Imports to Switzerland increased 3.4 percent from a month earlier to CHF 17.6 billion in August 2019, mainly due to higher purchases of chemical and pharmaceutical products (2.5 percent), vehicles (3.1 percent); jewellery (22.8 percent); and energy products (3.2 percent). On the other hand, imports dropped for: machinery and electronics (-1.9 percent); food, beverages and tobacco (-1.9 percent); metals (-3.0 percent), and textiles, clothing, footwear (-5.9 percent). Among major trade partners, imports were up from Germany (0.8 percent), France (19.7 percent), Belgium (14.4 percent), Austria (25.3 percent), the UK (11.7 percent), Spain (0.8 percent), the Middle East (2.8 percent), China (8.7 percent), and the US (2.9 percent). Still, purchases decreased from Italy (-12.4 percent), the Netherlands (-7.1 percent), and Japan (-19.9 percent). Imports in Switzerland averaged 6552.55 CHF million from 1950 until 2019, reaching an all time high of 17708.65 CHF million in January of 2018 and a record low of 273.20 CHF million in February of 1950.
Imports in Switzerland is expected to be 17450.00 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 19420.00 in 12 months time. In the long-term, the Switzerland Imports is projected to trend around 21420.00 CHF million in 2020, according to our econometric models.