market brief on switzerland - zimtrade€¦ · switzerland annual growth in value between...
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Market Brief on Switzerland
January 2018
Location Facts and Figures
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.
Total Population 8.2 Million
Area 41,277 sq km
Time Zone UTC+01:00
Capital City Zurich
International Telephone Code
+41
Currency Swiss franc (CHF)
Exchange Rate (29/01/18)
1 USD = 1.00326 CHF
GDP (Dec 2016)
US$669 billion
GDP per capita (Dec 2016)
US$81,663
GDP Growth Rate (Dec 2015)
1%
Ease of Doing Business (World Bank 2017)
31/190
Inflation Rate (Dec 2016)
-1.1%
Official Language(s)
German
Other Languages French, Romansh, Italian, English
Business Hours 0800 hrs-1700 hrs Lunch 1300-1400 hrs
Banking Hours 0900-1530 hrs (wkdays) 0830-1200 hrs (Sat)
Literacy Rate 99%
Measures Metric System
Important International Participation
WTO, UN, Schengen Convention
1
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
Cities & Population
Switzerland Trade with the World
Major import sources of Switzerland (2016) Major export destinations of Switzerland (2016) Na
2012 2013 2014 2015 2016
Exports 312,282,673 357,905,224 311,145,884 291,959,194 303,067,689
Imports 295,071,061 321,050,462 275,053,993 253,152,460 268,155,840
-
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
350,000,000
400,000,000
US
$'0
00
20%
13%
8%
8%7%
5%
3%
3%
2%
2%
29%
Germany UK USA Italy
France China Austria Ireland
Turkey Netherlands Other
14%
10%
9%
7%
7%6%5%
5%
3%
3%
31%
Germany USA China India
China France Italy UK
Singapore Austria Other
Source: Trademap
Source: Trademap
Source: Trademap
Major import products of Switzerland (2016) Major export products of Switzerland (2016)
Zimbabwe-Switzerland Trade (US$’000)
31%
6%
4%
3%3%3%1%1%1%
1%
46%
GoldMedicamentsMotor carsArticles of jewelleryHuman & animal bloodChemicals (heterocyclic compounds)Petroleum oilsPowered aircraftTelephone setsAutomatic data-processing machinesOther
27%
13%
9%6%3%
3%
1%
1%
1%
1%
35%
GoldMedicamentsHuman & animal bloodWatchesArticles of jewelleryChemicals (heterocyclic compounds)Medical equipment & appliancesHormones, prostaglandins, thromboxanes and leukotrienesDiamondsCoffeeOther
2012 2013 2014 2015 2016
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)
(10,000)
(5,000)
-
5,000
10,000
15,000
20,000
25,000
30,000
US
$'0
00
Source: Trademap
Source: Trademap
Source: Trademap
Zimbabwe’s major exports to Switzerland (2016)
Zimbabwe's exports to Switzerland Value in 2016, (US$’000)
Zimbabwe's exports to Switzerland Annual growth in value between 2012-2016, %, 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 277 157 187,881
Fresh or chilled peas 257 100 17,396
Antisera and other blood fractions and immunological products
117 26 7,161,761
Men's or boys' suits 116 209 650,493
Granite 82 - 214,622
Essential oils 60 - 138,462 Source: Trademap
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)
61%12%
6%
3%
3%
1%1%
13%
Medicaments
Injection-moulding machines for working rubber or plastics
Mixtures of odoriferous substances
Machines for the reception
Food preparations for infant use
Milk and cream in solid forms
Parts of ball-point pens, felt-tipped and other porous-tippedpens and markers
Other
Food preparations for baby foods
Useful Addresses Preferential Trade Arrangements
Embassy of Switzerland in Zimbabwe 9 Lanark Road Belgravia P. O. Box 3440 Harare Tel: +263 4 703997/8 E-mail: [email protected]
Permanent Mission of the Republic of Zimbabwe 27 Chemin William Barbey 1292 Geneva Geneva Tel: +41 22 7583011/13/26 Fax: +41 22 7583044 E-mail: [email protected]
Chambre de Commerce et d'Industrie du Jura 23, rue de l'Avenir Case postale 274 2800 Delémont Tel: +41 32 421 45 45 Fax: +41 32 421 45 40 Email: [email protected] Website: www.ccij.ch Chambre de commerce, d'industrie et des services de Genève 4, boulevard du Théâtre Case postale 5039 1211 Genève Tel: +41 22 819 91 11 Fax: +41 22 819 91 00 Email: [email protected] Website: www.ccig.ch
• 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
Travelling to Switzerland
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” (www.tradezimbabwe.com)
For more information, please contact us
www.tradezimbabwe.com
@ ZimTradeAlterts
+263-4-369330-41
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 www.zimtrade.co.zw