Overview
U.S. companies producing equipment and machinery (including ICT equipment) may find opportunities to supply Switzerland’s global corporations in the pharmaceutical (Novartis, Roche), chemical (Syngenta, Clariant, Lonza, Firmenich, Givaudan), machinery (ABB), food processing (Nestlé), financial (UBS, Credit Suisse, Zurich Insurance, SwissRe), and commodity trading (Glencore, Mercuria) sectors; small and medium enterprises; and other sectors requiring high tech and precision machinery and equipment.
|
|
2018 |
2019 |
2020 |
2021 estimated |
|---|---|---|---|---|
|
Total Local Production1 |
40,875 |
40,632 |
41,766 |
49,937 |
|
Total Exports2 |
37,749 |
35,435 |
33,235 |
37,833 |
|
Total Imports2 |
34,981 |
34,187 |
33,931 |
38,222 |
|
Imports from the US2 |
1,625 |
1,729 |
1,517 |
1,719 |
|
Total Market Size |
38,107 |
39,384 |
42,462 |
44,326 |
|
Exchange Rates |
0.978 |
0.994 |
0.939 |
0.914 |
(total market size = (total local production + imports) - exports)
Units: $ millions
Source:
1Swiss gross value-added in the sectors of electrical equipment, mechanical engineering, equipment repair, data processing equipment, and watches per: BFS (retrieved on 6/23/2022). The growth rate for local production for 2021 was estimated at 5.2% in Swiss franc terms, in line with overall GDP growth for the year
2 Includes goods in the category of machinery (HS Codes 84 and 85), per the UN Comtrade database (retrieved on 6/23/22).
Leading Sub-Sectors
Automatic data processing machines, turbines, electric apparatus for telecom.
Opportunities
Opportunities exist in the leading subsectors including in the field of laboratory equipment, batteries, and pumps. Information and Communications Technology-related services (also partially reflected in HS Code 85) include cloud computing (including software from the cloud), cyber security, the construction of data centers, blockchain applications, Internet of Things, Big Data, Health IT, Agro IT and Artificial Intelligence.
Resources
Association of the Swiss mechanical and electrical engineering industries (Swissmem): www.swissmem.ch