Imports to Switzerland declined 1.2 percent from a month earlier to CHF 16.1 billion in November 2018, as purchases fell for machinery and electronics (-5.6 percent), metals (-3 percent), and jewelry and bijouterie (-2.9 percent) while imports of chemical and pharmaceutical products were unchanged. On the other hand, imports increased for vehicles (2.5 percent) and textiles, clothing, footwear (3.5 percent). Among major trade partners, imports from the Euro Area went down 0.2 percent, namely from France (-0.6 percent), the Netherlands (-4.1 percent), Austria (-11.7 percent) and Spain (-3.3 percent), while those from Germany and Italy rose 0.5 percent and 2.9 percent respectively. Also, imports dropped from China (-9.6 percent) and the UK (-6.3 percent) but increased from the US (8.7 percent). Imports in Switzerland averaged 6435.83 CHF million from 1950 until 2018, reaching an all time high of 17984.56 CHF million in January of 2018 and a record low of 273.20 CHF million in February of 1950.
Imports in Switzerland is expected to be 19050.00 CHF million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Switzerland to stand at 20850.00 in 12 months time. In the long-term, the Switzerland Imports is projected to trend around 23620.00 CHF million in 2020, according to our econometric models.