Imports to Switzerland dropped 1.1 percent from a month earlier to CHF 16.7 billion in November 2019, as purchases fell for chemical and pharmaceutical products (-9.0 percent) and energy products (-16.2 percent). On the other hand, imports rose for machinery and electronics (0.7 percent), vehicles (20.8 percent), jewellery (3.5 percent), metals (0.1 percent), textiles, clothing, footwear (2.0 percent), food, beverages and tobacco (0.4 percent), and precision instruments (2.6 percent). Among major trade partners, imports were down from Germany (-0.7 percent), Italy (-1.7 percent), France (-1.2 percent), Belgium (-0.9 percent), Austria (-9.0 percent), Ireland (-30.1 percent), the UK (-4.2 percent), Japan (-27.0 percent), Hong Kong (-7.6 percent), Singapore (-51.4 percent), and the Middle East (-0.9 percent). By contrast, imports increased from China (0.2 percent), the US (56.9 percent), Spain (9.3 percent), and the Netherlands (0.3 percent). Imports in Switzerland averaged 6589.88 CHF million from 1950 until 2019, reaching an all time high of 17704.58 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 18150.00 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 19980.00 in 12 months time. In the long-term, the Switzerland Imports is projected to trend around 21420.00 CHF million in 2020, according to our econometric models.