Market Brief on Switzerland
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- Elinor Manning
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1 Market Brief on Switzerland January 2018 Location Facts and Figures Total Population 8.2 Million Switzerland is a landlocked country located in Western and Central Europe. It is bordered on the north by France and Germany, on the east by Austria and Liechtenstein, on the south by Italy, and on the west and south-west by France. Cities & Population City Population Zurich 366,445 Geneva 177,500 Basel 165,000 Bern 140,228 Lausanne 129,273 Lucerne 77,491 St. Gallen 70,000 Lugano 68,500 Thun 40,000 Fribourg 32,000 Area Time Zone Capital City International Telephone Code Currency Exchange Rate (29/01/18) GDP GDP per capita GDP Growth Rate (Dec 2015) Ease of Doing Business (World Bank 2017) Inflation Rate Official Language(s) Languages Business Hours Banking Hours 41,277 sq km UTC+01:00 Zurich +41 Swiss franc (CHF) 1 USD = CHF US$669 billion US$81,663 31/ German Literacy Rate 99% Measures Important International Participation French, Romansh, Italian, English 0800 hrs-1700 hrs Lunch hrs hrs (wkdays) hrs (Sat) Metric System WTO, UN, Schengen Convention
2 Na US$'000 Switzerland Trade with the World 400,000, ,000, ,000, ,000, ,000, ,000, ,000,000 50,000, Exports 312,282, ,905, ,145, ,959, ,067,689 Imports 295,071, ,050, ,053, ,152, ,155,840 Major import sources of Switzerland (2016) Major export destinations of Switzerland (2016) 20% 14% 29% 3 10% 1 2% 2% 9% 8% 8% Germany UK USA Italy France China Austria Ireland Turkey Netherlands Germany USA China India China France Italy UK Singapore Austria
3 US$'000 Major import products of Switzerland (2016) Major export products of Switzerland (2016) % 9% 1 Gold Motor cars Articles of jewellery Human & animal blood Chemicals (heterocyclic compounds) Petroleum oils Powered aircraft Telephone sets Automatic data-processing machines Gold Human & animal blood Watches Articles of jewellery Chemicals (heterocyclic compounds) Medical equipment & appliances Hormones, prostaglandins, thromboxanes and leukotrienes Diamonds Coffee Zimbabwe-Switzerland Trade (US$ 000) 30,000 25,000 20,000 15,000 10,000 5,000 - (5,000) (10,000) Exports 3,729 27,438 5,716 3,932 3,406 Imports 9,145 8,788 8,218 11,343 8,376 Trade Balance (5,416) 18,650 (2,502) (7,411) (4,970)
4 Zimbabwe s major exports to Switzerland (2016) Zimbabwe's exports to Switzerland Value in 2016, (US$ 000) Zimbabwe's exports to Switzerland Annual growth in value between , %, p.a. Switzerland s imports from World Value in 2016, (US$ 000) Unmanufactured tobacco 2,103 (16) 125,685 Diamonds 727-2,772,027 Citrus fruit, fresh or dried ,881 Fresh or chilled peas ,396 Antisera and other blood ,161,761 fractions and immunological products Men's or boys' suits ,493 Granite ,622 Essential oils ,462 Zimbabwe products with export potential to Switzerland Zimbabwe's imports from Switzerland (2016) Fresh vegetables (shelled peas, shelled kidney beans) Fresh fruits (grapefruit, avocados, Oranges, guavas, mangoes and mangosteens Fresh or dried macadamia nuts Fresh or chilled mushrooms Cigarettes of tobacco Black fermented tea Sculptures stone and other crafts (basketwork) 1 12% 6 Injection-moulding machines for working rubber or plastics Mixtures of odoriferous substances Machines for the reception Food preparations for infant use Milk and Food cream preparations in solid for forms baby foods Parts of ball-point pens, felt-tipped and other porous-tipped pens and markers
5 Useful Addresses Embassy of Switzerland in Zimbabwe 9 Lanark Road Belgravia P. O. Box 3440 Harare Tel: /8 har.vertretung@eda.admin.ch Permanent Mission of the Republic of Zimbabwe 27 Chemin William Barbey 1292 Geneva Geneva Tel: /13/26 Fax: zimgeneva@zimfa.gov.zw Preferential Trade Arrangements There are no binding Trade Agreements between Zimbabwe and Switzerland. Zimbabwean products enjoy preferential treatment (reduced or no duty) upon import into Switzerland under the General System of Preferences (GSP). For more information on trading under GSP refer to ZimTrade s Guide to Zimbabwe s Trade Agreements ( Chambre de Commerce et d'industrie du Jura 23, rue de l'avenir Case postale Delémont Tel: Fax: ccjura@cci.ch Website: Chambre de commerce, d'industrie et des services de Genève 4, boulevard du Théâtre Case postale Genève Tel: Fax: cci@ccig.ch Website: Travelling to Switzerland Zimbabwe nationals must apply for a visa through the Embassy of Switzerland. A valid passport (at least 6 months) is required. Options to travel to Switzerland by air include: Harare-Addis Ababa-Doha-Geneva Harare-Addis Ababa-Rome-Geneva Harare- Jo burg -Zurich-Geneva Harare-Jo burg-instanbul-geneva Harare-Jo burg-abu Dhabhi- Geneva Harare-Lusaka-Dubai-Geneva Harare-Lusaka-Nairobi-Amsterdam-Geneva Harare-Nairobi-Zurich-Geneva Harare-Nairobi-Paris-Geneva For more information, please contact us ZimTradeAlterts Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to
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