Imports to Switzerland declined 1.8 percent from a month earlier to CHF 16.22 billion in October 2018, as purchases fell for chemical and pharmaceutical products (-10.6 percent), machinery and electronics (-1.2 percent) and vehicles (-1.7 percent). Meanwhile, imports increased for metals (3 percent), jewelry and bijouterie (7.9 percent), and textiles, clothing, footwear (3.5 percent). Among major trade partners, imports from the Euro Area went down 1 percent, namely from Germany (-0.7 percent), Italy (-3.9 percent) and the Netherlands (-8 percent), while those from France and Spain rose 18.4 percent and 8.5 percent, respectively. Also, imports dropped from the US (-4.4 percent), but increased from China (11.7 percent), Japan (38.6 percent) and the UK (0.3 percent). Imports in Switzerland averaged 6424 CHF million from 1950 until 2018, reaching an all time high of 17986.09 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 19050.00 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 20850.00 in 12 months time. In the long-term, the Switzerland Imports is projected to trend around 23620.00 CHF million in 2020, according to our econometric models.