FX.co ★ Swiss Trade Surplus Nearly Doubles

In June 2025, Switzerland's trade surplus expanded considerably, reaching CHF 4.3 billion, nearly double the CHF 2.2 billion reported in the previous month following an upward revision. Exports increased by 8.6% compared to the prior month, totaling CHF 23 billion, driven by robust demand for vehicles (19.1%), chemical-pharmaceutical products (14.8%), and precision instruments (4.8%). Notably, shipments surged to Slovenia (75.8%), the Czech Republic (61.4%), and Ireland (51.6%). In addition, Swiss exports to the United States rose by 26.9% in June, recovering from a steep 43.8% decline in May. This rebound occurred after a draft trade agreement was approved approximately two weeks ago, although it still awaits the final endorsement from President Donald Trump. Conversely, imports decreased by 1.5%, amounting to CHF 18.7 billion, primarily due to reduced arrivals of chemical-pharmaceutical products (-6.6%), paper and graphic products (-3.6%), and energy sources (-2.7%). The most significant reductions in imports were observed from Saudi Arabia (-73.5%), South Korea (-65.7%), and Slovenia (-44%).