With the surging franc and growing instabilities across major Middle East, Asian and European nations that account as Switzerland's major trading partners, the downside pressure is starting to be seen on trade and revenue for the nation.

According to figures released today, the trade surplus in March shrank to 1.09 billion from a revised 2.38 billion from 2.49 billion which was highly expected amid the high uncertainty and the devastation seen that month.

Exports slumped heavily affecting the surplus where they dropped 4.8% from a revised 3.6% rise from 4.2%. Imports also affected with the reported rise by 1.3% from a revised 0.9% from 0.3%.