Pharmaceuticals represent the fastestgrowing among the top 10 export categories, up by 10. International trade in goods and services by country and commodity. Switzerland che exports, imports, and trade partners oec. Us tariffs would have a significant impact on exports of swiss pharmaceutical products. Graph and download economic data for exports of goods and services in switzerland cheexportadsmei from 1980 to 2018 about switzerland, exports, services, and goods. Exports of goods and services annual % growth switzerland. Globally, swiss watch industry exports continued to profit from the recovery of some key markets in asia and benefited from a very favourable base effect in october. Swiss exports of chemicals increase by 9 per cent the top ten exporters of chemicals remained mostly unchanged in 2016 see chart 4. For comparison, the world average in 2018 based on 162.
Merchandise trade statistics switzerland che exports and imports, with partner countries including number of products, partner share, share in total products, mfn and effectively applied tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2016. Strong growth in swiss watch exports so far in 2017. Switzerland is a very important partner of the eu for trade in services, in particular for commercial services. Jan 26, 2017 following a decline the previous year, foreign trade grew again in 2016, with chemicals and pharmaceuticals shaping the trend. Imports were down from france, italy, but were up from germany and austria. Exports from switzerland have been increasing year on year and stand at around chf200 billion yearly with the main export partners being united states, germany, france and italy. Pharmaceuticals achieved the fastestgrowing increase in value among the top 10 import categories, up 5. That has encouraged speculation in swiss watch circles that the u.
Switzerland exports, imports and trade balance by country 2016 in 2016, switzerland major trading partner countries for exports were germany, united states, united kingdom, china and hong kong, china and for imports they were germany, united states, italy, united kingdom and united arab emirates. Share of swiss watch exports to greater china 2014. Switzerland imports 19502020 data 20212022 forecast. In the end, swiss watch industry exports fell just short of the 20 billion francs mark. On the other hand, imports rose for chemical and pharmaceutical products, jewelry, and fuels. These findings are based on india export database of infodriveindia and is based on shipping bills and bills of entry filed at indian customs.
Exports of goods and services % of gdp switzerland. International by james buttery on february 18, 2016. Swiss producer and import prices fall for 14 month. The economy of switzerland ranks first in the world in the 2015 global innovation index and the 2017 global competitiveness report.
Drugmakers with manufacturing operations in the country would be impacted. Click here to download our media pack to learn more about print and online. A discreet crossroads for the worlds gold swi swissinfo. Exports to destination imports from origin exports by product imports by product trade balance. Swiss watch exports plunged 16 percent in october, the biggest monthly drop in seven years, as demand weakened in almost every major market for rolex and omega timepieces. Switzerland is 11th in the ranking of foreign direct investments. Exports of goods for switzerland from state secretariat for economic affairs seco switzerland for the gross domestic product release. Liechtenstein exports, million currency units, december. Business news blue skies for swiss watch exports in may. The 2018 annual report on swiss foreign trade not only provides an overview, but also shows the development of foreign trade by goods, continent and country. The latest information can be viewed in the imi document on the right. Only the trade balance can express productivity increases, while reer assumes constant productivity in comparison to neighbours. Aug 23, 2016 july marked another yet another weak month for sales of swiss watches with exports falling 14.
Swiss watch exports have biggest monthly drop in seven. Download historical data for 20 million indicators using your browser. And it follows a couple months of consistently positive figures. If and when the submission is deemed complete, it will be posted to the u. That has encouraged speculation in swisswatch circles that the u. Oec switzerland che exports, imports, and trade partners. In a short release from the federation of the swiss watch industry fh titled strong growth, the nonprofit trade association reported an overall 9% rise in exports in may 2017 over the same period in 2016. Switzerlands top 10 exports 2019 worlds top exports. Swiss merchandise exports to the eu are concentrated on a few sectors, particularly chemicalspharma and medicinal products, machinery, instruments and watches. Based on the latest business tendency survey from eth zurich kof with swiss watch manufacturers, we estimate 2016 will see a 9% decline in swiss watch demand with exports declining by the same amount.
Among key trade partners, exports were down to the euro area, in particular to. Among key trade partners, exports were down to the euro area, in particular to germany, france, and austria. Arms exports france and us buy most swissmade small arms. For that indicator, the world bank provides data for switzerland from 1970 to 2018. Exports of goods and services annual % growth switzerland from the world bank. The situation of swiss watch industry exports improved steadily in the course of 2017. Graph and download economic data for exports of goods and services in switzerland cheexportqdsmei from q1 1980 to q3 2019 about switzerland, exports, services, and goods. During the last five years the exports of switzerland have increased at an annualized rate of 0. Switzerlands top 10 imports accounted for just over threequarters 75. Oct 09, 2019 graph and download economic data for exports of goods and services in switzerland cheexportadsmei from 1980 to 2018 about switzerland, exports, services, and goods. Export is an important component of the national gdp. Download the full dataset for all countriesexcel 5 mb. Meanwhile, sales rose to the uk, china and south korea, but fell sharply to the us.
For us, the trade balance decides if a currency is overvalued. Swiss watches exported, by material worldwide 20162018. The sme export outlook for the second quarter of 2016 will be published on april 14, 2016. The economy of switzerland is one of the worlds most advanced free market economies. The average value for liechtenstein during that period was 837. Nov 22, 2016 swiss watch exports plunged 16 percent in october, the biggest monthly drop in seven years, as demand weakened in almost every major market for rolex and omega timepieces. Dismal january for switzerland as watch exports slump 8%. Swiss watch exports have worst year since financial crisis.
In 2017, the swiss exports rate remarkably grew in terms of value chf. Jan 29, 2020 switzerlands top 10 exports accounted for 86. However, the two other large groups machinery and electronics, and watches were unable to participate in the growth. By far the best news for the swiss in the september data is that their longsuffering top market, hong kong, is on the mend. Mar 19, 2019 the graph presents the number of swiss watches exported worldwide from 2016 to 2018, by material. In 2016, switzerland major trading partner countries for exports were germany, united states, united kingdom, china and hong kong, china and for imports. Swiss watch exports in 2017 growth returns sooner than expected. Exports to switzerland top products exported from india. Therefore, a change in its volume is one of the factors in assessing the economic development. Brands will need to focus far more on sellthrough than sellin throughout 2016 to halt the decline in swiss exports. This page displays a table with switzerland exports by country in u. Liechtenstein exports, million currency units, december, 2019.
Switzerland exports 19502020 data 20212022 forecast. Methodology of the credit suisse export barometer the credit suisse export barometer takes as its basis the dependence of swiss exports on foreign export markets. We would look to revise downwards our swiss pharmaceutical trade forecasts if tariffs are implemented, although place a low likelihood on this outcome. Following a decline the previous year, foreign trade grew again in 2016, with chemicals and pharmaceuticals shaping the trend. Jan 01, 2017 swiss watch exports in 2017 growth returns sooner than expected. The graph presents the number of swiss watches exported worldwide from 2016 to 2018, by material. Infodriveindia presents detailed analysis of india exports to switzerland with detailed break up at major hs codes, products and ports. For that indicator, liechtenstein statistics provides data for liechtenstein from q1 2009 to q4 2019. The us companies, industries, and states that will suffer the most in a uschina trade war. Feb 21, 2017 arms exports france and us buy most swiss made small arms. The exports in switzerland have averaged around 6000 chf million from around 1950 until 2015, with a high of around 20000 chf million at the end of 2014 and a low of around 240 chf million at the start of 1950. World merchandise exports fell by 3 per cent in 2016 in value terms.
The nearly doubledigit jump marked the fourth consecutive rise in export value. Swiss watch export growth to uk levels out in october but. This decrease was mostly caused by the continuing decline in exports of fuels and mining products 14 per cent in 2016. On the distribution side, a presumably tighter stock level was another factor conducive to recovery.
According to united nations data for 2016, switzerland is. Swiss watch exports end 2016 at a negative luxury daily. Data learn how the world bank group is helping countries with covid19 coronavirus. The federation of the swiss watch industry reports that while watch exports continued to recover in december 2016, the sector still remains in the negative. Switzerlands top 10 imports 2020 worlds top exports. Exports of goods and services % of gdp switzerland from the world bank. Also, imports rose from the uk, while declines were. Exports, million currency units in liechtenstein, december, 2019. Aug 23, 2016 we do not like purchasing power or real effective exchange rate reer. Swiss watch export value by material 20162018 statista. Switzerland product exports and imports 2016 value of products imported and exported by switzerland from all countries along with their product share, most favored nation mfn and effectively applied tariffs ahs for the year 2016.
Based on the swiss environmental protection law, the ordinance on the return, the taking back and the disposal of electrical and electronic appliances ordea entered into force in 1998. In second place for improving export sales were organic chemicals thanks to a 6. After declining for two years and reaching a new threshold, demand gradually picked up again. Foreign trade statistics eidgenossische zollverwaltung. Analysts forecast 9% decline for swiss watches in 2016. In 2016, swiss companies invested usd 372 million in indonesia, creating more than 20,000 local jobs. Exports, million currency units in liechtenstein, december, 2019 for that indicator, liechtenstein statistics provides data for liechtenstein from q1 2009 to q4 2019. Switzerland balance of trade 19502020 data 20212022. France and us buy most swissmade small arms swi swissinfo.
Switzerland product exports and imports by world 2016. Exports to italy were roughly level with october 2016 at chf 105m. The average value for switzerland during that period was 49. Embassy in switzerland assumed responsibility for promoting the export of u. Exports of goods and services in switzerland cheexportadsmei. Bilateral trade between switzerland and indonesia has also grown. The graph presents the export value of swiss watches from 2016 to 2018, by material. Switzerland exports, imports and trade balance by country 2016. Reserve your spot now at a discover global markets event in 2016.
Why switzerland is nevadas biggest foreign export market quartz. This page provides forecast and historical data, charts, statistics, news and updates for switzerland exports of goods. This unprecedented national series of conferences was designed to help u. Is time running out for switzerlands luxury watch sales. F inally, some positive numbers from the embattled watch industry. In 2018, the export value of swiss steel watches was approximately 8. Exports of goods and services % of gdp switzerland data. We do not like purchasing power or real effective exchange rate reer. The service sector has come to play a significant economic role, particularly the swiss banking industry and tourism.