Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. The requirements that govern goods imported into Switzerland and their corresponding documents vary depending on the type of product in question. Further opportunities for U.S. exporters exist, as the Swiss Defense Ministry relies on cooperation and expertise from foreign companies, and Swiss aerospace and defense companies are generally open to broadening their base of U.S. suppliers. With regard to the main trading partners, Switzerland is traditionally oriented towards the neighboring European Union. Import / export / transit Import/export: Summary of all transmission lines to a total energy flow in one direction. Businesses trading with Switzerland in 2020: • In 2020, around 15,100 UK VAT-registered businesses exported goods to Switzerland, worth around £14.2 billion of exports. In 2019, the Swiss trade surplus widened 19 percent from the previous year to CHF 37 billion, as both imports and exports reached new records despite global trade tensions, Brexit uncertainty and Hong Kong protests. With an export surplus of 43 billion Swiss francs (2020), the country generates the bulk of its wealth by exporting its goods and services. After a disastrous 2020, India's trade picked up in 2021 as global demand from its biggest markets rose. This page includes a chart with historical data for Switzerland Imports . This graph shows the growth in the U.S. export volume of trade goods to Switzerland from 1985 to 2020. The economy of Switzerland is one of the world's most advanced and highly-developed free-market economies.The service sector has come to play a significant economic role, particularly the Swiss banking industry and tourism. Import prices from China increased 4.5 percent over the Information on transmission and distribution infrastructure, and electricity imports and exports . The List of Approved Meat Plants for Export to the European Union is updated periodically and is available through the Export Requirements Library. Switzerland - Switzerland - Trade: Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. 4 Between 2005 and 2019, exports have risen by 54.3%, and imports by 37.6%. Switzerland Imports from Italy of Machinery for Working Rubber or Plastics was US$21.53 Million during 2020, according to the United Nations COMTRADE database on international trade. . Switzerland exports for 2020 was $472.37B, a 2.16% decline from 2019. That dollar amount reflects a 7.8% increase since 2016 and a 5% gain from 2019 to 2020. Trade In August 2021, the top exports of Netherlands were Petroleum oils and oils obtained from. O'Neill Packing Co., Omaha, NE that were produced prior to July 28, 2011, and on or after October 11, 2011, are eligible for export to Switzerland. The most recent exports are led by Gold ($2.04B), Rough Wood ($130M), Refined Petroleum . The biggest export partners of Peru are China (34 %), the United States (11%), Switzerland (7%), South Korea (6%), and India (6%). Switzerland - Import Requirements & Documentation. The economy of Switzerland ranks first in the world in the 2015 Global Innovation Index and third in the 2020 Global Competitiveness Report. in item no. Switzerland Trade Balance. Footnote 4 Between 2005 and 2019, exports have risen by 54.3%, and imports by 37.6%. According to the INSTAT data, exports to Switzerland in value reached over Lek 2 billion, up from Lek 600 million that were for the same period of 2020. Switzerland imported US$291.1 billion worth of goods from around the globe in 2020. Canada and Chile are important export partners of Peru as well. This graph shows the growth in the U.S. export volume of trade goods to Switzerland from 1985 to 2020. Merchandise exports from Switzerland increased by 1.57% compared to 2019. 2020 : U.S. trade in goods with Switzerland NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Major Trade Inflows - Segmentation of the Imports of Cookers and Ovens to Switzerland by Exporting Countries in 2016-2020 9.3. Imports of Portuguese wines remained stable (some 10.6 million liters). Economy 2020. The EU is Switzerland's main trading partner. Exports. XLS 6 September 2019 Energy Statistic Switzerland 2018 . Switzerland exports for 2017 was $458.47B, a 0.36% increase from 2016. Time zone and current time in Switzerland. Switzerland Exports By Country - was last updated on Tuesday, January 4, 2022. Switzerland (CHE) indicators data including total merchandise trade exports, imports, number of export/import partners, number of products exported/imported, and development indicators from WDI such as GDP, GPD per capita, gdp growth, gni, index of export market penetration, services exports/imports, Commercial Service, Transport Service, Insurance and financial service, ICT, computer . The largest decline was in imports of United States wines (3.9 million liters in total, a drop of 1.2 million liters, -23.8%). Switzerland Imports In 2019, imports to Switzerland reached a record high of CHF 275 billion despite the global uncertainty surrounding trade disputes and the world economy. XLSX 24 February 2021 Energy Statistic Switzerland 2019. Merchandise Trade statistics data for Switzerland (CHE) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Average Import Prices of the Cookers and Ovens, Imported to Switzerland in 2016-2020 10. The latest value from 2020 is 69 billion U.S. dollars. Beef and bison originating from Est. With a high GDP per capita, above US$70,000, the country tries to be self-sufficient when it comes to the agri-food sector, but imports of food and beverages still reach over $10 . HS Code Import USD$ (71) Precious Stones & Metals: $85,777,780,585 (30) Pharmaceuticals Switzerland Service Trade data from WDI 2019. Switzerland is one of the world's most renowned exporters of high-end watches and clocks, but the country is also known for its export of chocolate and agricultural products, such . compared to 2019 (it was 0.069% in 2019 and cumulative exports from Switzerland were equal to $ 313 billion). How to import merchandise from Switzerland. Switzerland imports for 2017 was $381.76B, a 1.53% increase from 2016. For comparison, the world average in 2020 based on 140 countries is . Overview In August 2021 Sweden exported SEK110B and imported SEK119B, resulting in a negative trade balance of SEK8.75B.Between August 2020 and August 2021 the exports of Sweden have increased by SEK12B (12.2%) from SEK98.2B to SEK110B, while imports increased by SEK19.3B (19.3%) from SEK99.7B to SEK119B. , $843M. Between August 2020 and August 2021 the exports of Netherlands have increased by €8.52B (25.3%) from €33.7B to €42.2B, while imports increased by €8.99B (29.4%) from €30.6B to €39.6B. Switzerland, Service exports (BoP, current US$) is 131,266,863,031.65. Electricity exported from Switzerland 2010-2020. Switzerland is the fifth largest exporter of electricity and has a 7.86% share of an annual export market valued at $12.1 billion. By December 2020 they had recovered to EUR 12.2 billion, only slightly higher than the EUR 12.1 billion in December 2019. Pharmaceuticals represent the fastest grower among the top 10 export categories, up by 64.5% from 2019 to 2020. in 2019, the major export of Italy was the packaged medicaments worth around USD 25 billion, followed by cars of nearly USD 15.4 billion and vehicle parts worth about . Switzerland Trade Statistics. Swiss foreign trade in CHF million 2020; Import: 273 767: Export: 299 462: Net trade balance: 25 695 Major Trends. Switzerland is a democratic country subscribing to the fundamental ideals with which the United States also identifies. Some of restricted items are Vehicles imported by those intending to remain in Switzerland must be declared, and . The latest value from 2020 is 62.34 percent. Imports of Food in Switzerland increased to 649.56 CHF Million in November from 592.20 CHF Million in October of 2021. Table 1 Switzerland's main trading partners and product groups Full size table In 2019, imports totaled 205 billion CHF while exports amounted to 242 billion CHF. The vast majority of Swiss businesses (over 99%) are SMEs employing fewer than 250 staff. Includes import documentation and other requirements for both the U.S. exporter and foreign importer. Switzerland imports for 2019 was $392.80B, a 0.51% decline from 2018. Prices for imports from China have not recorded a monthly decline since October 2020. This page provides - Switzerland Export Prices - actual values, historical data, forecast, chart . Switzerland, Service imports (BoP, current US$) is 122,464,546,518.48. The share of commodity group 7604 in total exports from Switzerland decreased by 0.004 p.p. In 2019, Swiss exports reached an all-time high of CHF 312 billion despite the global uncertainty surrounding trade disputes and the world economy. Read more Switzerland exports for 2019 was $482.79B, a 0.87% decline from 2018. Four-fifths (80%) of Swiss exports in 2020 were delivered to the above 15 trade partners. Swiss GDP increased by 1.7% q/q in the third quarter, just 0.1 percentage point shy of the previous quarter and 1% higher than the fourth quarter of 2019, the last period before the pandemic hit. Importing SMEs are required to declare all goods crossing the Swiss border to the Swiss Customs Administration (FCA). Therefore, the aggregate U.S. export figure is slightly larger than the Canadian import figure. In 2019, Tanzania exported a total of $4.28B, making it the number 122 exporter in the world. Read more Raw materials, food, vegetable oils, and fuel account for about one-quarter of total imports and are transported by rail, truck, and barge. Switzerland has one of the most stable economies in the world and many foreign investors choose to open companies in Switzerland . Exports of commodity group 0703 amounted to 1.39% of total sales of group "" from Switzerland in 2020 (the value of exports of commodity group from Switzerland amounted to $8.63 million in 2020). The Swiss love white wine, both locally produced and imported. That dollar amount reflects a 13.4% increase since 2016 but a -4.1% decline from 2019 to 2020. Foreign trade is an important pillar of the Swiss economy. India's Exports / Imports India's Exports to Switzerland 210.47 0.58% India's Imports from Switzerland 14701.6 26.98% India -Switzerland Total Trade 14912.07 16.46% India-Switzerland : Total G&J trade stood at US$14.9 billion in 2019-2020 Switzerland with 27% share in India's imports is its 1st key import partner followed by USA and . Applying a continental lens, 71% of Singapore exports by value were delivered to Asian countries while 11.4% were sold to North American importers. Swiss exports to the United States grew by 66.1% trailed by Slovenia's 57% gain and the 27.8% uptick for Austria. Compared to Swiss electricity exports in 2019 . Import and Export in Switzerland. 2009 (899k%) and Cigarettes containing tobacco (736k%).. Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country. Since Peru is a nation rich in resources, it relates to both economic stability as well as social and environmental instability. Switzerland imports for 2020 was $395.39B, a 0.66% increase from 2019. Switzerland has one of the most stable economies in the world and many foreign investors choose to open companies in Switzerland . Imports reached a minimum of EUR 8.2 billion in April 2020. (Uncle John's Bathroom Reader for Kids Only)|Bathroom Readers' Institute, Arthritis . Switzerland services export is 131,266,863,031.65 in BoP, current US$ and services import is 122,464,546,518.48 in Bop, current US$.Switzerland exports of goods and services as percentage of GDP is 66% and imports of goods and services as percentage of GDP is 53.70%. In commercial trade, the main import formalities are completed before, after and while the goods pass through customs. To find out whether a specific good is banned or restricted from being imported to Switzerland, consult the Tares database. Overview. Export Prices in Switzerland averaged 104.80 points from 1993 until 2021, reaching an all time high of 112.10 points in July of 2008 and a record low of 96 points in August of 2020. Switzerland - Prohibited & Restricted Imports. Neighboring Italy receives 100% of Switzerland's electricity exports. Education Latest Trend Ranking; Education spending Indicator: 24 848 Tertiary US dollars/student 2012 Switzerland US dollars/student: Tertiary US dollars/student 2018: Mathematics performance (PISA) Indicator: 519 Boys Mean score 2018 Switzerland has maintained a low level of public debt relative to other countries even during the COVID-19 crisis. Import and Export in Switzerland. The overall imports/exports between our countries increased in Q1 of 2020 compared to Q1 of 2019, which, despite the global hardships we've been facing with the pandemic, is a positive indicator to where trade between the two countries is headed. The average value for Switzerland during that period was 27.71 billion U.S. dollars with a minimum of -3.25 billion U.S. dollars in 1980 and a maximum of 86.73 billion U.S. dollars in 2018. The country is politically stable with a strong and resilient economy. amounted to 0.065% of total exports from Switzerland (cumulative merchandise exports from Switzerland totalled $ 318 billion in 2020). The countries Switzerland exports to are Germany, that imports 17% of Swiss goods, India, that occupies the second place with 11% of the goods exported from Switzerland, the United States, where Switzerland exports almost 9% of its products and services, followed by Hong Kong and France where Switzerland's exports reach 6%. Switzerland is one of the most globalized nations in the world when it comes to foreign trade. A crane moves containers in a port. India. • In 2020, around 7,300 UK. Switzerland exports for 2018 was $487.01B, a 6.22% increase from 2017. In 2020, the U.S. exports to Switzerland amounted to 18.04 billion U.S. dollars. 2001-2020 Switzerland (red) Exports % of GDP 2020 Switzerland (red) Find all indicators on Economy. June 11, 2020 Switzerland bestfoodimporters A unique country located in the heart of Europe, Switzerland is one of the world's most advanced free-market economies. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing . Sometimes a distinction is made between a balance of trade for goods versus one for services. Based on average exchange rates for 2020, the Swiss franc appreciated by 4.7% against the US dollar since 2016 and increased by 5.5% from 2019 to 2020. That dollar amount reflects a 5.3% increase since 2016 and a 1.5% uptick from 2019 to 2020. Platinum. Top Destination (2019) : Switzerland. In 2020, the U.S. exports to Switzerland amounted to 18.04 billion U.S. dollars. During the last five reported years the exports of Suriname have changed by $253M from $2.34B in 2014 to $2.6B in 2019. Around 56% of Italy's products are exported to other European Union countries, but also on other continents. Switzerland imports for 2018 was $394.81B, a 3.42% increase from 2017. 889A, J.F. The global platinum export market is worth $32 billion per year and Switzerland is the 8th largest exporter with a 3.54% market share. What are the main Egyptian exports to and imports from Switzerland? Export of goods from Switzerland 2020 Published by Aaron O'Neill Aaron O'Neill Research expert covering historical data Get in touch with us now , Aug 17, 2021 This statistic shows the value of. Switzerland. The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period. In 2019 the trade-weighted average applied rate was 1.7%, according to the WTO. Last Published: 2/14/2019. For January 2020, re-exports to Canada were $3,801.6 million. , $1B. Consumption of increased by close to 6% in 2019. Exports reached a new high but they were closely followed by burgeoning imports which . U.S. imports generally account for 25-50% of Swiss imports in the Aerospace and Defense sector. Items allowed to import are Personal effects such as clothing, sports gear, and personal electronic equipment. 2202.10, not including fruit or vegetable juices of heading no. These include: free movement of persons, technical trade barriers, public procurement, agriculture and air and land transport. Imports - commodities: machinery, chemicals, vehicles, metals, agricultural products, textiles. The economy of Switzerland is one of the world's most advanced and highly-developed free-market economies.The service sector has come to play a significant economic role, particularly the Swiss banking industry and tourism. Imports by Locality of Origin : The price index for imports from China advanced 0.3 percent in November, after rising 0.2 percent in each of the 2 previous months. Details may not equal totals due to rounding. Get import and export customs regulation before travelling to Switzerland. Swiss customs, imports, and exports. The Import online platform. The economy of Switzerland ranks first in the world in the 2015 Global Innovation Index and third in the 2020 Global Competitiveness Report. Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. decreased by $ 3.13 million (the value of imports of commodity group 4904 to Switzerland was equal to $5.96 million in 2019) Imports of commodity group 4904 reached 0.206% of total imports of group "" to Switzerland in 2020 (imports of commodity group to Switzerland totalled $1.36 billion in 2020). 9.1. During the last five reported years the exports of Tanzania have changed by -$2.92B from $7.2B in 2014 to $4.28B in 2019. Prohibited items are Daggers and knives with one-handed opening systems (such as flick-knives). 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. Enter the HS code of a good and check . Export Prices in Switzerland remained unchanged at 102.40 points in November from 102.40 points in October of 2021. Singapore exported US$374.2 billion worth of goods around the globe in 2020. The average value for Switzerland during that period was 51.99 percent with a minimum of 39.81 percent in 1991 and a maximum of 71.38 percent in 2013. The Netherlands' top 10 exports accounted for almost two-thirds (65.2%) of the overall value of its global shipments. In 2019, Suriname exported a total of $2.6B, making it the number 136 exporter in the world. Switzerland Country Growth v/s World Growth v/s GDP Growth Download Historical Data. Swiss GO imports and exports after mid-2021 and potential implications on post-Brexit UK-situation 19 August 2020 RECS International has worked with different international and Swiss stakeholders to try to secure a technical agreement between the EU and Switzerland on the mutual recognition of GOs between the two parties, as stipulated in RED . from Switzerland totalled $ 1.09 million in 2020. Volume, Value and Dynamics of the Imports of Cookers and Ovens to Switzerland in 2016-2020 9.2. Switzerland is one of the world's most renowned exporters of high-end watches and clocks, but the country is also known for its export of chocolate and agricultural products, such . Transit: Export minus import as long as the export is bigger than the import. Switzerland Imports from Italy of Machinery for Working Rubber or Plastics - data, historical chart and statistics - was last updated on January of 2022. Exports from Switzerland totaled $319 billion in 2020. The United States established diplomatic relations with Switzerland in 1853 following the formation of a unified Swiss state. Exports reached a minimum of EUR 9.7 billion in April 2020. If a country exports a greater . The cornerstone of EU-Swiss relations is the Free Trade Agreement of 1972. But unlike exports, imports declined. 2010-2020 Deals by Type, 2020 4.4 Switzerland Power Market, Demand Structure Switzerland Export Import And Business Directory (World Export Import And Business Library)|USA International Business Publications, The Poetical Works of William Cullen Bryant: With Chronologies of Bryant's Life and Poems|Bryant William Cullen 1794-1878, Uncle John's Kid-Topia Bathroom Reader for Kids Only! Italy also imports pharmaceuticals and other chemicals, and food. Energy Statistic Switzerland 2020. Exports - commodities: machinery, chemicals, metals, watches, agricultural products. Around 66% of Swiss imports are from the EU, while 43% of Swiss exports are to EU countries. Based on average exchange rates for 2020, the Swiss franc appreciated by 4.7% against the US dollar since 2016 and increased by 5.5% from 2019 to 2020. In 2019, imports totaled 205 billion CHF while exports amounted to 242 billion CHF. As a consequence of the rejection of the EEA membership in 1992, Switzerland and the EU agreed on a package of seven sectoral agreements signed in 1999 (known in Switzerland as "Bilaterals I"). Among other leading imports are manufactured goods, motor vehicles, and chemical products. The COVID-19 crisis caused both exports and imports between the EU and Switzerland to fall in 2020. Switzerland: Exports of goods and services as percent of GDP: For that indicator, we provide data for Switzerland from 1980 to 2020. The value of merchandise exports from Switzerland totalled $ 318 billion in 2020. The Carolingian Empire (800 - 888) Turkey increased its imports from Switzerland at the fastest rate, up 87.6% in value from 2019 to 2020. Imports of Food in Switzerland averaged 555.33 CHF Million from 2014 until 2021, reaching an all time high of 754.08 CHF Million in March of 2021 and a record low of 449.57 CHF Million in August of 2014. Switzerland, Imports of goods and services as percentage of GDP is 53.70 %. History. Sales of commodity group 1801 from Switzerland decreased by 36% in value terms compared to 2019. exports of commodity group 1801 "Cocoa beans, whole or broken, raw or roasted." decreased by $ 627 thousand (cumulative exports of commodity group 1801 from Switzerland amounted $1.72 million in 2019) The top product import tariffs by their MFN Ad Valorem value for Switzerland are Non-alcoholic beverages; other than non-alcoholic beer, n.e.c. Last Published: 2/14/2019. 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