FX.co ★ Switzerland Posts Largest Trade Surplus in 5 Months

Switzerland experienced an expansion in its trade surplus, reaching CHF 5.3 billion in March 2025, compared to CHF 4.3 billion in February. This represents the highest trade surplus since October 2024, largely attributed to exports escalating at a faster pace than imports. Specifically, exports saw a 12.6% increase from the previous month, totaling CHF 27.6 billion, chiefly propelled by a substantial 22.6% rise in chemical and pharmaceutical product sales. Export growth was notable in regions such as North America (up by 78.7%), Oceania (up by 24.3%), and Central and South America (up by 5.6%). Concurrently, imports increased by 10.4% to CHF 22.3 billion, largely driven by a 29.4% rise in chemical and pharmaceutical product purchases and a 12.4% increase in paper and graphic products. There was notable uptick in imports from Europe (14.8%), North America (1.3%), and Africa (4.5%).