Exports from Switzerland decreased 1.7 percent from a month earlier to CHF 18.9 billion in November 2019, due to lower sales of chemical and pharmaceutical products (-1.9 percent), machinery and electronics (-2.3 percent), watches (-2.9 percent), precision instruments (-1.1 percent), metals (-3.5 percent), jewellery (-7.2 percent), and food, beverages and tobacco (-3.3 percent). Among major trade partners, exports dropped to Germany (-6.7 percent), the UK (-10.7 percent), China (-12.2 percent), Singapore (-2.4 percent), and the Middle East (-5.8 percent). Meanwhile, exports rose to Italy (4.3 percent), France (0.8 percent), Belgium (40.3 percent), Spain (7.0 percent), the Netherlands (11.9 percent), Austria (7.7 percent), the US (2.5 percent), Canada (5.3 percent), Japan (0.4 percent), and Hong Kong (3.8 percent). Exports in Switzerland averaged 6696.21 CHF million from 1950 until 2019, reaching an all time high of 20399.45 CHF million in June of 2019 and a record low of 245.90 CHF million in January of 1950.
Exports in Switzerland is expected to be 22200.00 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 23020.00 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.