Exports from Switzerland fell 0.3 percent from a month earlier to CHF 19.4 billion in March 2019, dragged down by sales of chemical and pharmaceutical products (-0.4 percent); machinery and electronics (-1.7 percent) and metals (-3.4 percent). By contrast, shipments went up for watchmaking (1.0 percent); precision instruments (1.1 percent); jewellery (5.2 percent) and food, beverages and tobacco (1.9 percent). Among major trade partners, exports declined to the US (-9.2 percent), Spain (-13.0 percent), the Netherlands (-7.0 percent), Singapore (-7.4 percent), South Korea (-4.2 percent), and the UAE (-3.6 percent). Meanwhile, there were increases in exports to Germany (1.4 percent), France (10.5 percent), Italy (10.3 percent), China (2.4 percent), Japan (15.5 percent) and Austria (21.5 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.