Exports from Switzerland increased 6 percent from a month earlier to a record CHF 18.86 billion in October 2018, boosted by increases in sales of chemical and pharmaceutical products (11.5 percent), machinery and electronics (0.3 percent), watchmaking (4.2 percent), precision instruments (0.4 percent) and metals (0.4 percent). By contrast, exports of jewelry and bijouterie dropped 9.6 percent. Among major trade partners, exports to the Euro Area rose 9.9 percent, mainly to Germany (3.8 percent), France (6.1 percent), the Netherlands (40.4 percent) and Spain (6.1 percent) while those to Italy declined 1.1 percent. In addition, sales increased to China (7 percent), Japan (1.8 percent) and the US (0.7 percent). By contrast, exports dropped to the UK (-9.7 percent) and Poland (-7.4 percent). Exports in Switzerland averaged 6497.26 CHF million from 1950 until 2018, reaching an all time high of 18858.98 CHF million in October of 2018 and a record low of 245.90 CHF million in January of 1950.
Exports in Switzerland is expected to be 20890.00 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 22750.00 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.