Switzerland top Exports & Imports from & to India , and last 3 years export and import value, Analysis.

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Digital Assignment: 1
Country: Switzerland
1.Top 10 Imports and Exports of the country from, to India.
India Imports:
1. Pearls, precious stones, metals, coins $16.34B
2. Machinery, nuclear reactors, boilers $338.61M
3. Organic chemicals $248.41M
4. Pharmaceutical products $242.34M
5. Electrical, electronic equipment $202.00M
6. Optical, technical, medical apparatus $200.78M
7. Clocks and watches $150.65M
8. Tanning, dyeing extracts, tannins $44.47M
9. Plastics $36.26M
10.Miscellaneous chemical products $33.54M

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India Exports
1. Organic chemicals $543.24M
2. Pearls, precious stones, metals, coins $272.28M
3. Machinery, nuclear reactors, boilers $45.83M
4. Inorganic chemicals, isotope $45.23M
5. Electrical, electronic equipment $35.76M
6. Articles of apparel, knit or crocheted $32.85M
7. Tanning, derivatives, pigments $30.43M
8. Clocks and watches $23.47M
9. Articles of leather, animal gut, travel good $23.10M
10.Optical, photo, technical, medical apparatus $21.36M

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Analysis:
1. 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 for Switzerland is 1.70% and the Most Favored
Nation (MFN) Weighted Average tariff is 3.42%.
2. The trade growth is 1.21% compared to a world growth of 3.50%. GDP of
Switzerland is 705,140,354,170 in current US$. Switzerland services export is
126,842,177,850 in BoP, current US$ and services import is 106,038,945,540 in
Bop, current US.
3. Switzerland exports of goods and services as percentage of GDP is 66.13%
and imports of goods and services as percentage of GDP is 53.90%.

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2.Major product category for the past 3 years.
Import
Product Group 2016 2017 2018
Intermediate goods $ 13,01,72,120 $ 11,84,07,884 $ 11,74,64,209
Stone and Glass $ 10,20,06,015 $ 9,12,88,108 $ 8,87,18,363
Consumer goods $ 8,56,89,728 $ 9,36,54,959 $ 10,26,20,472
Capital goods $ 4,37,86,801 $ 4,56,91,174 $ 4,90,14,938
Chemicals $ 4,27,09,047 $ 4,54,83,929 $ 4,91,65,031
Export
Product Group 2016 2017 2018
Intermediate goods $ 15,05,50,366 $ 13,76,57,642 $ 13,68,92,845
Stone and Glass $ 9,96,30,768 $ 8,53,59,152 $ 8,22,34,784
Consumer goods $ 9,89,42,416 $ 10,25,85,008 $ 11,10,82,643
Chemicals $ 9,32,76,302 $ 9,73,26,973 $ 10,33,58,381
Capital goods $ 5,01,55,286 $ 5,36,29,523 $ 5,64,32,301

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The Interpretation of data
1. The Swiss economy is extremely open to foreign trade, which represents
120% of the country’s GDP (World Bank - 2018). The European Union is
Switzerland's largest trade partner, accounting for two-thirds of its total
foreign trade.
2. Since 2002, the country has signed agreements with the EU regarding
seven key trade sectors. Exports of goods and services account for nearly
two-thirds of the country’s GDP.
3. Main exports are gems (20.6%), pharmaceuticals (14.4%), blood (9.4%),
and clocks and watches (4.4%), while the main imports are gems and
precious metals (22.7%), pharmaceuticals (7%), jewellery (5.8%), and
vehicles (3.8%) (Comtrade data).
4. In 2018, Switzerland's main clients were Germany (15.3%), United States
(13.2%), China (9.7%) and France (6.4%). Its main suppliers were
Germany (20.7%), United Kingdom (9.5%), Italy (7.6%) and United
States (7.6%) (Comtrade data).
5. Switzerland has a large trade surplus. Exports rely mostly on high-tech
sectors, which are less dependent on the international economic
situation than other industries.