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However, secrecy laws also encouraged organized-crime syndicates to establish accounts in Swiss banks, and this has prompted modification of Swiss banking laws to prevent abuse. Date . Switzerland is currently our 16th largest goods trading partner with $62.5 billion in total (two way) goods trade . In 2021, goods worth about 380.19 billion U.S. dollars were exported from Switzerland. 3. About 160 Swiss-based companies produce chemicals, many of which also produce products for the biotech and pharmaceutical industry. Tourism is a significant source of revenue for Switzerland, with receipts slightly outpacing expenditures by Swiss tourists abroad. Seair Exim offers an Import-Export data demo. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. * * Switzerland Exports of dairy products, eggs, honey, edible products 2022 Data 2023 Forecast 1988-2021 Historical Switzerland Exports of dairy products, eggs, honey, edible products was US$890.71 Million during 2021, according to the United Nations COMTRADE database on international trade. In terms of products, Switzerland's top imports include gold, jewelry parts and medical materials. White label accounts can distribute our data. Advanced users can use our Python/R/Matlab packages. CBD in Switzerland: law, market development and exports. The basic products that are exported from Switzerland are gold, pharmaceutical goods and watches.The first place in Switzerland's exports is occupied by gold with almost 20% and the second place is occupied by pharmaceuticals that represent almost 11.5% of the country's total exports.With a share of 5% of all the Swiss exports, watches represent the third most traded product from this country. Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import. The largest banks, United Bank of Switzerland (UBS; created in 1998 from the merger of the Union Bank of Switzerland and the Swiss Bank Corporation) and the Credit Suisse Group, are among the largest financial institutions in the world and have branches in major cities throughout the world. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the . GDP was driven by private consumption and business investments in equipment and software. In case you don't have it active for your account please contact our sales team: hello@clock-hs.com. The overall export of Agricultural and Processed Food Export Development Authority (Apeda) products increased to USD 13,771 million in April-September 2022 from USD 11,056 million over the same period of the last fiscal year. The Trading Economics Application Programming Interface (API) provides direct access to our data. Switzerland Exports of pharmaceutical products - data, historical chart and statistics - was last updated on November of 2022. Switzerland Exports of pharmaceutical products was US$101.51 Billion during 2021, according to the United Nations COMTRADE database on international trade. Raw materials, food, vegetable oils, and fuel account for about one-quarter of total imports and are transported by rail, truck, and barge. Switzerland exports for 2021 was $568.56B, a 21.24% increase from 2020. The tourist industry as a whole employs more people than are engaged in farming and is heavily dependent on foreign labour. . An agent is not required to do business in Switzerland. Trade in valuables pulled back significantly during the . But it does have a river port at Basel on the Rhine. Swiss merchandise exports to the EU are concentrated in a few sectors, particularly chemicals . The ingredients are antibacterial, anti-inflammatory and have skin . The EU is Switzerland's main trading partner, whereas Switzerland is the EU's fourth trading partner after China, the US and the UK. In 2000, Credit Suisse and UBS agreed to pay two billion Swiss francs to international Jewish organizations to be shielded from lawsuits related to such accounts. The presence of a substantial competition has several effects on the market. Switzerland's Top Exports in 2020: 22% ($71 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form. What does Switzerland mainly produce? Switzerland Raw materials imports were worth US$ 8,184 million, product share of 2.82%. Switzerland's most important exports are products from the chemical and pharmaceutical industries (52%), machinery (13%), watches (8%) and precision instruments (7%). Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. October 2022 Data - 1950-2021 Historical - November Forecast, Swiss October Jobless Rate Unchanged at 1.9%, Switzerland Inflation Rate Falls to 5-Month Low, Swiss Consumer Morale Weakens to 2-1/2-Year Low, Switzerland Retail Sales Rises for 4th Month, Swiss Business Confidence Falls to Lowest Level Since 2020, Costa Rica Inflation Rate Softens to 5-Month Low, European Stocks Rise to Near 2-Month High. GDP was driven by private consumption and business investments in equipment and software. Switzerland Exports of pharmaceutical products - data, historical chart and statistics - was last updated on October of 2022. Prior Disclosures, With Partner Adrienne Braumiller, Braumiller Law Group Standard users can export data in a easy to use web interface or using an excel add-in. Electronics and electrical gadgets such as computers, integrated circuits, electrical transformers, industrial printers and . 536 companies 14 Products CBG BALM - White Label PURE PRODUCTION AG. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. One group (principally the larger banks) focuses primarily on private banking and possesses a strong international presence; the second group emphasizes national and regional banking and includes banks that are majority-owned by the cantons. 10Y. SERV insurance and guarantees protect Swiss exporters from non-payment and facilitate export financing. Switzerland exports for 2019 was $479.54B, a 1.45% decline from 2018. We have a plan for your needs. White label accounts can distribute our data. Raw materials, food, vegetable oils, and fuel account for about one-quarter of total imports and are transported by rail, truck, and barge. Learn more. Most of Switzerlands trade is with the EU, with about three-fourths of its imports coming from and three-fifths of its exports going to EU countries. Switzerland's leading exports are almost entirely luxury and high-priced products like medical products, watches as well as luxury jewels and gold. Trade in valuables pulled back significantly during the . "In accordance with the principle of equal treatment [contained] in the Neutrality Act, Switzerland cannot grant a request to transfer military products of Swiss origin to Ukraine while the latter is involved in an armed conflict," the Swiss government said in a . Top HS Codes. Germany was the largest destination of Swiss shipments (15 percent of total exports), followed by the US (14 percent), the UK (9 percent), China (7 percent), France and India (6 percent each), Italy (5 percent), Hong Kong, Japan and Spain (3 percent each), Austria, Singapore, the Netherlands and Belgium (2 percent each). Switzerland is also home to the worlds oldest international financial organization. Thus, during the 1990s there was a focus on increasing the efficiency of the banking sector, which underwent consolidations and restructuring. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Switzerland Typically, the ASCO CO2 Gas Dosing System is used together with water desalination plants. How does Switzerland import things? Apart from the traditionally important retail trade component of the service sector, business-related services are a fast-growing subsector, partly reflecting the outsourcing trend in the industry sector. Germany is Switzerland's main trading partner, with an 18% share of exported goods. The Swiss Confederation during the Late Middle Ages. API users can feed a custom application. Exports in Switzerland averaged 7150.80 CHF million from 1950 until 2022, reaching an all time high of 23853.96 CHF million in February of 2022 and a record low of 245.90 CHF million in January of 1950. . Government consumption was unchanged, while net trade detracted 4.55 percentage points from growth because exports fell by more than imports. It also contains minerals like calcium, potassium, iodine, magnesium and iron, as well as 15 different . Contact . We have a plan for your needs. These are products that tend to be co-exported with the products that Switzerland exports. Switzerlands official monetary unit is the Swiss franc, which is also used in Liechtenstein. Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Value (USD Million) % Increase. Hot Topics in International Trade. Traditionally Switzerland has been . The United States and Switzerland have signed an agreement creating a trade and investment forum to assess areas where the two governments could facilitate greater trade and investment flows. The banking industry endured a scandal during the mid-1990s, when it was revealed that Swiss banks were still holding long-dormant accounts belonging to victims of the Holocaust during World War II. Switzerland Exports of dairy products, eggs, honey, edible products, 2022 Data 2023 Forecast 1988-2021 Historical. Switzerland Exports of dairy products, eggs, honey, edible products - data, historical chart and statistics - was last updated on November of 2022. Following are the goods exported to Switzerland from worldwide : HS Code. Its solutions also help companies obtain low-interest loans or higher credit limits in order to conserve cash when exporting . Switzerland is the world's leading exporter of gold, enjoying a 20.9% share of an annual export market . Data are in current U.S. dollars. List of Eligible Plants. MAX. Switzerland's comparatively low level of public debt, even during the COVID-19 pandemic, has been achieved by imposing a debt brake, i.e. Government consumption was unchanged, while net trade detracted 4.55 percentage points from growth because exports fell by more than imports. We owe thanks to American soldiers in World War II for the name Swiss Army Knife, who apparently found the German name "Offiziersmesser" a little too difficult to pronounce, but the actual device goes back much further. However, a U.S. business wishing to sell products or services in Switzerland may benefit from an agent familiar with potential clients, and Swiss business culture through an agent's local market expertise, and locally-based after-sales services . It is composed of around 87% water, 3.3% protein, 4% milk fat and 4.7% lactose. Figures obtained by swissinfo.ch from the Federal Customs Administration show that between 2015 and 2016, the real increase in exports for the chemicals and pharma sectors was actually only 1.8% . Log in, Wrist/pocket watches (no precious metal case), Wrist/pocket watches (precious metal case), Non-alcoholic drinks (not water/juice/milk), Scents used for beverage or industrial manufacturing, Electrical/optical circuit boards, panels, Machine tools for sharpening, grinding, polishing, Plastic plates, sheets, film, tape, strips, Men's suits, trousers (not knit or crochet), Gems, precious metals: US$106.3 billion (28% of total exports), Clocks, watches including parts: $24.4 billion (6.4%), Machinery including computers: $24 billion (6.3%), Optical, technical, medical apparatus: $19.1 billion (5%), Electrical machinery, equipment: $13.8 billion (3.6%), Plastics, plastic articles: $6.2 billion (1.6%), Mineral fuels including oil: $4.03 billion (1.1%), Pharmaceuticals: US$59.3 billion (Up by 19.9% since 2020), Organic chemicals: $21.8 billion (Up by 20.6%), Clocks, watches including parts: $20.8 billion (Up by 35.7%), Optical, technical, medical apparatus: $10.1 billion (Up by 18.6%), Machinery including computers: $2.9 billion (Up by 40.7%), Coffee, tea, spices: $2.5 billion (Up by 31.4%), Perfumes, cosmetics: $2.3 billion (Down by -1.5%), Base metal tools, cutlery: $1 billion (Up by 17.9%), Tanning, dyes, paints, varnishes, ink: $897.1 million (Up by 19.9%), Railways, streetcars: $276.1 million (Up by 69.9%), Vehicles: -US$13 billion (Up by 4.3% since 2020), Mineral fuels including oil: -$6.3 billion (Up by 62.1%), Furniture, bedding, lighting, signs, prefabricated buildings: -$4.6 billion (Up by 17.7%), Gems, precious metals: -$3.7 billion (Down by -79.6%), Electrical machinery, equipment: -$3.3 billion (Up by 20%), Clothing, accessories (not knit or crochet): -$2.7 billion (Up by 5.3%), Knit or crochet clothing, accessories: -$2.6 billion (Up by 17%), Plastics, plastic articles: -$2 billion (Up by 36.7%), Glencore International (diversified metals), Syngenta (pesticides, specialized chemicals), Weatherford International (oil field equipment), Baselux Sa Lugano Branch (heterocyclic compounds, printed documents), Novametal Sa Switzerland (stainless steel wire, plastic bobbins, aluminum wire), Olivado Tanlay (vegetable oil, honey, coconut oil), Polarome Switzerland (ketones, acetic acid esthers, acyclic polyhyric acids), Starbucks Coffee Trading (coffee, tea, paper bags). . Switzerland's GDP grew by 0.3% q/q in the second quarter, slowing from a 0.5% increase in the first. What are Switzerland's imports and exports? Of the top 30 German export products, most comprise of machine devices such as combustion engines, excavation machinery, washing and bottling machines, tractors, gas turbines, among others. U.S. goods and services trade with Switzerland totaled an estimated $134.4 billion in 2019. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The export to Switzerland in the year 2017 was valued at 139,483.59 USD Million while now it is 151,739.61 USD Million which is increased by 8.79%. The system is equipped with a CO2 pressure reducing valve, filtration unit, CO2 gas flowmeter, CO2 regulating valve, pressure gauges, safety valves and a completely prewired control cabinet. In Decem- ber 2018, the significant increase of the coverage volume prompted the Swiss Federal Council to increase the coverage ceiling . Mineral fuels including oil was the fastest-growing among the top 10 export categories, up by 107.2% from 2020 to 2021. Switzerland had a total export of 318,580,420.58 in thousands of US$ and total imports of 290,402,110.28 in thousands of US$ leading to a positive trade balance of 28,178,310.31 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Switzerland is 1.36% and the Most Favored Nation (MFN) Weighted Average tariff is . [UPDATED 2022] Exports from Switzerland have been increasing year on year and stand at around CHF200 billion yearly with the main export partners being United States, Germany, France and Italy. Oct 19, 2022. Please request such by contacting your TourX representative or via e . The banking system follows a two-tiered approach. ; 14.8% ($47 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses . The exports in Switzerland have averaged around 6000 CHF million from around 1950 until 2015, with a high of around 20000 CHF million at the end of 2014 and a low of around 240 CHF million at the start . Switzerland's GDP grew by 0.3% q/q in the second quarter, slowing from a 0.5% increase in the first. Data are in current U.S. dollars. Among the principal foreign visitors to Switzerland are Germans, who account for more than one-fourth, followed by Americans, Britons, and Japanese. It's asituation denounced by the non-governmental organization (NGO) Public Eye. API users can feed a custom application. Swiss Dairy products. Trade Restrictions Switzerland Export Controls + Follow. April 20, 2020 ; . During the last five reported years the exports of Switzerland have changed by $13.2B from $292B in 2015 to $305B in 2020. . Trading Economics welcomes candidates from around the world. Primary destinations for Swiss tourists include France, Spain, Italy, and Germany. Switzerland Exports of pharmaceutical products, 2022 Data 2023 Forecast 1988-2021 Historical. Switzerland-Canada In 2020, Switzerland exported $4.31B to Canada.The main products that Switzerland exported to Canada are Vaccines, blood, antisera, toxins and cultures ($1.52B), Packaged Medicaments ($1.07B), and Gold ($157M). a cap on public . The U.S. goods and services trade deficit with Switzerland was $5.0 billion in 2019. Since World War II, travel has increased at an explosive rate: hotels, guesthouses, and vacation apartments count millions of visitors each year, as do youth hostels and campgrounds. What is the #1 export? Switzerland Raw materials exports were worth US$ 2,105 million, product share of 0.66%. The five largest importers of Swiss weapons were Germany, South Africa, the US, India and Pakistan. 84. Small-and medium-sized enterprises are the mainstay of the export-oriented Swiss economy. The Trading Economics Application Programming Interface (API) provides direct access to our data. During Jan-Nov 2018, ITALY has a total export of US $ 12.3 Billion from Switzerland.The top products exported from Switzerland are GOLD(PLATINUM PLATED)UNWROUGHT,SEMI-MANUFACTURED,IN POWDER FORMS MEDICAMENTS OF MIXED OR UNMIXED PRODUCTS, FOR RETAIL SALE HUMAN BLOOD/ ANIMAL BLOOD/ ANTISERA . Switzerland refused Germany to re-export ammunition for Gepard to Ukraine. Advanced users can use our Python/R/Matlab packages. These are things like chocolate, cheese and wine. Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Meat and poultry and meat and poultry products supplied to airline catering services must comply with the same requirements as shipments imported into Switzerland. In second place for improving export sales was the clocks and watches including parts category which rose 34.7%. Switzerland. Between 2012 and 2016, four exports of paraquat and thirteen of atrazine were recorded from Switzerland. Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Switzerland's Top 10 Exports and Switzerland's Top 10 Major Export Companies Research Sources: Central Intelligence Agency, . Prerequisites: The TourX export add-on should be enabled for your Clock PMS account in order to use the feature. Working through an agent allows a company . Nearly two-thirds of overnight stays are in the Alps and the Alpine foothills. Imports from the UK include chemicals, electronic equipment, machinery, medical equipment, metals and pharmaceuticals. What did Switzerland export in 2020? In 2021, our bilateral trade in goods reached 280 billion, accounting for 6.6% of the EU's total trade in goods. Switzerlands major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Efforts have been made with limited success to broaden the tourist season from the peak summer and winter periods in order to reduce congestion both in the resorts and on the highways. Exports to EU countries account for almost half of this total. 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