瑞士的贸易顺差从7月份的42亿瑞士法郎收窄至2025年8月的39亿瑞士法郎，为三个月来的最低水平。出口环比下滑1.0%，至220亿瑞士法郎，受手表（-8.6%）和珠宝（-7.5%）销售额下降的拖累。对美国的出口暴跌22.1%（-8.73亿瑞士法郎），为2020年底以来的最低水平，因为华盛顿对瑞士商品征收39%的关税（全球最高之一）继续抑制需求。相比之下，对欧洲的出口增长了1.6%，受奥地利（+43.2%）、波兰（+37.2%）和法国（+23.9%）的推动。与此同时，进口增长0.4%，至181亿瑞士法郎，受能源（+11.6%）、汽车（+2.7%）和化学药品（+0.5%）购买量增加的支撑。在供应商中，奥地利（+13.9%）和斯洛文尼亚（+23.7%）录得显著增长，而德国则大幅下降6.8%，为2020年12月以来的最大跌幅。
Switzerland's trade surplus narrowed to CHF 3.9 billion in August 2025 from CHF 4.2 billion in July, the lowest in three months. Exports slipped 1.0% month-on-month to CHF 22.0 billion, weighed down by lower sales of watches (-8.6%) and jewelry (-7.5%). Exports to the US plunged 22.1% (-CHF 873 million), its weakest level since late 2020, as the impact of Washington’s 39% tariff on Swiss goods—one of the highest globally—continued to curb demand. By contrast, exports to Europe rose 1.6%, boosted by Austria (+43.2%), Poland (+37.2%), and France (+23.9%). Meanwhile, imports rose 0.4% to CHF 18.1 billion, supported by higher purchases of energy (+11.6%), vehicles (+2.7%), and chemical-pharmaceutical products (+0.5%). Among suppliers, Austria (+13.9%) and Slovenia (+23.7%) recorded notable increases, while Germany posted a sharp decline of 6.8%, its steepest since December 2020.
