Foreign trade is an important pillar of the Swiss economy. Top Switzerland Exports to the World. $48 billion or 15.3% of its overall exports. Education Latest Trend ... 2018 Switzerland (red), OECD - Total (black) Find all indicators on Innovation and Technology. Switzerland has an affluent and cosmopolitan population of 8.4 million people. Swiss foreign trade in CHF million 2019; Import: 276 058: Export: 311 977: Net trade balance: 35 919 Subscribe. Last year, exports finally rose, growing 8.2% for the year to CHF 2.22 billion, "with the pace of growth accelerating throughout 2018," the FH noted. Top 10 Swiss Exports to Germany. Including December. Switzerland's trade surplus increased to CHF 2.9 billion in October 2020 from a downwardly revised CHF 2.4 billion in the previous month, as the coronavirus pandemic continued to weigh on global demand. Switzerland had a total export of 310,524,275.09 in thousands of US$ and total imports of 278,665,555.58 in thousands of US$ leading to a positive trade balance of 31,858,719.51 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Switzerland is 1.70% and the Most Favored Nation (MFN) Weighted Average tariff is 3.42%.The trade growth is 1.21% compared to … This story appears in the December 31, 2018 issue of Forbes. Switzerland ranked 11th for global arms exports 07/09/2018 By Le News In 2016, Switzerland exported CHF 412 million of weapons, according to the Swiss Federal Audit Office ( SFAO ). Switzerland's exports to Germany amounted to. Exports declined 0.4 percent from a month earlier to CHF 17.8 billion, dragged down by sales of chemical & pharmaceutical products, precision instruments, and food and beverages. Its gross domestic product GDP was USD 669 billion in 2016 with 2.4% GDP growth forecast for 2018. Last year, the U.S., Switzerland's second largest market, broke out of a three-year-long export funk. Switzerland shipped US$314.1 billion worth of goods around the globe in 2019, up by 7.6% since 2015 and up by 1.2% from 2018 to 2019. (Exports fell a cumulative 13.7% between 2015 and 2017.) Ranked number one in innovation and high in R&D investment as a percentage of GDP, Switzerland is ideally positioned to continue to punch well 66.0 Exports % of GDP 2019 Switzerland % of GDP: Exports % of GDP 2000-2019 Switzerland (red) Exports % of GDP 2019 Switzerland (red) Find all indicators on Economy. Switzerland Trade Statistics. HS Code Import USD$ (71) Precious Stones & Metals: $85,777,780,585 (30) Pharmaceuticals ... 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