Switzerland -ChemicalsSwitzerland -Chemicals
Overview
U.S. companies have opportunities to supply the Swiss chemical industry with technology, ingredients, and services. As a hub for global chemical supply chains, Switzerland imports nearly $20 billion in chemicals annually, while exporting over $10 billion. About 160 Swiss-based companies produce chemicals, many of which also produce products for the biotech and pharmaceutical industry. These companies specialize in various chemical products such as intermediates and active pharmaceutical ingredients, ingredients for consumer products (e.g., dishwasher agents, cosmetics and perfume industry or agricultural industry) or the chemical industry (e.g., salts, vitamins, sweeteners, iron preparations, adhesives and sealants, plastics industry, polyesters, alkaline, analytical reagents and solvents, pigments, polymers, dispersion binders).(In million USD) | 2014 | 2015 | 2016 (Estimated) | 2017 (Estimated) |
Total Local Production1 | 7,805 | 7,757 | 7,990 | 8,229 |
Total Exports2 | 15,610 | 11,802 | 12,949 | 11,619 |
Total Imports2 | 19,847 | 18,104 | 19,264 | 19,973 |
Imports from the US2 | 630 | 500 | 428 | 479 |
Total Market Size | 12,042 | 14,059 | 14,305 | 16,583 |
Exchange Rates | 0.915 | 0.963 | 0.985 | 0.985 |
1 Swiss gross value-added in the chemical sector per: https://www.bfs.admin.ch/bfs/de/home/statistiken/volkswirtschaft/volkswirtschaftliche-gesamtrechnung/produktionskonto.assetdetail.3322003.html. The estimated growth rate was 3% for 2016 and 2017.
2 Imports and exports of chemicals (HS Codes 28 and 29) as outlined by Global Trade Atlas referring to data from Census.gov and Swiss customs.
Leading Sub-Sectors
Heterocyclic compounds (HS Code 2932 & 2933), hormones (HS Code 2937), nucleic acids and salts (HS Code 2934), antibiotics (HS Code 2941), Ketones (HS Code 2914), oxygen-function amino-compounds (HS Code 2922), amine-function compounds (HS Code 2921), acyclic alcohols (HS Code 2905).Opportunities
Opportunities for U.S. companies exist in the leading sub-sectors.Web Resources
Swiss and international associations relating to the chemical industry : https://www.chemgineering.com/de/Links/Verb%C3%A4ndePrepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.