International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland
XTNTVA01CHQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,349,280,000.00
Year-over-Year Change
42.94%
Date Range
1/1/1955 - 1/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland measures the difference between Switzerland's exports and imports of goods. This indicator provides insights into Switzerland's trade position and competitiveness in global markets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic series tracks Switzerland's trade balance, which is the difference between the value of its merchandise exports and imports. It offers a high-level view of Switzerland's trade activity and can be used to assess the country's economic performance and integration with the global economy.
Methodology
The data is collected and calculated by the Swiss Federal Customs Administration.
Historical Context
Policymakers and market analysts closely monitor Switzerland's trade balance to gauge the nation's economic health and external competitiveness.
Key Facts
- Switzerland has consistently run a trade surplus since the 1980s.
- The pharmaceutical industry is a major contributor to Switzerland's trade surplus.
- Switzerland's top export destinations include Germany, the United States, and China.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland measures the difference between Switzerland's exports and imports of goods, providing insights into the country's trade position and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of a country's economic performance and integration with the global economy. Policymakers and market analysts closely monitor Switzerland's trade balance to assess the nation's economic health and external competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Swiss Federal Customs Administration.
Q: How is this trend used in economic policy?
A: Policymakers use Switzerland's trade balance data to inform decisions on trade policies, exchange rate management, and broader economic strategies aimed at promoting the country's external competitiveness and integration with global markets.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland (XTNTVA01CHQ664S), retrieved from FRED.