Importing from Switzerland

Switzerland Import Guide | Trade Finance Global

Importing from Switzerland

In terms of size, Switzerland is the sixteenth largest export economy in the world and the second most complex economy according to the Economic Complexity Index (ECI). The growth in the economy has remained relative steady on an upwards trajectory. In general, Switzerland exported around $310B and imported around $250B, which resulted in a positive trade balance of around $60B. Yearly, the GDP of Switzerland is around $690B, which is a GDP per capita of around $55k.

The top imports from Switzerland are gold (around $41B), packaged medicaments (around $15B), cars ($10B), jewellery (around $8B) and around refined petroleum ($7B). The top import origins are Germany (around $60B), the United States (around $25B), Italy (around $24B), France (over $15B) and China ($11B).

Switzerland Country Profile

Official Name (Local Language) Schweizerische Eidgenossenschaft; Confederation Suisse; Confederazione Svizzera; Confederaziun Svizra
Capital Bern
Population 8,179,294
Currency Swiss Franc
GDP $662.5 billion
Languages French; German; Italian; Romansh
Telephone Dial In 41

Switzerland Exports Profile

Exports ($m USD)

299,309

Number of Export Products

4,316

Number of Export Partners

227

Top 5 export partners

Country

Trade

% Partner Share

Germany

45,312

15.14

United States

36,675

12.25

China

24,493

8.18

India

19,9

6.65

France

17,128

5.72

Top 5 Export Products at HS 6 digit level

Export Product

Number

Gold in unwrought forms non-monetary

22.7%

Other medicaments of mixed or unmixed products,

13.7%

Human and animal blood; microbial cultures; tox

9.4%

Art. of jewellery and pts thereof of/o prec mtl

4.2%

Wrist-watches with automatic winding nes

3.7%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Switzerland

Agriculture

%

Product List

0.7%

Grains, fruits, vegetables; meat, eggs, dairy products

Industry

%

Industry List

25.9%

Machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals

Services

%

Services List

73.4%

NA

Importing from Switzerland: What is trade finance?

Switzerland has an efficient market economy. Its standard of living, industrial productivity and quality of education and health care systems are among the highest in Europe. After contracting due to the Eurozone crisis, Swiss growth reached 0.8% in 2015 and 1.3% 2016. According to Swiss State Secretariat for Economic Affairs and the IMF, growth remained at 1% in 2017, lower than initial forecasts (1.3%). Swiss growth also remained below the European average (2.5%) in 2017, for the second time in row (which was a first in 2016 since the creation of euro).

Information

Importing from Switzerland? Contact our local experts

Switzerland Economic Statistics

Government Website

https://www.admin.ch/

Sovereign Ratings

https://countryeconomy .com/ratings/switzerland

Central Bank

Schweizerische Nationalbank

Currency USD Exchange Rate

9992

Unemployment Rate

3.3%

Population below poverty line

6.6%

Inflation Rate

-0.4%

Prime Lending Rate

0.5%

GDP

$662.5 billion

GDP Pro Capita (PPP)

$59,400

Currency Name

Swiss Franc

Currency Code

CHF

World Bank Classification

High Income

Competitive Industrial Performance

1/138

Corruption Perceptions Index

3/180

Ease of Doing Business

38/190

Enabling Trade Index

11/136

Currency in Switzerland

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