Imports to Switzerland dropped 1.7 percent from a month earlier to CHF 16.9 billion in July 2019, mainly due to lower purchases of chemical and pharmaceutical products (-8.3 percent), vehicles (-3.9 percent), metals (-2.8 percent), and textiles, clothing, footwear (-0.9 percent). On the other hand, imports rose for: machinery and electronics (0.3 percent); jewellery (13.4 percent); food, beverages and tobacco (0.8 percent); and energy products (4.6 percent). Among major trade partners, imports were down from France (-16.8 percent), Belgium (-3.9 percent), Austria (-19.4 percent), Ireland (-33.9 percent), and the US (-1.7 percent), but rose from Germany (0.4 percent), Italy (3.4 percent), Spain (30.4 percent), the Netherlands (2.3 percent), the UK (6.9 percent), the UAE (45.3 percent), China (1.7 percent), and Japan (10.7 percent). Imports in Switzerland averaged 6539.30 CHF million from 1950 until 2019, reaching an all time high of 17714.75 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.