Imports to Switzerland dropped 3.1 percent from a month earlier to CHF 16.9 billion in March 2019, mainly due to lower purchases of chemical and pharmaceutical products (-6.5 percent); vehicles (-1.2 percent); metals (-2.1 percent); jewellery (-17.7 percent) and food, beverages and tobacco (-1.1 percent). On the other hand, imports rose for both machinery and electronics (1.0 percent) and textiles, clothing, footwear (0.9 percent). Among major trade partners, imports decreased from the Germany (-9.5 percent), France (-2.7 percent), Italy (-5.5 percent), the US (-1.8 percent), Spain (-3.6 percent), the Netherlands (-2.3 percent), Ireland (-19.1 percent) and UAE (-41.5 percent). Meanwhile, imports increased from China (3.6 percent), Japan (4.5 percent) and Austria (13.1 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 17670.00 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 21450.00 in 12 months time. In the long-term, the Switzerland Imports is projected to trend around 24820.00 CHF million in 2020, according to our econometric models.