Imports to Switzerland dropped 21.9 percent from a month earlier to CHF 12.38 billion in April 2020, the lowest level since July 2005. That was also the largest monthly decline in decades as the lockdown measures imposed to contain the coronavirus pandemic weighed on domestic demand. Purchases were down for chemical & pharmaceutical products (-16.1 percent), machines & electronics (-9.2 percent), metals (-16.5 percent), food & beverage (-5.6 percent) and vehicles (-54.3 percent). Among key trading partner, imports fell from the Euro Area (-21.3 percent), in particular from Germany (-13.3 percent), Italy (-27.9 percent), France (-40.7 percent) and Austria (-22.2 percent). Purchases also decreased from the UK (-10.1 percent), the US (-20.5 percent), Japan (-10.5 percent), Singapore (-3.7 percent), Hong Kong (-84.4 percent) and the Middle East (-83.3 percent), while increases were seen in imports from China (14.4 percent) and South Korea (7.2 percent).
Imports in Switzerland averaged 6642.98 CHF million from 1950 until 2020, reaching an all time high of 17656.68 CHF million in June of 2018 and a record low of 273.20 CHF million in February of 1950. This page provides - Switzerland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Imports - values, historical data and charts - was last updated on June of 2020.
Imports in Switzerland is expected to be 12420.00 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 17120.00 in 12 months time. In the long-term, the Switzerland Imports is projected to trend around 18420.00 CHF million in 2021 and 21520.00 CHF million in 2022, according to our econometric models.