in 2017 (latest data available), up 15.8% from 2016. This trade surplus was highest in 2013 at €75 billion and lowest in 2009 at €8 billion. Meanwhile, exports fell 1.9 percent from a month earlier to CHF 17.9 billion, dragged down by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. In 2019, Switzerland's trade balance - the value of goods exported minus the value of goods imported - showed a surplus … ZURICH — Switzerland widened its current account surplus to 86 billion Swiss francs ($87.15 billion) during 2019, the Swiss National Bank said on Monday, an increase of 29 billion francs from a year earlier. Switzerland's trade surplus increased to CHF 3.4 billion in August 2020 from a revised CHF 2.5 billion in the previous month, as exports increased above CHF 18.0 billion for the first time since March, led by sales of chemical & pharmaceutical products, machines & electronics, watches, metals, and jewelry. The U.S. goods trade deficit with Switzerland was $26.7 billion in 2019. Leading domestic export categories include: tobacco ($204 million), tree nuts ($32 million), wine & beer ($15 million), beef & beef products ($10 million), and snack foods not elsewhere specified or indicated ($10 million). 2020 : U.S. trade in goods with Switzerland . September's trade surplus was the highest in Switzerland since at least 1987, according to the latest trade figures from the Federal Customs Office. Leading services exports from the U.S. to Switzerland were in the intellectual property (industrial processes), research and development services, and professional and management services sectors. Services exports were $46.8 billion; services imports were $25.0 billion. The U.S. services trade surplus with Switzerland was $21.8 billion in 2019. Tuesday, 24 April 2012 02:42. Considering the third quarter as a whole, the trade surplus narrowed to CHF 8.2 billion from CHF 9.6 billion in the previous three-month period. It is an indication of high production level. For the 24 hours to 23:00 GMT, the USD declined 0.80% against the CHF and closed at 0.9072. Switzerland had a total export of 310,524,275.09 in thousands of US$ and total imports of 278,665,555.58 in thousands of US$ leading to a positive trade balance of 31,858,719.51 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Switzerland is 1.70% and the Most Favored Nation (MFN) Weighted Average tariff is 3.42%.The trade growth is 1.21% compared to … Considering the first eight months of the year, the trade surplus widened to CHF 23.4 billion from CHF 15.9 billion in the same period of 2019. The U.S. goods trade deficit with Switzerland was $26.7 billion in 2019. U.S. imports from Switzerland account for 1.8% of overall U.S. imports in 2019. 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. 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