Imports to Switzerland increased 0.9 percent from a month earlier to CHF 17.2 billion in May 2019, mainly due to higher purchases of pharmaceutical products (5.3 percent); vehicles (0.8 percent), and metals (2.0 percent).On the other hand, imports dropped for: machinery and electronics (-1.8 percent); jewellery (-8.6 percent); textiles, clothing, footwear (-0.1 percent), and food, beverages and tobacco (-8.3 percent).Among major trade partners, imports rose from the US (14.7 percent); Ireland (49.9 percent); Belgium 17.6 percent); Austria (8.9 percent), and France (9.7 percent); while imports fell from Japan (-6.9 percent); China (-3.6 percent); Germany (-0.4 percent); Italy (-1.2 percent), and Spain (-19.9 percent). Imports in Switzerland averaged 6475.32 CHF million from 1950 until 2019, reaching an all time high of 17759.64 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 17520.00 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 19950.00 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.