Exports from Switzerland increased 1.8 percent from a month earlier to a record CHF 19.2 billion in November 2018, boosted by increases in sales of chemical and pharmaceutical products (3.9 percent), watchmaking (0.5 percent), precision instruments (0.7 percent), and food, beverages and tobacco (2.9 percent). By contrast, there were declines in exports of machinery and electronics (-0.9 percent), metals (-2.3 percent), and jewelry and bijouterie (-2.0 percent). Among major trade partners, exports rose to China (14.1 percent), the US (4.7 percent) and the UK (1.8 percent). Meantime, exports to the Euro Area fell 0.8 percent, in particular to Germany (-6.1 percent) and France (-2.3 percent). Still, there were gains in exports to Italy (1.9 percent), the Netherlands (13.4 percent), Austria (38.2 percent) and Spain (17.1 percent). Exports in Switzerland averaged 6512.63 CHF million from 1950 until 2018, reaching an all time high of 19195.05 CHF million in November of 2018 and a record low of 245.90 CHF million in January of 1950.
Exports in Switzerland is expected to be 20890.00 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 22750.00 in 12 months time. In the long-term, the Switzerland Exports is projected to trend around 24500.00 CHF million in 2020, according to our econometric models.