Trade
The industrial sector reached a technologically advanced level
with particular strengths in machine and electrical engineering, electronics, optics,
watch making, pharmaceutical, chemical, textile and food industries.
Switzerland is very reliant on foreign trade
and an important players in world trade. Every second Swiss franc is earned abroad. The
share of foreign trade in its GNP is one of the highest in the world. Swiss exports
amounted to CHF 193.3 billion in 2010 and imports reached
CHF 173.7 billion. Over 80 % of imports came
from the European Union (EU) and more than 60 % of exports went to the EU. Other one third of Swiss exports went
overseas, where Asia was the leading market followed by North America.
Consultancy, insurance and tourism are also
part of the export trade. Exports of goods and services alone amount to
about CHF 25,000 per head per year.
Investment
Swiss authorities attach great importance to maintaining the
best possible climate for trade and industry by ensuring that the economic system and
Swiss market stay as liberal and competitive as possible. There are numerous important
international companies but more than 99.7 % of all firms fall into the category of small or
medium-sized businesses. Many of them produce for the international market as well.
Switzerland is an attractive by international standards for foreign investors. Various
important foreign companies have established their European headquarters, offices and/or
factories in Switzerland. |