Switzerland is the 18th largest export economy in the world and the 2nd most complex economy. Switzerland exported $285B, making it the 18th largest exporter in the world. Switzerland imported $273B, making it the 17th largest importer in the world.
Switzerland has a small domestic market and limited mineral resources, which makes the nation reliant on imports. Switzerland processes several import commodities and resells them to its trade partners at a profitable margin. Switzerland is acknowledged globally for being a principal exporter of chocolates and watches. However, currently, more than half the Swiss exports comprise chemicals and electrical and mechanical engineering products.
Imports to Switzerland decreased 0.8 percent from a month earlier to CHF 17.1 billion in June 2019, mainly due lower purchases of machinery and electronics (-2.6 percent); jewellery (-23.1 percent); and metals (-1.7 percent). On the other hand, imports rose for: pharmaceutical products (6.0 percent); vehicles (2.8 percent); textiles, clothing, footwear (0.3 percent), and food, beverages and tobacco (2.7 percent). Among major trade partners, imports went down from the US (-7.2 percent); China (-0.9 percent); Germany (-4.1 percent); France (-13.2 percent); Belgium (-17.2 percent); Italy (-1.0 percent); Spain (-4.9 percent); Austria (-9.4 percent), and Singapore (-16.6 percent) while imports fell from Japan (9.0 percent); Ireland (30.2 percent). Imports in Switzerland averaged 6475.32 CHF million from 1950 until 2019, reaching an all time high of 17759.64 CHF million in January of 2018 and a record low of 273.20 CHF million in February of 1950.
Imports in Switzerland is expected to be 17520.00 CHF million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Switzerland to stand at 19950.00 in 12 months time. In the long-term, the Switzerland Imports is projected to trend around 21420.00 CHF million in 2020.
Swiss imports rose the most since 2010 and surpassed the CHF 200 billion mark for the first time despite the global economic uncertainties. Main imports were: chemical and pharmaceutical products (25 percent of total imports), of which medicines (10 percent); machines and electronics (16 percent); vehicles (10 percent); jewellery (8 percent); metals (8 percent); textiles, clothing and shoes (6 percent); food, beverages and tobacco (5 percent) and energy sources (5 percent). Swiss main import partners were: Germany (27 percent of total imports), Italy (9 percent), France (8 percent), China (7 percent), the US (6 percent), Ireland, Austria and the UK (4 percent each).
Exports from Switzerland rose 8.5 percent from a month earlier to CHF 20.4 billion in June 2019, driven by sales of chemical and pharmaceutical products (23.8 percent). By contrast, sales decreased for machinery and electronics (-7.5 percent); food, beverages and tobacco (-1.3 percent); metals (-4.7 percent); watchmaking (-7.1 percent); precision instruments (-4.2 percent), and jewellery (-8.5 percent). Among major trade partners, exports rose to the US (15.8 percent); Spain (13.8 percent); the Netherlands (18.7 percent); Ireland (9.1 percent); Austria (1.7 percent); Singapore (5.8 percent); Hong Kong (3.8 percent), and South Korea (2.6 percent). Meantime, there were decreases in exports to China (-4.8 percent); Japan (-3.4 percent); Germany (-0.6 percent); France (-1.5 percent), and Italy (-3.9 percent). Exports in Switzerland averaged 6558.37 CHF million from 1950 until 2019, reaching an all time high of 19396.90 CHF million in February of 2019 and a record low of 245.90 CHF million in January of 1950.
Exports in Switzerland is expected to be 19150.00 CHF million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Switzerland to stand at 22720.00 in 12 months time. In the long-term, the Switzerland Exports is projected to trend around 23900.00 CHF million in 2020.
Swiss exports rose the most since 2010 and reached a record high of CHF 233 billion despite the global economic uncertainties. Main exports were: chemical and pharmaceutical products (45 percent of total exports), of which medicines (19 percent) and immunological products (12 percent); machines and electronics (14 percent); watches (9 percent); precision instruments (7 percent); metals (6 percent); and jewelry (5 percent). Swiss main export partners were: Germany (18 percent of total exports), the US (16 percent), France and Italy (6 percent each), China (5 percent) and the UK (4 percent).
