Machinery chemicals watches textiles precision instruments tourism banking insurance pharmaceuticals, Optical, photo, technical, medical apparatus, Works of art, collectors pieces and antiques, Pharmaceuticals: US$88.2 billion (27.6% of total exports), Gems, precious metals: $86.2 billion (27%), Machinery including computers: $21.2 billion (6.6%), Clocks, watches including parts: $18.2 billion (5.7%), Optical, technical, medical apparatus: $16.7 billion (5.2%). Please check your download folder. Raw materials, food, vegetable oils, and fuel account for about one-quarter of total imports and are transported by rail, truck, and barge. Weapons exports made up only 0.14% of Switzerland's total exports in 2016, said the SFAO. Switzerland is a democratic country subscribing to the fundamental ideals with which the United States also identifies. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. About one-third of Switzerland's land is devoted to agricultural production (grains, fodder, vegetables, fruits, and vineyards) and pasture. Switzerland exports for 2018 was $486.60B, a 6.14% increase from 2017. This is a list of major countries by food self-sufficiency rates on a calorie supply basis.List by Japans Ministry of Agriculture, Forestry and Fisheries. From the medieval Old Town of Berne to the futuristic city of Brasilia, from the tiny convent of Mstair to the imposing cathedral of Chartres, from the fertile terraced vineyards of Lavaux to the vast desert of Tnr all have one thing in common: they are UNESCO World Heritage Sites. Exports from Switzerland rose 4.1% month-over-month to CHF 22.8 billion in September of 2022, boosted by sales of chemicals and pharmaceuticals; machinery and electronics; watches, and precision instruments. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. Moreover, the uncertainties surrounding energy supply are unlikely to be limited to this winter alone. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook However, it is the mountains which have proven to be integral to Switzerland's national identity. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Switzerland imported US$322.6 billion worth of goods from around the globe in 2021. Switzerland imports for 2021 was $448.39B, a 11.32% increase from 2020. Switzerland $455M (+ 39.8%) Service Trade Service Trade Export Year Import Year Ireland Exports Services (2018) $140B Ireland Imports Services (2018) $278B In 2018, Ireland exported $140B worth of services. Raw materials, food, vegetable oils, and fuel account for about one-quarter of total imports and are transported by rail, truck, and barge. Aircraft and spacecraft $139.1 billion. Luxury Escapes. It is a federal republic composed of 26 cantons, with federal authorities based in Bern.. Switzerland is bordered by Italy to the south, France to the west, Germany to the north and Austria and Liechtenstein to the east. Based on average exchange rates for 2021, the Swiss franc appreciated by 4.7% against the US dollar since 2017 and increased by 5.5% from 2020 to 2021. Overview: The Fed delivered the expected 75 bp rate hike, and although it says it will take into account the cumulative effect of past hikes and their lagged impact, the takeaway has been a hawkish message. Other pillars of the economy include the service sector, mainly banking and tourism. 48 of the mountains are over 4,000 metres/ 13,120 feet high. According to customs statistics, in 2020 Switzerland exported goods to the value of CHF 225 billion (excluding merchanting). Switzerland: Main export partners in 2019 [Graph]. What are the top 3 Exports of Switzerland? Home Subjects Math Science History Arts & Humanities Social Studies Engineering & Technology Business Other. Corporate solution including all features. The U.S. goods and services trade deficit with Switzerland was $5.0 billion in 2019. Directly accessible data for 170 industries from 50 countries Comment sorted by Best Top New Controversial Q&A Add a Comment The top exports of Switzerland in 2013 were Gold ($94.1B), Packaged Medicaments ($31.1B), Human or Animal Blood ($17.8B), Base Metal Watches ($13.4B) and Precious Metal Watches ($9B), using the 1992 revision of the HS (Harmonized System) classification. Its strong economy is attributed to its export sector which ranks seventeenth globally. See on Internet Archive. One of Switzerland's main and most valuable trading partners is Germany, an importer of a vast amount of Swiss products. "Switzerland: Main Export Partners in 2019. Top 10 Swiss Imports from Germany Germany's exports to Switzerland amounted to We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. What does the UK import from Switzerland? Exports from Switzerland totaled $379.9 billion in 2021. Use Ask Statista Research Service, COVID-19 deaths worldwide as of November 8, 2022, by country and territory, COVID-19 cases worldwide as of November 8, 2022, by country or territory, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of November 8, 2022, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Nov. 7, 2022, by day. The second place is occupied by medicines, with almost 6%, and cars and car parts with almost 5%. Switzerland's GDP grew by 0.3% q/q in the second quarter, slowing from a 0.5% increase in the first. Last update29.12.2021, eda.base.components.navigation.top.search, Swiss contribution to selected EU member states, The New Rail Link through the Alps (NRLA) serving Europe, Solar Impulse Around the world in a solar-powered aircraft, A sparkling metallic-grey shard of rock crystal in the heart of the Alps, Protecting cultural and natural heritage of universal value. (212) 419-8294. vianny.gutierrez-cruz@statista.com. The EU and, in particular, Germany, are Switzerland's main trading partners. Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. The mountains, for example, have been the selling point of the Swiss tourist industry for more than 100 years. Download Historical Data How many days do you need in Bilbao and San Sebastian? The most important trade partners are the so called "industrialized countries". The ideal entry-level account for individual users. What is Switzerland known for economically? The country also relies heavily on imports from other EU countries. has also increased. The countrys strong economy is powered by low corporate tax rates, a highly-developed service sector led by financial services and a high-tech manufacturing industry. As always, cost of living is a major concern for Switzerland.Switzerland was also ranked only 16th when it came to being the most influential. It is located in north-central Switzerland, at the northwestern tip of Lake Zrich. U.S. goods and services trade with Switzerland totaled an estimated $134.4 billion in 2019. facts. Risk appetites have evaporated. Published on October 30, 2022. Machinery (including computers and hardware) $213.1 billion. Is lunch break included in working hours Germany? This is one of the fastest growing areas of US exports, up 37% in just the last year. Germany was estimated to be Switzerland's main export partner in 2019 with a share of 16 percent. GDP was driven by private consumption and business investments in equipment and software. What does Switzerland mainly produce? Skip to main content. Related Topics . Switzerland is a leading exporter of high-end watches and clocks. The main industries in Switzerland are banking and finance. The trade surplus remained throughout the whole period, reaching 33 billion in 2021. Data are in current U.S. dollars. She is always on the lookout for her next adventure, and she loves nothing more than discovering something new about life. In 2020 Switzerland imported goods to the value of CHF 182 billion, around two thirds of which came from EU countries and over 27% from Germany alone. Switzerland is a Christian country. In 2019, Switzerland bought US$277.2 billion worth of imported products up by 9.5% since 2015 and down by -0.5% from 2018 to 2019. The healthcare in Switzerland is universal and is regulated by the Swiss Federal Law on Health Insurance. This is despite Switzerland having just 0.1% of the world's population. Switzerland trade balance, exports and imports by country In 2016, Switzerland major trading partner countries for exports were Germany, United States, United Kingdom, China and Hong Kong, China and for imports they were Germany, United States, Italy, United Kingdom and United Arab Emirates. Americas biggest export products by value in 2020 were refined petroleum oil, crude oil, cars, electronic integrated circuits and petroleum gases. Switzerland is renowned for its exports of fine watches and products such as chocolate and cheese. It has three distinct geographical regions: the Alps, the Central Plateau and the Jura. During the last five reported years the exports of Switzerland have changed by $13.2B from $292B in 2015 to $305B in 2020. In 2003, 77.2% of the exported goods were shipped to and 89.0% of the imported goods came from those countries. Soybeans were the number one product in this category, with sales of $22 billion, followed by meat and poultry at $18 billion. The EU is Switzerland's main trading partner. Swiss merchandise exports to the EU are concentrated in a few sectors, particularly chemicals . However, some barriers to trade remain in a select few areas of Switzerland that present limitations to U.S. market opportunities. Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Switzerland has maintained a low level of public debt relative to other countries even during the COVID-19 crisis. ZrichZrich (see below) is the largest city in Switzerland and the capital of the canton of Zrich. Soybeans were the number one product in this category, with sales of $22 billion, followed by meat and poultry at $18 billion. Switzerland trade balance, exports and imports by country 2016 In 2016, Switzerland major trading partner countries for exports were Germany, United States, United Kingdom, China and Hong Kong, China and for imports they were Germany, United States, Italy, United Kingdom and United Arab Emirates . Quality, precision, uniqueness, reliability, tradition, design, innovation these are just a few of the words that sum up the Swiss watchmaking industry an industry which manages to produce timepieces that are diminutive yet highly complex, traditional yet state-of-the art. The services sector, e.g. and over 1Mio. In the Swiss federal state, direct democracy and the federal system ensure individual autonomy as well as cohesion. What are the main industries in Switzerland? Click Export. Japan's Top 10 Export Goods. Machinery chemicals watches textiles precision instruments tourism banking insurance pharmaceuticals, Optical, photo, technical, medical apparatus, Works of art, collectors pieces and antiques, Pharmaceuticals: US$88.2 billion (27.6% of total exports), Gems, precious metals: $86.2 billion (27%), Machinery including computers: $21.2 billion (6.6%), Clocks, watches including parts: $18.2 billion (5.7%), Optical, technical, medical apparatus: $16.7 billion (5.2%). Otherwise why both import and export gold in such quantities? The goods imported were primarily from the chemical and pharmaceuticals industries (machinery, electronic goods, vehicles). By value, the 15 major product categories listed below represent 78.9% of Switzerland's imports from Germany. 19919.661208. Next to that, electronic equipment and computer peripherals are also included in the list with a value of 121.8 billion USD. Switzerland's financial sector is a global leader in wealth management, with Swiss banks, insurance companies and pension funds generating around 10% of the country's value-added. Even though Switzerland tops the world rankings for rail travel by passenger-kilometres per capita, the car remains the country's favourite means of transport. The five largest importers of Swiss weapons were Germany, South Africa, the US, India and Pakistan. Solar Impulse has brought the dream of flying over long distances without the need for fossil fuel a step closer to reality. The Swiss love their sport, especially outdoor pursuits. Switzerlands major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. The Swiss economy is service-oriented, but also has a strong, export-focused industrial sector. The Swiss soils, terrain, and climate do not favor agriculture particularly and farms are usually family enterprises, mostly small in size.Dairy products, such as cows milk and world-renowned Swiss cheeses, make up a significant portion of the agricultural revenue. From loose pile-dwelling settlements to the modern federal Swiss state: key periods. A special feature of the Swiss landscape is its abundant natural ecosystems and their proximity to urban centres. The first place in Switzerland's exports is occupied by gold with almost 20% and the second place is occupied by pharmaceuticals that represent almost 11.5% of the country's total exports. For example, Switzerland's Exports rank is higher than 92.51% of the countries in the dataset. Sales grew mainly to France (4.3%), Spain (107.0%), Japan (2.9%), and the US (5.4%). A negative balance of trade preserves. The country boasts an extraordinary variety of landscapes and habitats, which make it a highly attractive place to live in and do business. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. Around two-thirds of the population are either Roman Catholic or Protestant (Reformed-Evangelical). The export to Switzerland in the year 2017 was valued at 139,483.59 USD Million while now it is 151,739.61 USD Million which is increased by 8.79%. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in . November 2022 Monthly. Aircraft and spacecraft $139.1 billion. The first table below shows top trading partners of Switzerland in terms of export sales (selling), including Germany, United States, and France. What does the UK import from Switzerland? Switzerland has the highest mountains in Europe. Switzerland's top export destinations are Germany ($47.9 billion), the United States ($39.7 billion), China ($30.4 billion), France ($19.2 billion), and India ($18.4 billion). The economy relies on financial services, precision manufacturing, metals, pharmaceuticals, chemicals, and electronics. According to the Federal Agriculture Office, Switzerlands gross self-sufficiency ratio over the last few years was around 60 percent. Steps: To export your transactions: From your Shopify admin, go to Settings > Payments . However, there are two main routes when delivering goods from China by sea freight: Deliver to Antwerp, Rotterdam, or Hamburg ports via ocean vessels, and then transit the goods by railway train to Switzerland points. Data are in current U.S. dollars. Raw materials, food, vegetable oils, and fuel account for about one-quarter of total imports and are transported by rail, truck, and barge. Get full access to all features within our Corporate Solutions. Switzerland Major Exports Switzerland is a landlocked country. In 2021, our bilateral trade in goods reached 280 billion, accounting for 6.6% of the EU's total trade in goods. My articles. Exports and imports have a great role in the economic development of the country. Exports were $64.7 billion; imports were $69.7 billion. In terms of the domestic market, the services sector is even more buoyant, generating over 70% of Switzerland's GDP. In aggregate, those major exports account for 16.4% of overall exports sales from the United States. Following Germany is the United States, France, Italy . The majority of Swiss exports include finished products such as medicinal products, watches, precious jewelry or gold. The growth of maritime trade in the country helped to improve the overall trade statistics of the country. german (or swiss german) (official) 62.1%, french (official) 22.8%, italian (official) 8%, english 5.7%, portuguese 3.5%, albanian 3.3%, serbo-croatian 2.3%, spanish 2.3%, romansh (official) 0.5%, other 7.9%; note - german, french, italian, and romansh are all national and official languages; shares sum to more than 100% because respondents could Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Major Export products are GOLD (PLATINUM PLATED)UNWROUGHT,SEMI-MANUFACTURED,IN POWDER FORMS with an export value of US $ 6.9 Billion . Although Switzerland is poor in raw materials it has a wealth of highly skilled workers and enjoys extensive trade relations with the rest of the world. Festivals, forums and fairs: hundreds of major events are held in Switzerland throughout the year. The healthcare in Switzerland is universal and is regulated by the Swiss Federal Law on Health Insurance. According to him, the slowdown in foreign trade growth in recent years is observed. That is, most products are imported from these countries to Switzerland. Switzerland shipped US$314.1 billion worth of goods around the globe in 2019, up by 7.6% since 2015 and up by 1.2% from 2018 to 2019. A CSV file downloads in your browser. According to a 2013 estimate presented in the CIA World Factbook, agricultural produce represents less than one percent of the country's gross domestic product. The economy relies on financial services, precision manufacturing, metals, pharmaceuticals, chemicals, and electronics. Switzerland trade balance, exports and imports by country In 2016, Switzerland major trading partner countries for exports were Germany, United States, United Kingdom, China and Hong Kong, China and for imports they were Germany, United States, Italy, United Kingdom and United Arab Emirates. 84. With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days. Is Switzerland's main Import and Export activity is gold speculation? If we consider that about a quarter of animal production is based on imported feed (1.4 million tons annually), the net figure then drops to 50 percent. Switzerland's exports 2020 by country Top export destinations of commodities from Switzerland in 2020: USA with a share of 22% (73 billion US$) Germany with a share of 15.3% (48 billion US$) China with a share of 5.47% (17.4 billion US$) United Kingdom with a share of 5.27% (16.8 billion US$) France with a share of 5.17% (16.4 billion US$) You only have access to basic statistics. Swiss companies produce most of the world's high-end watches: in 2011 exports reached nearly 19.3 billion CHF, up 19.2% over the previous year. The exports in Switzerland have averaged around 6000 CHF million from around 1950 until 2015, with a high of around 20000 CHF million at the end of 2014 and a low of around 240 CHF million at the start . Bridget Gibson loves to explore the world. Some of the pastureland is used exclusively for mountain pasture, including the Monte Rosa region. Around 66% of Swiss imports are from the EU, while 43% of Swiss exports are to EU countries. Food giant Nestl has three factories in Switzerland churning out Nespresso . Switzerland's Top Imports This statistic shows the estimated data for main export partners of Switzerland in 2019. Watch manufacturing is mostly located around the Jura mountains, in the cantons of Geneva, Vaud, Neuchtel, Bern, and Jura. The most imported good in Switzerland is gold, that represents 21% of the countrys total imports. A wanderlust spirit, Bridget has journeyed to far-off places and experienced different cultures. What are the main sources of energy in Switzerland? In 2020 Switzerland imported goods to the value of CHF 182 billion, around two thirds of which came from EU countries and over 27% from Germany alone. Figure 6 shows the exports, imports and trade balance between the EU and Switzerland from 2011 to 2021. Switzerland also regularly runs a trade surplus. During Jan-Nov 2018, ITALY has a total export of US $ 12.3 Billion from Switzerland.The top products exported from Switzerland are GOLD(PLATINUM PLATED)UNWROUGHT,SEMI-MANUFACTURED,IN POWDER FORMS MEDICAMENTS OF MIXED OR UNMIXED PRODUCTS, FOR RETAIL SALE HUMAN BLOOD/ ANIMAL BLOOD/ ANTISERA, ETC/ VACCINES, TOXINS, ETC HETEROCYCLIC . Switzerland both shapes and implements international standards. In the same year Switzerland exported gold worth approximately CHF67 billion. Trade in commodities (coffee, cotton, oil, iron ore, aluminium, gold, copper, etc.) Economics Business, Economics, and Finance . Switzerlands major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. For freight transport, efforts are under way to shift from road to rail. Switzerlands major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Destination: Switzerland Est. Top 10 Swiss Exports to Germany. How long does it take to get through customs in Iceland? The EU is Switzerland's main trading partner, whereas Switzerland is the EU's fourth trading partner after China, the US and the UK. What happens if you overstay your visa in Denmark? Switzerland: Main export partners in 2019 Share in total export Germany United States. Switzerland is one of the leading exporters of hormones, with a 16.4% market share of an export market worth $15.3 billion each year. CIA. Did you know? What is the cheapest time of year to fly to Amsterdam? If we consider that about a quarter of animal production is based on imported feed (1.4 million tons annually), the net figure then drops to 50 percent. Switzerland has one of the worlds highest per capita GDPs and a highly skilled labor force. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information Switzerland has long attracted rich foreigners, enticed by its high wages, stable economy, and favorable tax rates. Gold is also Switzerland's top import, at $41.3B in 2013. Switzerland exports for 2021 was $568.56B, a 21.24% increase from 2020. The economy relies on financial services, precision manufacturing, metals, pharmaceuticals, chemicals, and electronics. Its Energy Strategy 2050 seeks to reduce consumption and increase the share of renewables. Please check your download folder. In aggregate, those major exports account for 16.4% of overall exports sales from the United States. Based on average exchange rates for 2021, the Swiss franc appreciated by 4.7% against the US dollar since 2017 and increased by 5.5% from 2020 to 2021. Switzerland takes a proactive approach in its foreign policy, particularly towards the EU. What are the main industries in Switzerland? Searchable List of Chinas Most Valuable Export Products. To use individual functions (e.g., mark statistics as favourites, set New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Please do not hesitate to contact me. It is connected with the supply of gold, the Deputy Minister of Economy of the Kyrgyz Republic Eldar Abakirov said today at a government meeting. Over 60% of Swiss adults have assets worth more than $100,000. Top 10 Pharmaceuticals: US$88.2 billion (27.6% of total exports) Gems, precious metals: $86.2 billion (27%) Organic chemicals: $25.4 billion (8%) Machinery including computers: $21.2 billion (6.6%) Clocks, watches including parts: $18.2 billion (5.7%) Optical, technical, medical apparatus: $16.7 billion (5.2%) Switzerland Facts 10 Geo Superlatives. . She is always on the lookout for her next adventure, and she loves nothing more than discovering something new about life. Switzerland's exports The basic products that are exported from Switzerland are gold, pharmaceutical goods and watches. At Seair Exim, you will receive the export-import trade data of Switzerland that helps you to analyze the trading trends of the country. An African landlocked country, the Republic of Burundi shipped goods worth US$97 million in 2018. The countrys strong economy is powered by low corporate tax rates, a highly-developed service sector led by financial services and a high-tech manufacturing industry. As always, cost of living is a major concern for Switzerland.Switzerland was also ranked only 16th when it came to being the most influential. Time: 43-47 Days. Plastics, chemicals, iron are also exported in large quantities from Japan. Swiss watches, which are a product of this sector, are known worldwide for their high quality. Switzerland's neutrality and humanitarian tradition allow it to host numerous international organisations and undertake protecting power mandates. Switzerland exports for 2020 was $468.97B, a 2.2% decline from 2019. Top Switzerland Exports to the World. Are you interested in testing our corporate solutions? U.S.-SWITZERLAND RELATIONS. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Switzerland is now among the key players in global commodities trading, with precious metals and gemstones accounting for over 20% of exports and imports. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Profit from additional features with an Employee Account. Switzerland imports for 2020 was $402.81B, a 2.54% increase from 2019. It is located in north-central Switzerland, at the northwestern tip of Lake Zrich. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Searchable List of Chinas Most Valuable Export Products. Exports to EU countries account for almost half of this total. In 2011, the EU had a trade surplus with Switzerland of 29 billion. Crude oil, fuel and other petroleum products: $109 billion. This photo taken on Nov. 2, 2022 shows the west entrance of the National Exhibition and Convention Center (Shanghai), the main venue for the upcoming fifth China International Import Expo (CIIE . Switzerland's major industries are machinery and precision instruments, watchmaking, chemicals, textiles, tourism, banking and insurance. Click Transactions . That dollar amount reflects a 26.8% increase since 2017 and a 19.1% uptick from 2020 to 2021. Cars and car parts with almost 5 % Japan include Automobiles with a value of all goods and represent. 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