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How dependent is the European Union on Switzerland?

In 2024, Switzerland sold $152.8 billion to the European Union, 5.5% of its imports from outside the EU, ranking 4th among its suppliers. Its share was 5.2% in 2019 and 7% in 1995. In 16 products it sells more than 50% of what the European Union buys of them (in 3, more than 75%); what the European Union buys from Switzerland in those products (dominated value) adds up to $20.1 billion, 0.72% of its imports from outside the EU.

Summary

Share of its imports (outside the EU)
5.5%
Value imported
$152.8billion
Rank among its suppliers
4th
Products where it sells over 50%
16
Products where it sells over 75%
3
Dominated value
$20.1billion
Share of total imports (outside the EU)
0.7%

Trend

Trend in shares

Switzerland went from 7% to 5.5% of what the European Union buys from outside the EU

Share (%)

  • Switzerland 5.5%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199549,9867%4
199647,4626.3%4
199744,7075.8%4
199847,9036%4
199947,9275.9%5
200045,7335%6
200148,8405.5%5
200251,0515.6%6
200360,2255.7%6
200469,8755.4%6
200573,2264.9%6
200681,7204.6%6
200798,5264.9%6
2008110,4344.7%6
200995,5655.4%5
2010100,4895%5
2011118,0855%5
2012110,7254.9%5
2013113,2155.1%5
2014116,4135.2%5
2015104,1495.5%5
2016105,7445.7%5
2017111,6795.3%5
2018116,0845%5
2019116,4815.2%5
2020121,6786.1%4
2021146,4215.7%5
2022154,8254.9%6
2023155,4145.4%4
2024152,8435.5%4

Products where Switzerland sells more than half

ProductSupplierShareSecondValue
GoldSwitzerland63.4%South Africa · 7.3%$10 billion
Other wristwatchesSwitzerland70%China · 19.8%$4.5 billion
Precious metal watchesSwitzerland95.7%over 75%United Kingdom · 1.5%$2.6 billion
SulfonamidesSwitzerland71%India · 8.4%$2 billion
Self-propelled trains and tramsSwitzerland55.9%Serbia · 22%$424 million
Hydrazine and hydroxylamine derivativesSwitzerland56.1%China · 14.5%$224 million
Other watch and clock partsSwitzerland82.6%over 75%China · 8.1%$198 million
Watch movementsSwitzerland78.5%over 75%Hong Kong · 6.5%$63 million
Watch casesSwitzerland69.1%China · 23.4%$62 million
Balances of a sensitivity of 5 cg or betterSwitzerland53.4%China · 29.5%$43 million
Felt carpetsSwitzerland62.9%China · 15.7%$41 million
Postage and revenue stamps, first-day coversSwitzerland55%United States · 17.6%$11 million
Complete unassembled clock or watch movementsSwitzerland65.9%Tunisia · 13.7%$7 million
True hemp, raw or processed; tow and wasteSwitzerland59.2%South Africa · 17.7%$6 million
Glasses for clocks and spectacles, curved or bentSwitzerland53.9%China · 25.3%$6 million
Yarn of coarse animal hair or horsehairSwitzerland68.6%China · 19%$696 thousand

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Switzerland

The European Union is Switzerland’s 1st-largest customer, with 38.3% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.