Switzerland’s five greatest exports

Written by  //  August 3, 2013  //  Travel  //  No comments

Switzerland – The home of Cuckoo Clocks, yodelling and fine chocolate! Ok, this is a bit unfair; Switzerland is in fact one of Europe’s most important economies, exporting a wide range of products across the world. To really gain an understanding of the Swiss export market, we have outlined five of their greatest exports that the world seems to lap up simply because it has that Swiss mark of approval.

Watches

This may seem a little obvious but watches are in fact one of Switzerland’s leading exports. Switzerland is the world’s leading exporter of high-end watches and clocks, with leading Swiss watch manufacturers including Hublot, Zenith and TAG-Heuer. In 2011 the value of Switzerland’s watch export market was estimated to be at over 20 billion dollars, with major export markets including the United States, Europe and Asia. Switzerland’s watch market shows no signs of slowing down, with new entrants to market like Sisu Swiss watch suppliers becoming one of the most up and coming watch brands to emerge in recent years.

Chocolate

Switzerland has a long standing history with the chocolate industry and is renowned for producing some of the finest chocolate in the world.  Each year the Swiss produce almost 150,000 tonnes of chocolate and consume more chocolate (per capita) than any other country in the world. Of the 150,000 tonnes of chocolate produced in Switzerland almost 53% of it was exported around the world valuing the Swiss chocolate market at £1.37 billion.

Cheese

Switzerland is home to almost 450 varieties of cheese, which in part is due to their strong agricultural industries. With lush grazing grounds, Switzerland has a long-standing history of producing world famous cheeses. Some of the most famous cheeses produced in Switzerland include Emmental, Edam and Gala, all of which are exported across the world. Cheese manufacturers have recently fallen victim to the strong Swiss Franc, as their exports can no longer be sold to weakening economies across the world.

Finance

Switzerland is one of the world’s leading financial centres and is home to some of the world’s leading banks. Many countries are attracted to Swiss banks as Switzerland is a truly independent country that is not affected by war time instability. Currently Switzerland employs almost 196,000 within the finance sector, which represents about 5.6% of the Swiss workforce demonstrating the significance of Swiss banking.

Culture

This may not be an obvious selection but Switzerland exports huge amounts of its culture across the world. From the Sound of Music, to Heidi and yodellers – Switzerland is a major exporter of it’s own culture that seems to have rubbed off the world over.

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