As on 2021, Nestle AG has 276,000 employees. Seair is proud to have a loyal customer base from big brands. The banks regulation authorities in Switzerland are the Swiss Financial Market Supervisory Authority and the Swiss National bank. In 2020, Thailands exports to Switzerland amounted to $8.2 billion or 2.8% of overall Swiss imports. In 2020, Austrias exports to Switzerland amounted to $9 billion or 3.1% of overall Swiss imports. 10:25 PM. Major Import products are MOTOR CARS AND OTHER MOTOR VEHICLES PRINCIPALLY DESIGNED PASSENGERS with an import value of US $ 570.2 Million . The main export goods of Japan include Automobiles with a total value worth 122.6 billion USD. By value, the 15 major product categories listed below represent 89.4% of Switzerlands imports from the mainland China. In 2020, Hong Kongs exports to Switzerland amounted to $12.1 billion or 4.1% of overall Swiss imports. 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). Sales of services in Switzerland by majority U.S.-owned affiliates were $81.2 billion in 2017 (latest data available), while sales of services in the United States by majority Switzerland-owned firms were $48.4 billion. In 2021, gold imports to Switzerland were valued at approximately 92.3 billion U.S. . Which Countries Have Made the Most Progress Towards the SDGs? Queries. . Switzerland is the king of gold global market, it is also the largest gold importer country in the world. Switzerland is nearly self-sufficient in electricity production and the country trades actively on the European energy grid. These cookies track visitors across websites and collect information to provide customized ads. Annual Net Income in USD. The country is also involved in the manufacture of food products (like Nestle) and chemicals used in the construction sector such as roof coating chemicals. The cookie is used to store the user consent for the cookies in the category "Performance". Download Historical Data. A strategically located country at the intersection of Western, Central and Southern Europe, the Swiss Confederation imported US$291 billion worth of products from around the globe during 2020. Exploring and developing new markets and channels for Flora's products. Marianna Ianovska // Shutterstock. However, Asia imports 55% of the Swiss watches and clocks making it the country's largest watches and clocks export partner. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". However, you may visit "Cookie Settings" to provide a controlled consent. Population. Switzerland was the United States' 19th largest goods export market in 2019. Switzerland exports for 2018 was $486.60B, a 6.14% increase from 2017. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Switerzland has one of the world's most complex economies. The top imports from Switzerland are gold (around $41B), packaged medicaments (around $15B), cars ($10B), jewellery (around $8B) and around refined petroleum ($7B). Contents1 How much is a Big Mac in Switzerland?2 Why is McDonald's in Switzerland so expensive?3 How much is a McDonalds hamburger [] It had ranked No. That dollar amount represents a 5.8% gain compared to 2019. 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). This cookie is set by GDPR Cookie Consent plugin. U.S. imports from Switzerland account for 1.8% of overall U.S. imports in 2019. $57.5 billion or 20.7% of its overall imports. You may also like: Countries Pennsylvania exports the most goods to. Leading services imports from Switzerland to the U.S. were in the intellectual property (industrial processes), professional and management services, and insurance services sectors. 15 among U.S. trade partners in September. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. In general, Switzerland exported around $310B and imported around $250B, which resulted in a positive trade balance of around $60B. Switzerland imports for 2021 was $448.39B, a 11.32% increase from 2020. Fastest increases from 2019 to 2020 were for Swiss imports from the United States under the mineral fuels including oil product category via a 86.9% gain in revenue, gems and precious metals (up 58.3%), organic chemicals (up 28.2%), miscellaneous chemical goods (up 22.9%) and tanning or dyeing extracts (up 21.6%). That dollar amount represents a 45.7% gain compared to 2019. Although the Swiss government has been trying to safeguard its agricultural sector, the European Union has been pressuring it to relax its strict policies to allow for foreign goods into its markets. The second imported is Gold, which accounts for 2.22%. The country is known for its mountainous topography due to the presence of the Swiss Alps and Jura Mountains in the south and northwest respectively. In 2011, Switzerland was the largest exporter of watches in the world as its exports were valued at US$20 billion. Switzerland's total trade with the United States was $7.77 billion in September, a change of 16.84 percent from the same month one year ago. Switzerland's GDP grew by 0.3% q/q in the second quarter, slowing from a 0.5% increase in the first. That dollar amount reflects a 5% increase from $277.2 billion in 2019. Countries North Carolina imports the most goods from. Fastest increases from 2019 to 2020 were for Swiss imports from Austria under the pharmaceuticals product category via a 21.8% gain in revenue and electronic equipment (up 5.7%). By value, the 15 major product categories listed below represent 84.6% of Switzerlands imports from Austria. Belgium. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The latter was able to record a relatively high average annual growth rate in imports of around 10 per cent between 2000 and 2020. What is meant by the competitive environment? Imports The top imports of Switzerland are Gold ($87.4B), Packaged Medicaments ($26.6B), Vaccines, blood, antisera, toxins and cultures ($11.8B), Cars ($9.65B), and Jewellery ($7.83B), importing mostly from Germany ($62.7B), Italy ($25.1B), United States ($19.7B), France ($16.3B), and China ($14.9B). Compare Exports by Country Trade in services with Switzerland (exports and imports) totaled an estimated $71.9 billion in 2019. Area. Slovenias exports include automobiles and vehicle parts, electric machinery, pharmaceuticals and other chemical products, and furniture. What country has the largest population of any European country. Data are in current U.S. dollars. Independent insights and analysis presented in this article are based on researched facts and statistics sourced from the following educational sources. Fastest increases from 2019 to 2020 were for Swiss imports from Thailand under the gems and precious metals product category via a 56.7% gain in revenue, rubber (up 52.2%), miscellaneous food preparations (up 39.9%), knitted and crocheted clothing (up 14%), meat or seafood preparations (up 11.1%) and vegetable or fruit preparations (up 9.9%). Fruits such as melons, oranges, apples are . Fastest increases from 2019 to 2020 were for Swiss imports from Germany under the pharmaceuticals product category via a 18.5% gain in revenue then gems and precious metals (up 17.3%). Switzerland Major Imports Based on the statistics of United Nations, Switzerland imported US$461,898 million worth of goods around the world in 2018. Merchandise imports to Switzerland increased by 5.1% compared to 2019. Germany's exports to Switzerland amounted to. Merchandise Trade statistics data for Switzerland (CHE) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. It does not store any personal data. However, the countrys economy is also driven by agriculture and industry. U.S. imports of services from Switzerland were an estimated $25.0 billion in 2019, 8.4% ($1.9 billion) more than 2018, and 29.7% greater than 2009 levels. The services industry in Switzerland is mainly driven by tourism and the banking sectors. The country recorded USD 82874507 thousand from gold imports which represent 24.4% worldwide total's output. #29 . Trade Data. It is a criminal offense to reveal client information just as it is in the case of doctors and priests. Switzerland is a major hub for coal trading with Swiss-based companies overseeing 40% of world trade, reveals a report by Swiss NGO Public Eye published. Regarding tourism, Switzerland enjoys revenues of up to CHF 16.8 billion every year. Armenias main imports partners are Russia, China, Ukraine, Iran, Germany, Italy, Turkey, France and Japan. The second lists top trade partners of Switzerland regarding import total (buying). Major Import products are MOTOR CARS AND OTHER MOTOR VEHICLES PRINCIPALLY DESIGNED PASSENGERS with an import value of US $ 106.9 Million . Plastics, chemicals, iron are also exported in large quantities from Japan. #30. US$ 1 Nestl Switzerland: 22.1 2 Lactalis France: 21.0 3 Dairy Farmers of America United States: 20.1 4 Danone France: 18.2 5 Yili Group China: 13.4 6 Fonterra New Zealand: 13.2 7 FrieslandCampina Netherlands: 12.6 8 Mengniu Dairy China . Export Distributors, Wholesalers & Importers and International Brokers. Top Switzerland Imports from the World. Reporting period: 2002 - 2020. Since Peru is a nation rich in resources, it relates to both economic stability as well as social and environmental instability. The cookie is used to store the user consent for the cookies in the category "Analytics". Contact our local experts, https://countryeconomy What are Armenia major imports and exports? The second place is occupied by medicines, with almost 6%, and cars and car parts with almost 5%. Here is my set up on my Scott Speedster Gravel 30 for my first 3 days trip from Belgium to France following the north coast. However, Asia imports 55% of the Swiss watches and clocks making it the countrys largest watches and clocks export partner. The largest decline was in imports of United States wines (3.9 million liters in total, a drop of 1.2 million liters, -23.8%). There are many government subsidies for farmers as well as high tariffs to encourage domestic agricultural practices. . China was on top of the list and had the most exports having an export value of 2.3 trillion United States Dollars. The consent submitted will only be used for data processing originating from this website. TELEVISION RECEIVERS(VIDEO MONITORS,PROJECTORS),REPRODUCING APPARATUS with . Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. By value, the 15 major product categories listed below represent 78.9% of Switzerlands imports from France. In 2020, the United States exports to Switzerland amounted to $21 billion or 7.2% of overall Swiss imports. Posting the severest declines among Switzerlands top 15 imported products were mineral fuels including oil (down -39%), collector items, art and antiques (down -37.8%), clocks and watches (down -24.5%), aircraft and spacecraft (down -15.7%) then gems and precious metals (down -12.4%). Leading services exports from the U.S. to Switzerland were in the intellectual property (industrial processes), research and development services, and professional and management services sectors. U.S. total exports of agricultural products to Switzerland totaled $393 million in 2019. Fastest increases from 2019 to 2020 were for Swiss imports from the United Kingdom under the books, newspapers and pictures product category via a 152.6% gain in revenue, aircraft and spacecraft (up 67.7%), gems and precious metals (up 52%), miscellaneous chemical goods (up 17.8%) then perfumes and cosmetics (up 10.1%). Germany was estimated to be Switzerland's main import partner in 2019 with a share of 21 percent. Services exports were $46.8 billion; services imports were $25.0 billion. 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). Switzerland's major imported products include gold, medication mixes in dosage, phone devices including smartphones, and computers. Download Historical Data First bikepacking trip - Belgium to France. The U.S. services trade surplus with Switzerland was $21.8 billion in 2019. By value, the 15 major product categories listed below represent 79.4% of Switzerlands imports from Italy. Most of these clocks and watches are exported to Asia, the Americas, and Europe. 48.06 %. Top 10 countries from where Switzerland imports most. U.S. goods imports from Switzerland totaled $44.6 billion in 2019, up 8.6% ($3.6 billion) from 2018, and up 178.1% from 2009. Refined petroleum and jewels are also imported in Switzerland but in smaller quantities, that reaches almost 4%. This cookie is set by GDPR Cookie Consent plugin. Swiss companies produce most of the world's high-end watches: in 2011 exports reached nearly 19.3 billion CHF, up 19.2% over the previous year. McMeal at McDonalds (or Equivalent Combo Meal) 15.00Fr. Nestle AG is the world's largest food and non-alcoholic beverages company with headquarters in Switzerland. The main industries in Switzerland are banking and finance. Posting the severest declines among Switzerlands top 15 imported products were vehicles (down -15%), gems and precious metals (down -14.5%) then medical or technical equipment (down -8.1%). Scotlands top 5 goods export categories in 2018 were: (1) Petroleum products & related materials (11.5 billion); (2) Beverages (4.3 billion); (3) Power generating machinery & equipment (2.6 billion); What products does Armenia import and export? Company Rank in Japan in 2021 is 26. The first table below shows top trading partners of Switzerland in terms of export sales (selling), including Germany, United States, and France. of jewellery and pts thereof of/o prec mtl, Grains, fruits, vegetables; meat, eggs, dairy products, Machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals. What does Switzerland mainly produce? The growth in the economy has remained relative steady on an upwards trajectory. . Find in-depth analysis and coverage of world politics, economics, business, finance, science and more At Seair Exim, you will receive the export-import trade data of Switzerland that helps you to analyze the trading trends of the country. Largest dairy companies by dairy revenue (FY 2019) Rank Company Headquarters Dairy product revenue in bn. Switzerland was the world's largest gold importing country in 2021 based on value. Some of the popular pharmaceutical firms in Switzerland are Roche and Novartis, two of the world's largest biotech companies. The Swiss love white wine, both locally produced and imported. Examples of the food products are potatoes, wheat, barley, sugar beets, fruits (apple and grapes), milk products, meat products (such as veal, pork, and beef), and vegetables. Switzerland can also draw on a diversified network with countries from Asia or the Middle East. BREAKING NEWS. Here is a breakdown of the most important products imported by Switzerland, both commodities and other notable imports. Nestle have more than 2000 brands ranging from global icons to local preferred FMCG products, and Nestle is present in 191 countries around the world. Top 51 products are contributing 35 % of the total imports. Its biggest export destinations are Germany ($39.9 billion), the United States ($10.9 billion), Italy ($9.1 billion), and Switzerland ($7.92 billion). Switzerland has a highly skilled labor force. GDP was driven by private consumption and business investments in equipment and software. These cookies ensure basic functionalities and security features of the website, anonymously. Wikipedia, Switzerland, Borders of Switzerland, Copyright 2022 Imported Consumer Products, Medical, technical equipment: $2.5 billion, Mineral fuels including oil: $2.2 billion, Furniture, lighting, signs: $602.4 million, Leather, animal gut articles: $444.1 million, Clothing (not knit or crochet): $429.9 million, Mineral fuels including oil: $402.6 million, Medical, technical equipment: $1.8 billion, Collector items, art, antiques: $395 million, Mineral fuels including oil: $342.5 million, Clothing (not knit or crochet): $1.4 billion, Other textiles, worn clothing: $930 million, Furniture, lighting, signs: $568.2 million, Medical, technical equipment: $477.2 million, Leather, animal gut articles: $299.9 million, Mineral fuels including oil: $1.2 billion, Collector items, art, antiques: $444.3 million, Medical, technical equipment: $417.5 million, Furniture, lighting, signs: $203.3 million, Medical, technical equipment: $208 million, Collector items, art, antiques: $196.6 million, Books, newspapers, pictures: $128.1 million, Medical, technical equipment: $12.6 million, Other textiles, worn clothing: $11.4 million, Collector items, art, antiques: $8.7 million, Clothing (not knit or crochet): $8.6 million, Leather, animal gut articles: $6.6 million, Medical, technical equipment: $3.7 million, Clothing (not knit or crochet): $2.5 million, Collector items, art, antiques: $1.9 million, Mineral fuels including oil: $259.6 million, Furniture, lighting, signs: $259.3 million, Medical, technical equipment: $162.9 million, Meat, seafood preparations: $40.1 million, Leather, animal gut articles: $35.3 million, Medical, technical equipment: $27.1 million, Vegetable/fruit preparations: $14.8 million. Examples of these exports are precious jewelry, watches, vaccines, arms & ammunition, medicaments, and orthopedic appliances. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The second place is occupied by medicines, with almost 6%, and cars and car parts with almost 5%. Leading domestic export categories include: tobacco ($204 million), tree nuts ($32 million), wine & beer ($15 million), beef & beef products ($10 million), and snack foods not elsewhere specified or indicated ($10 million). This statistic shows the estimated data for main import partners of Switzerland in 2019. In 2020, Italys exports to Switzerland amounted to $23.7 billion or 8.1% of overall Swiss imports. Due to these many magnificent tourist destinations, many tourists are drawn to Switzerland annually. Although the sector does not contribute much to the countrys economy, the Swiss government is very protective of it. 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