Trade Balance of Goods in Switzerland: Overview from 2017 to 2023

Trade Balance of Goods in Switzerland: Overview from 2017 to 2023

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TGM StatBox. (2024). Trade Balance of Goods in Switzerland: Overview from 2017 to 2023. TGM StatBox.
Chart Details
Timeframe: 2017-2023
Country: Switzerland
Published date: 2024
Note: The trade balance reflects the difference between the value of a country’s exports and imports of goods. This figure was calculated by TGM StatBox, using data from the World Trade Organization (WTO). A positive balance signals a surplus, while a negative one indicates a deficit.
Key Takeaways
Switzerland maintained strong trade surpluses throughout the 2017–2023 period, with the surplus peaking at 56,124.9 million USD in 2021. After a slight decline to 43,578.2 million USD in 2022, the surplus rebounded to 56,071.5 million USD in 2023, driven by exports of pharmaceuticals, precision instruments, and luxury goods.

Switzerland’s consistent surpluses reflect its position as a global leader in high-value exports, supported by stable demand for its specialized products even during periods of global economic uncertainty.

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