In Q2 2026, the current account balance was CHF 24 billion, up CHF 13 billion on the same quarter in 2025. It should, however, be noted that the surplus was relatively low in Q2 2025. This rise in the current account balance was mainly due to trade in goods. While the merchanting balance increased significantly compared to Q2 2025, the balance of (non-monetary) gold trading was less negative. Compared to trade in goods, the balance of trade in services as well as the primary and secondary income balances changed only marginally compared to Q2 2025. Transactions reported in the financial account in Q2 2026 showed a net reduction of financial assets (CHF 6 billion) and of liabilities (CHF 12 billion).
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