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Switzerland trade in 2024

In 2024, Switzerland exported $399.3 billion and imported $378.9 billion, a trade surplus of $20.4 billion. It was the world's 16th-largest exporter, with 1.7% of world exports. Its top export was gold (26.6% of the total) and its main trading partner was Germany (15.5% of its trade).

Summary

Exports
$399.3billion
Imports
$378.9billion
Trade balance
+$20.4billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Gold (26.6%) and medicines in measured doses or retail packs (11%) together make up 37.6% of its exports.

  1. Gold$106.2 billion · 26.6%
    Main partner: China
  2. Medicines in measured doses or retail packs$43.9 billion · 11%
    Main partner: United States
  3. Vaccines, blood and antisera$43.4 billion · 10.9%
    Main partner: Germany
  4. Other wristwatches$19.6 billion · 4.9%
    Main partner: United States
  5. Nitrogen heterocyclic compounds$16.2 billion · 4.1%
    Main partner: Slovenia
  6. Precious metal watches$12.8 billion · 3.2%
    Main partner: United States
  7. Jewelry$9.4 billion · 2.4%
    Main partner: France
  8. Orthopedic and hearing devices$7.8 billion · 2%
    Main partner: United States
  9. Medical and dental instruments$4.9 billion · 1.2%
    Main partner: United States
  10. Coffee$3.9 billion · 0.99%
    Main partner: United States

What it imports

Gold (28.7%) and medicines in measured doses or retail packs (12.5%) together make up 41.2% of its imports.

  1. Gold$108.7 billion · 28.7%
    Main partner: United States
  2. Medicines in measured doses or retail packs$47.4 billion · 12.5%
    Main partner: Slovenia
  3. Vaccines, blood and antisera$19.5 billion · 5.1%
    Main partner: United States
  4. Cars$12.6 billion · 3.3%
    Main partner: Germany
  5. Jewelry$9.1 billion · 2.4%
    Main partner: France
  6. Refined petroleum$5.5 billion · 1.5%
    Main partner: Germany
  7. Unrefined copper$3.8 billion · 0.99%
    Main partner: Zambia
  8. Cameras and broadcast equipment$3.2 billion · 0.83%
    Main partner: China
  9. Precious metal scrap$3.1 billion · 0.82%
    Main partner: Indonesia
  10. Medical and dental instruments$3 billion · 0.8%
    Main partner: United States
By Harmonized System chapter (96)
ChapterExportsImports
71 · Gems and precious metals$122.2 billion$127.7 billion
30 · Pharmaceuticals$88.9 billion$67.5 billion
91 · Watches and clocks$33.7 billion$3.7 billion
29 · Organic chemicals$29.8 billion$8 billion
84 · Mechanical machinery$25.3 billion$22.5 billion
90 · Precision and medical instruments$21.3 billion$9.8 billion
85 · Electrical and electronic equipment$15 billion$16.8 billion
39 · Plastics$6.4 billion$8.3 billion
27 · Oil, gas and coal$5.7 billion$11.6 billion
33 · Perfumes and cosmetics$4 billion$2 billion
09 · Coffee, tea and spices$4 billion$1.5 billion
73 · Iron and steel products$2.9 billion$4.4 billion
87 · Vehicles$2.7 billion$18.6 billion
76 · Aluminum$2.3 billion$3.3 billion
88 · Aircraft and spacecraft$2.2 billion$2.5 billion
32 · Dyes, paints and tanning agents$2 billion$992 million
82 · Tools and cutlery$2 billion$1.1 billion
97 · Art and antiques$1.9 billion$2.5 billion
18 · Cocoa and chocolate$1.7 billion$1.1 billion
22 · Beverages and spirits$1.6 billion$2.5 billion
38 · Miscellaneous chemicals$1.5 billion$1.7 billion
21 · Food preparations$1.4 billion$1.1 billion
72 · Iron and steel$1.3 billion$2.6 billion
48 · Paper and paperboard$1.3 billion$2.5 billion
86 · Railway equipment$1 billion$1.1 billion
74 · Copper$976 million$5.8 billion
19 · Baked goods and cereal products$931 million$1.2 billion
04 · Dairy, eggs and honey$928 million$917 million
28 · Inorganic chemicals$832 million$919 million
94 · Furniture and lighting$789 million$5.1 billion
62 · Woven clothing$773 million$4.5 billion
34 · Soap and cleaning products$746 million$820 million
23 · Animal feed and food waste$744 million$756 million
24 · Tobacco$687 million$428 million
35 · Glues, starches and enzymes$583 million$398 million
61 · Knitted clothing$570 million$3.7 billion
68 · Stone, plaster and cement articles$536 million$1 billion
96 · Other manufactured goods$516 million$424 million
83 · Miscellaneous metal goods$510 million$841 million
44 · Wood$508 million$2.2 billion
64 · Footwear$502 million$2.4 billion
40 · Rubber$467 million$1.7 billion
42 · Leather goods and bags$419 million$1.4 billion
70 · Glass$410 million$1 billion
49 · Books and printed matter$362 million$1.2 billion
17 · Sugar and sweets$313 million$388 million
93 · Weapons and ammunition$298 million$193 million
59 · Coated and technical textiles$282 million$184 million
75 · Nickel$225 million$263 million
95 · Toys and sports gear$217 million$1.4 billion
25 · Salt, stone and cement$217 million$552 million
69 · Ceramics$208 million$648 million
26 · Ores and slag$204 million$677 million
54 · Synthetic filaments$178 million$143 million
63 · Home textiles and used clothing$176 million$849 million
10 · Cereals$167 million$359 million
81 · Other base metals$146 million$268 million
56 · Felt, nonwovens and rope$136 million$283 million
15 · Fats and oils$132 million$588 million
12 · Oilseeds and grains$117 million$376 million
36 · Explosives and matches$107 million$60 million
13 · Gums and plant extracts$107 million$102 million
89 · Ships and boats$101 million$1.3 billion
20 · Preserved fruit and vegetables$96 million$749 million
57 · Carpets and rugs$91 million$204 million
55 · Synthetic staple fibers$87 million$85 million
02 · Meat and offal$81 million$775 million
47 · Wood pulp$71 million$150 million
52 · Cotton$69 million$142 million
58 · Special fabrics and lace$68 million$65 million
07 · Vegetables$66 million$884 million
41 · Hides and leather$58 million$39 million
60 · Knitted fabric$50 million$52 million
31 · Fertilizers$50 million$165 million
65 · Hats$35 million$214 million
78 · Lead$34 million$14 million
79 · Zinc$32 million$66 million
05 · Other animal products$31 million$109 million
66 · Umbrellas and canes$30 million$51 million
92 · Musical instruments$27 million$113 million
11 · Milling products and malt$27 million$145 million
51 · Wool$24 million$58 million
08 · Fruit and nuts$20 million$1.6 billion
01 · Live animals$19 million$147 million
16 · Prepared meat and fish$13 million$481 million
53 · Other plant fibers$9 million$17 million
45 · Cork$9 million$24 million
37 · Photographic goods$9 million$57 million
43 · Fur and fur goods$8 million$28 million
80 · Tin$7 million$6 million
67 · Feathers and artificial flowers$7 million$46 million
50 · Silk$6 million$7 million
03 · Fish and seafood$6 million$624 million
06 · Live plants and flowers$5 million$674 million
46 · Wicker and basketware$3 million$28 million
14 · Other plant products$902 thousand$6 million

Trading partners

Germany is its main destination (13.2% of exports) and source (17.9% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
Germany52.813.2%Land
United States51.212.8%Air
China46.611.7%Air
India21.95.5%Air
France19.34.8%Land
Slovenia184.5%Air
Italy16.84.2%Land
Hong Kong13.13.3%Air
United Kingdom12.13%Air
United Arab Emirates11.32.8%Air

Who it buys from

PartnerValue (USD billions)ShareMode
Germany67.817.9%Land
Italy31.28.2%Land
United States29.97.9%Air
France21.45.7%Land
Slovenia20.45.4%Air
China19.15%Air
United Arab Emirates13.13.5%Air
Austria10.62.8%Land
United Kingdom8.52.3%Air
Spain8.12.1%Air

Overview 1995–2024

In 2024, Switzerland accounted for 1.7% of world exports, compared with 1.8% in 1995.

Exports and imports

Exports grew 4.4-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 399
  • Imports 379
  • Balance +20.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$91.3 billion$86.6 billion$4.7 billion
1996$91.5 billion$89.3 billion$2.2 billion
1997$90 billion$83.7 billion$6.3 billion
1998$91.6 billion$91.6 billion-$82 million
1999$93.1 billion$89.7 billion$3.4 billion
2000$93.5 billion$93.7 billion-$191 million
2001$92.7 billion$95.3 billion-$2.6 billion
2002$99 billion$95.6 billion$3.4 billion
2003$112.8 billion$110.2 billion$2.6 billion
2004$132.7 billion$127.2 billion$5.5 billion
2005$144 billion$143.9 billion$118 million
2006$158.5 billion$159.4 billion-$895 million
2007$191.7 billion$184.2 billion$7.5 billion
2008$230.3 billion$216.2 billion$14.1 billion
2009$187.7 billion$191.8 billion-$4.1 billion
2010$227.1 billion$213.7 billion$13.3 billion
2011$295.3 billion$265.7 billion$29.6 billion
2012$283 billion$310.4 billion-$27.4 billion
2013$347.7 billion$273.6 billion$74.1 billion
2014$302.5 billion$286 billion$16.5 billion
2015$279.5 billion$237.4 billion$42.1 billion
2016$280.8 billion$280.8 billion-$28 million
2017$300.4 billion$278.8 billion$21.6 billion
2018$303.7 billion$291.2 billion$12.4 billion
2019$288.6 billion$285.3 billion$3.3 billion
2020$293.6 billion$298.5 billion-$4.9 billion
2021$365.6 billion$339.5 billion$26.1 billion
2022$390.8 billion$372.6 billion$18.2 billion
2023$402.3 billion$380.8 billion$21.5 billion
2024$399.3 billion$378.9 billion$20.4 billion

World rank

Switzerland fell from 15th to 16th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 15th in 1995
  • 16th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199515th
199618th
199718th
199815th
199917th
200018th
200117th
200218th
200319th
200418th
200519th
200619th
200719th
200819th
200920th
201020th
201117th
201218th
201314th
201418th
201515th
201615th
201718th
201818th
201920th
202019th
202119th
202222nd
202317th
202416th

What it sells

Gems and precious metals became its top export group: from 11% to 31%

% of exports by Harmonized System chapter.

  • Other 14%
  • Plastics 2%
  • Electrical and electronic equipment 4%
  • Precision and medical instruments 5%
  • Mechanical machinery 6%
  • Organic chemicals 7%
  • Watches and clocks 8%
  • Pharmaceuticals 22%
  • Gems and precious metals 31%

Source: CEPII BACI

Show the numbers
Chapter19952024
Gems and precious metals11.4%30.6%
Pharmaceuticals7.3%22.3%
Watches and clocks7.5%8.5%
Organic chemicals8.6%7.5%
Mechanical machinery18.6%6.4%
Precision and medical instruments5%5.3%
Electrical and electronic equipment8.6%3.8%
Plastics3.3%1.6%
Other29.9%14.2%

Who it trades with

Germany went from 26% to 16% of Switzerland's trade

% of total trade (exports + imports) with each partner.

  • Germany 16%
  • United States 10%
  • China 8%
  • Italy 6%
  • France 5%

Source: CEPII BACI

Show the numbers
Partner19952024
Germany26.1%15.5%
United States7.9%10.4%
China1.1%8.4%
Italy9.2%6.2%
France10%5.2%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

  • Zürich$459.6 billion (PPP, 2021 dollars)
  • Geneva$160 billion (PPP, 2021 dollars)
  • Bern$150.2 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

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