Exports from Switzerland went up 1.1 percent from a month earlier to CHF 18.9 billion in January 2019, driven by sales of chemical and pharmaceutical products (0.7 percent); machinery and electronics (1.5 percent); watchmaking (4.2 percent); precision instruments (0.4 percent); metals (0.9 percent); and food, beverages and tobacco (2.7 percent). By contrast, exports of jewellery dropped 4.2 percent. Among major trade partners, exports rose to Germany (4.4 percent), the Netherlands (7 percent), Austria (16.8 percent), China (11.1 percent) and Japan (10.3 percent). Meanwhile, there were declines in exports to the US (-3.7 percent), Italy (-0.1 percent), France (-8.3 percent), the UK (-11.9 percent) and Spain (-7.5 percent). Exports in Switzerland averaged 6542.64 CHF million from 1950 until 2019, reaching an all time high of 19158.58 CHF million in November of 2018 and a record low of 245.90 CHF million in January of 1950.
Exports in Switzerland is expected to be 21460.00 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 23200.00 in 12 months time. In the long-term, the Switzerland Exports is projected to trend around 24500.00 CHF million in 2020, according to our econometric models.