What does Switzerland export?

Switzerland's most important exports are products from the chemical and pharmaceutical industries (52%), machinery (13%), watches (8%) and precision instruments (7%). In 2020 Switzerland imported goods to the value of CHF 182 billion, around two thirds of which came from EU countries and over 27% from Germany alone.

What is Switzerland's number one export?

Exports The top exports of Switzerland are Gold ($68.5B), Packaged Medicaments ($46.3B), Blood, antisera, vaccines, toxins and cultures ($30.2B), Base Metal Watches ($11.5B), and Nitrogen Heterocyclic Compounds ($11.4B), exporting mostly to United States ($62B), Germany ($49.2B), China ($17.3B), France ($16.3B), and ...

What are the top 5 exports of Switzerland?

What are Switzerland's major imports and exports?

Trade of Switzerland. Switzerland's major exports are machinery and equipment, chemical-pharmaceutical products, watches, and textiles and apparel. Raw materials, food, vegetable oils, and fuel account for about one-quarter of total imports and are transported by rail, truck, and barge.

What do we import from Switzerland?

The main commodities imported by India from Switzerland are gold, silver, wrist-watches, pocket-watches, machinery and equipment (electrical and mechanical), precision instruments, pharmaceutical products dyes and chemicals, fertilizers, medicaments, printing ink, writing or drawing ink, diamonds, electrical ...

Imports and Exports in Switzerland

What is the main source of income in Switzerland?

Switzerland has the second highest per capita GDP in the world (USD 86,850 in 2020 based on IMF statistics). Approximately 74% of Swiss GDP is generated by the services sector and 25% by industry. The agricultural sector contributes less than 1%. The EU is Switzerland's main trading partner.

Why is Switzerland so rich?

Pharmaceuticals, gems, chemicals, and machinery are the main contributors. Another key factor is Switzerland's focus on its own industries. The country's attitude towards free trade has resulted in a focus on creating things domestically rather than buying cheap exports from other countries.

What are Swiss known for?

Does Switzerland export gold?

Exports In 2020, Switzerland exported $68.5B in Gold, making it the 1st largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in Switzerland.

What is produced in Switzerland?

In terms of area, the most significant organic crops grown in Switzerland are bread cereals, fodder cereals, vegetables and potatoes. The main organic products of animal origin are milk, meat or meat products, eggs and dairy products, the latter being the most important product group.

Does Switzerland export coffee?

Switzerland exported over CHF2. 5 billion ($2.56 billion) worth of roasted and processed coffee in 2019. The country has been among the top five coffee exporters by value since 2009 thanks to its roasting industry.

Does Switzerland export more than imports?

Switzerland is currently our 16th largest goods trading partner with $62.5 billion in total (two way) goods trade during 2019. Goods exports totaled $17.9 billion; goods imports totaled $44.6 billion. The U.S. goods trade deficit with Switzerland was $26.7 billion in 2019.

What are the main industries in Switzerland?

The main industries in Switzerland are banking and finance. However, the country's economy is also driven by agriculture and industry. In fact, Switzerland is famous in the world for its Swiss chocolates and watches.

Why Swiss gold is famous?

Most of the gold in the world passes through Switzerland. This is a business worth CHF70-90 billion ($70-90 billion) depending on the year. Gold arrives here in unrefined form, and leaves the country in all its glittering purity. Sometimes, though, it is of highly dubious provenance.

What does Switzerland export to India?

Besides bullion, Swiss exports to India consist of chemicals & pharmaceuticals, machinery, transport equipments, precision engineering products and watches.

Which country is biggest importer of gold?

Along with China, India is by far the world's largest importer and consumer of gold. According to GJEPC Chairman Colin Shah, "About 1,067 tonnes of gold import in 2021 can be attributed to the abnormal pandemic situation a year prior when imports had nosedived to 430.11 tonnes".

What food is Switzerland famous for?

What is Switzerland's national animal?

Switzerland does not have an official national animal. However, two species that are a few often associated with this country are: What is this? Cows: They represent a big part of the Swiss landscape.

Who is the richest man in Switzerland?

$145.5 billion 2021. The wealthiest three billionaires in Switzerland had a rather good year. Checkout.com founder Guillaume Pousaz is not only Switzerland's richest person, but Europe's top tech entrepreneur, worth an estimated $23 billion.

What is Switzerland's minimum wage?

The minimum wage is set at CHF 20 per hour. With a referendum held in 2020, voters in Geneva set the world's highest minimum wage at CHF 23 per hour. Meanwhile, Basel became the first German-speaking canton (The latest canton in Switzerland) to set a minimum wage at CHF 21 per hour.

What is the black population of Switzerland?

According to official Swiss population statistics, 73,553 foreigners with African nationality lived in Switzerland as of 2009 (0.9% of total population, or 4.3% of resident foreigners — this data excludes immigrants with African ancestry coming from other parts of the world: Dominican Republic, Brazil, United States, ...

Why is Swiss economy so stable?

The economy of Switzerland proved to be one of the world's most stable economies for many reasons. Its long-term monetary security and political stability have made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady influx of foreign investment.

Who is the world's largest coffee exporter?