Exports from Switzerland rose 8.5 percent from a month earlier to CHF 20.4 billion in June 2019, driven by sales of chemical and pharmaceutical products (23.8 percent). By contrast, sales decreased for machinery and electronics (-7.5 percent); food, beverages and tobacco (-1.3 percent); metals (-4.7 percent); watchmaking (-7.1 percent); precision instruments (-4.2 percent), and jewellery (-8.5 percent). Among major trade partners, exports rose to the US (15.8 percent); Spain (13.8 percent); the Netherlands (18.7 percent); Ireland (9.1 percent); Austria (1.7 percent); Singapore (5.8 percent); Hong Kong (3.8 percent), and South Korea (2.6 percent). Meantime, there were decreases in exports to China (-4.8 percent); Japan (-3.4 percent); Germany (-0.6 percent); France (-1.5 percent), and Italy (-3.9 percent). Exports in Switzerland averaged 6558.37 CHF million from 1950 until 2019, reaching an all time high of 19396.90 CHF million in February of 2019 and a record low of 245.90 CHF million in January of 1950.
Exports in Switzerland is expected to be 19150.00 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 22720.00 in 12 months time. In the long-term, the Switzerland Exports is projected to trend around 23900.00 CHF million in 2020, according to our econometric models.