International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland
XTNTVA01CHA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,439,630,000.00
Year-over-Year Change
153.61%
Date Range
1/1/1955 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland measures the difference between the value of Switzerland's imports and exports of goods. This metric is a key indicator of Switzerland's trade position and competitiveness.
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
The trade balance reflects the net flow of goods in and out of Switzerland's economy. It's an important statistic used by economists, policymakers, and market analysts to assess Switzerland's economic health, international competitiveness, and potential trade policy adjustments.
Methodology
The data is compiled by Switzerland's Federal Customs Administration based on records of physical goods movements across the country's borders.
Historical Context
Analysts closely monitor Switzerland's trade balance to gauge the nation's export performance and potential trade-related pressures or imbalances.
Key Facts
- Switzerland has run a trade surplus since the 1980s.
- Machinery and chemicals are Switzerland's top export categories.
- The trade balance is a key input for Switzerland's current account.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland measures the difference between the value of Switzerland's imports and exports of physical goods.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a crucial indicator of Switzerland's trade position, international competitiveness, and the overall health of its economy.
Q: How is this data collected or calculated?
A: The data is compiled by Switzerland's Federal Customs Administration based on records of physical goods movements across the country's borders.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor Switzerland's trade balance to assess export performance and potential trade-related pressures or imbalances, which can inform trade and economic policies.
Q: Are there update delays or limitations?
A: The trade balance data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland (XTNTVA01CHA664N), retrieved from FRED.