Exports from Switzerland increased 2.3 percent from a month earlier to an all-time high of CHF 19.4 billion in February 2019, driven by sales of chemical and pharmaceutical products (3.9 percent); watchmaking (1.1 percent); metals (3.2 percent); and jewellery (0.8 percent). By contrast, exports declined for machinery and electronics (-0.1 percent), precision instruments (-0.2 percent), and food, beverages and tobacco (-0.5 percent). Among major trade partners, exports rose to Germany (0.2 percent), the Netherlands (4.3 percent), Spain (74.8 percent), the UK (11.6 percent), the US (9.1 percent), Canada (1.8 percent) and the Middle East (11.9 percent). Meanwhile, there were declines in exports to France (-1.6 percent), Italy (-5.1 percent), Austria (-21.4 percent), China (-4.5 percent), Japan (-8.4 percent), Hong Kong (-2 percent) and Singapore (-20.5 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 19760.00 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 23200.00 in 12 months time. In the long-term, the Switzerland Exports is projected to trend around 24900.00 CHF million in 2020, according to our econometric models.