Exports from Switzerland declined 2.1 percent from a month earlier to CHF 17.83 billion in September, dragged by decreases in sales of of watchmaking (-5.2 percent), precision instruments (-2.6 percent); metals (-3.7 percent); chemical and pharmaceutical products (-1.2 percent), and machinery and electronics (-0.2 percent). By contrast, there was an increases in exports of jewelry and bijouterie (4.2 percent). Among major trade partners, exports to the EU decreased 1 percent, mainly to Germany (-2.1 percent), France (-2.8 percent), the Netherlands (-22 percent), and Spain (-4 percent) while those to Italy and Austria went up 1.3 percent and 18.9 percent, respectively. In addition, sales dropped to China (-12.4 percent), India (-3.6 percent), and the US (-1.4 percent). By contrast, exports increased to Japan (21.6 percent); Singapore (1.1 percent), and Turkey (54.9 percent). Exports in Switzerland averaged 6468.75 CHF million from 1950 until 2018, reaching an all time high of 18821.29 CHF million in December of 2017 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.