Exports from Switzerland fell 0.5 percent from a month earlier to CHF 18.9 billion in May 2019, dragged down by sales of chemical and pharmaceutical products (-2.4 percent); food, beverages and tobacco (-2.5 percent), and metals (-1.3 percent). By contrast, sales increased for machinery and electronics (2.7 percent); watchmaking 8.9 percent); precision instruments (4.0 percent), and jewellery (8.8 percent). Among major trade partners, exports declined to the US (-1.0 percent); Spain (-10.2 percent); the Netherlands (-2.3 percent); Ireland (-18.2 percent); Austria (-26.7 percent); Singapore (-0.7 percent), and South Korea (-4.2 percent). Meantime, there were increases in exports to China (8.8 percent); Japan (10.3 percent); Germany (2.2 percent); France (2.6 percent), and Italy (5.6 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, according to our econometric models.