Switzerland Exports

Exports in Switzerland decreased to 17018.51 CHF million in February of 2014 from 17152.78 CHF million in January of 2014. Exports in Switzerland is reported by the Swiss Customs Administration. Exports in Switzerland averaged 5855.41 CHF million from 1950 until 2014, reaching an all time high of 19383.17 CHF million in July of 2008 and a record low of 245.90 CHF million in January of 1950. Trade has been the key to prosperity in Switzerland. Exports accounts for 50% of its GDP. Swiss main exports are: medicinal and pharmaceutical products, watches and clocks, machinery for special industry and metalworking machinery and tools. Swiss main export partners are Germany, United States, Italy and France. This page provides - Switzerland Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
17018.51 17152.78 19383.17 245.90 17735.81 | 2014/03 1950 - 2014 CHF million Monthly

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Switzerland Exports
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 13.50 2012-12-31 8.50 15.60 -0.60 13.77 2013-12-31 Percent [+]
External Debt 67160.80 2013-12-31 67842.70 75544.10 13136.80 66641.29 2014-03-31 CHF Million [+]
Foreign Direct Investment 671551.30 2012-12-31 606797.60 671551.30 20958.90 728069.68 2013-12-31 CHF million [+]
Terms of Trade 106.25 2014-02-15 105.32 115.96 74.27 105.31 2014-03-31 Index Points [+]
Tourist Arrivals 1120.00 2014-01-15 1134.00 2028.00 600.00 1244.59 2014-02-28 Thousand [+]
Current Account 14059.00 2013-11-15 23123.00 23123.00 -7228.00 18087.37 2014-03-31 CHF million [+]
Balance of Trade 2615.71 2014-02-15 2550.39 3366.32 -1478.68 1732.72 2014-03-31 CHF million [+]
Exports 17018.51 2014-02-15 17152.78 19383.17 245.90 17735.81 2014-03-31 CHF million [+]
Imports 14402.80 2014-02-15 14602.39 17348.96 273.20 15653.66 2014-03-31 CHF million [+]
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Exports | Notes
Exports measure the amount of goods or services that domestic producers provide to foreign consumers by. It is a good that is sent to another country for sale. In the past, export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and the country of import. More recently, with the advent of small trades over the internet such as through Amazon and e-Bay, exports have largely bypassed the involvement of Customs in many countries due to the low individual values of these trades. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.


RELATED NEWS

Swiss Unemployment Rate Falls in March  
Swiss unadjusted jobless rate decreased to 3.3 percent in March of 2014 from 3.5 percent in the previous month.
Swiss Inflation Rate Unchanged in March  
Switzerland’s annual inflation rate was recorded at 0.0 percent in March of 2014, after falling 0.1 percent in the previous month. On a monthly basis, prices recorded the highest increase in twelve months.
Swiss Trade Surplus Widens for the Second Straight Month  
Switzerland’s trade surplus increased to CHF 2.6 billion, up from CHF 2.5 billion in the previous month and CHF 1.95 billion a year earlier, boosted by higher exports of chemicals and pharmaceuticals and the strongest growth in sales to China in three years.
Swiss National Bank Keeps Minimum Exchange Rate  
In its March 20th, 2014 meeting, the Swiss Bank left the target range for the Swiss Franc Libor unchanged at 0.0–0.25 percent, maintaining its minimum exchange rate of CHF 1.20 per euro, as no upside risks to the consumer prices are expected in the near future. The Bank also cut its forecast for inflation this year and 2015.
Swiss Inflation Rate Down to 4-Month Low  
In February of 2014, Swiss annual inflation rate fell 0.1 percent after growing 0.1 percent in each of previous three months. A year earlier, prices dropped 0.3 percent. Compared with the previous month, inflation rose to 0.1 percent.
Swiss Unemployment Rate Flat at 3.5%  
Switzerland’s unadjusted jobless rate remained steady at 3.5 percent in February for the second straight month. A year earlier, the unemployment rate was recorded at 3.4 percent.
Swiss GDP Growth Slows in Q4  
In the fourth quarter of 2013, Switzerland’s economic growth slowed to 0.2 percent over the previous three-month period, the lowest rate in six quarters, hurt by a fall in exports due to weak global demand for chemical and pharmaceutical products.
Swiss Trade Surplus Widens in January  
In January of 2014, Switzerland’s trade surplus increased to CHF 2.59 billion, the highest surplus in the last eight months, boosted by higher exports. The chemicals and pharmaceuticals industry generated half of the export growth.
Swiss Inflation Rate Stable at 0.1% in January  
In January of 2014, Switzerland’s annual inflation rate was recorded at 0.1 percent for the third straight month. On a monthly basis, prices fell for the second month in a row by 0.3 percent, as cost of imported products declined 1.3 percent.
Swiss Unemployment Rate Stable in January  
Switzerland’s unemployment rate remained unchanged at 3.5 percent in January of 2014. The number of job seekers rose by 2975 to 208777. Compared to the same period last year, the number of unemployed persons rose by 7000.
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