(11.03.2026) Swiss exports reached a new record level in 2025. Swiss exports totaled CHF 287.0 billion, an increase of +1.4%, according to the Federal Office for Customs and Border Security (FOCBS).
Imports rose by +4.5% to CHF 232.7 billion, the second-highest level on record. The trade balance showed a surplus of CHF 54.3 billion.
After a slight rebound in the first quarter of 2025 (+0.3%), seasonally adjusted exports declined in the second (-3.7%) and third (-2.0%) quarters, before recovering in the fourth quarter (+0.8%).
Five of the ten commodity groups contributed to the increase in exports. Chemicals and pharmaceuticals totaled CHF 152 billion (+CHF 3.3 billion), driven by the serums and vaccines segment (+CHF 5.5 billion). This industry now accounts for 53% of total Swiss exports and made a significant contribution to overall growth.
Vehicles (mainly the aerospace industry; +CHF 850 million) and jewelry (+CHF 720 million) also recorded growth. By contrast, watchmaking (-1.7%) and machinery and electronics (-0.6%) posted their second and third consecutive annual declines, respectively.
Geographically, exports to North America (+3.8%; United States: +3.9%) and Europe (+1.8%) increased in 2025. Exports to China fell to their lowest level since 2020, contributing to an overall decline of -1.9% in exports to Asia.
On the import side, growth (+CHF 10.1 billion) was mainly driven by chemicals and pharmaceuticals (+CHF 8.0 billion), food, beverages and tobacco (+CHF 1.2 billion) and jewelry (+CHF 935 million).
Only imports from Europe increased (+6.6%), supported by Slovenia (+CHF 7.9 billion), France and Germany (+CHF 2.0 billion each). Imports from North America declined by -6.3% (United States: -5.7%).
Last modification 11.03.2026
