Exports from Switzerland slumped 11.7 percent from a month earlier to CHF 16.71 billion in April 2020, the lowest level since November 2016, as several countries imposed coronavirus-related restrictions. It was also the largest monthly decline in decades, due to plunging sales of watches (-72.6 percent), chemical & pharmaceutical products (-4.8 percent), machines & electronics (-4.5 percent), precision instruments (-18.2 percent) and metals (-13.1 percent). Among key trade partners, exports were down to the Euro Area (-14.1 percent), in particular to Germany (-16.4 percent), Italy (-13.0 percent), France (-17.4 percent) and Austria (-21.8 percent). Exports also dropped to the UK (-24.0 percent), the US (-35.2 percent), China (-3.9 percent), Japan (-5.8 percent), South Korea (-8.8 percent), Hong Kong (-43.8 percent) and the Middle East (-7.7 percent). On the other hand, exports increased to Singapore (1.3 percent), Canada (24.2 percent) and Brazil (51.9 percent).
Exports in Switzerland averaged 6765.87 CHF million from 1950 until 2020, reaching an all time high of 20695.14 CHF million in June of 2019 and a record low of 245.90 CHF million in January of 1950. This page provides the latest reported value for - Switzerland Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Switzerland Exports - values, historical data and charts - was last updated on June of 2020.
Exports in Switzerland is expected to be 14920.00 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 19100.00 in 12 months time. In the long-term, the Switzerland Exports is projected to trend around 21900.00 CHF million in 2021 and 23700.00 CHF million in 2022, according to our econometric models.