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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Balance of Trade climbed to 3.2B in April 2026
FMPMonthlyReleased June 2026
Switzerland Balance of Trade climbed to 3.2B in April 2026, released June 2026, up 0.6B from March's 2.6B reading. The print exceeded the 2.3B consensus by 0.9B. The print is running well below the 12-month average of 3.57B. Over the past 3 months, Balance of Trade averaged 3.55B, vs 3.2B in the prior 3-month window. The reading is in the 27th percentile of the trailing 24-month range.
Latest Release
3.2
Actual
2.3
Consensus
2.6
Previous
Median Absolute Error
±0.5 billion
across last 12 releases
Last Call
Mar 2026
Predicted: 3.88
Actual: 4.4
Error: -0.53
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| CHF/JPY | ▼ Inverse | −0.51 | FOREX | Bearish CHF | → View |
| EUR/CHF | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| Euro STOXX 50 | ▲ Direct | +0.35 | INDEX | Bullish Euro STOXX 50 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Switzerland) was reported at 3.10 billion in June 2026. The reading rose from the previous value of 3.09 billion. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 3.36 billion, ranging from 2.00 billion to 4.40 billion across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 3.70 billion, up from the prior three at 2.87 billion. Volatility over the past year (σ 0.75 billion) is comparable than the prior year (σ 0.81 billion). In June readings over the past 3 years, Balance of Trade has averaged 3.37 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with CHF/JPY (Bearish CHF). A secondary relationship exists with EUR/CHF, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.50 billion.
WHAT TO WATCH NEXT
The next release is scheduled for June 18, 2026. Same-country events in the next 14 days include SNB Interest Rate Decision (Jun 18) and Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Balance of Trade - CH
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About Balance of Trade — Switzerland
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2025): actual 3.098 M. Prior reading (Sep 2025): 3.2 M. Before that (Mar 2026): 2.7 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with CHF/JPY (Bearish CHF, r=-0.51) — a useful reference for forex-focused traders.