FX.co ★ Swiss Trade Surplus Narrows Sharply in September 2026

Switzerland’s trade surplus shrank significantly in September 2026, with the balance falling to 1.309 billion francs from 3.786 billion francs in August 2026. The latest figures, updated on 20 October 2026, indicate a marked weakening in Switzerland’s external trade position over the month.

The sharp reduction in the surplus suggests that either export growth has slowed, imports have risen, or a combination of both, eroding the robust trade buffer seen in August. While the trade balance remains in positive territory, the September reading points to a cooler external environment that could have implications for Switzerland’s overall economic momentum and current account performance going into the final quarter of 2026.