Swiss Trade Monitor - 2nd Quarterly Report 2025
Type
discussion paper
Date Issued
2025-07-18
Author(s)
Abstract
The Quarterly Reports of the Swiss Trade Monitor document time trends in Switzerland's foreign goods and services trade of the most recent completed quarter. Not only are exports and imports considered in total, but these are broken down to provide a detailed analysis of Switzerland's trade development with its largest trading partners and most important product groups. Due to differences in data release schedules, the second edition of 2025 sheds light on the first two quarters of the year for goods trade and the first quarter for services trade. Here are key observations:
- Switzerland's foreign goods trade in the first half of 2025 was about 6.7 percent higher than in 2024. Exports grew 7.7 percent while imports increased by 5.4 percent.
- In a year-over-year comparison, chemicals and pharma exports stand out with high growth in Q1 and Q2 of 2025. In contrast, imports of manufactured goods (including machines and vehicles) were lower in Q2 2025 than the previous year.
- Among trade partners, Slovenia and the US stand out for high Swiss export growth. Imports from Singapore fell by about two thirds, driven by chemicals and pharmaceuticals.
- Exports of services in Q1 of 2025 were unchanged compared to 2024 while imports grew 4 percent.
- Growth in Swiss services imports is driven by several countries and licenses and R&D services in particular.
- Switzerland's foreign goods trade in the first half of 2025 was about 6.7 percent higher than in 2024. Exports grew 7.7 percent while imports increased by 5.4 percent.
- In a year-over-year comparison, chemicals and pharma exports stand out with high growth in Q1 and Q2 of 2025. In contrast, imports of manufactured goods (including machines and vehicles) were lower in Q2 2025 than the previous year.
- Among trade partners, Slovenia and the US stand out for high Swiss export growth. Imports from Singapore fell by about two thirds, driven by chemicals and pharmaceuticals.
- Exports of services in Q1 of 2025 were unchanged compared to 2024 while imports grew 4 percent.
- Growth in Swiss services imports is driven by several countries and licenses and R&D services in particular.
Language
English (United States)
Keywords
trade
Pages
156
File(s)![Thumbnail Image]()
Name
Swiss-Trade-Monitor_Quarterly-Report-2025-Q2.pdf
Size
27.53 MB
Format
Adobe PDF
Checksum (MD5)
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