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The trade surplus in Switzerland widened to CHF 6.0 billion in October 2024, the highest level on record, up from a revised CHF 4.0 billion in September. Month-on-month, exports surged 10.2% to CHF 24.4 billion, driven by sharply higher sales of jewelry (+28.8%), vehicles (+23.7%), chemical and pharmaceutical products (+15.6%), and watches (+5.1%). Among trading partners, demand rose notably in Slovenia (+105.3%), Brazil (+29.4%), South Africa (+22.2%), and Japan (+20.1%). Meanwhile, imports grew at a much slower rate of 1.8%, reaching CHF 18.4 billion, with increases in purchases of chemical and pharmaceutical products (+6.6%), jewelry (+5.7%), and paper and graphic products (+1.9%). By trading partner, imports primarily grew from Slovenia (+54.6%), Hong Kong (+30.7%), Egypt (+29.4%), and the Netherlands (+21.3%). For the January-to-October period, the trade surplus expanded to CHF 39.5 billion, up from CHF 31.8 billion in the same period last year.