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How dependent is the United States on Switzerland?

In 2024, Switzerland sold $51.2 billion to the United States, 1.6% of its imports, ranking 16th among its suppliers. Its share was 1.6% in 2019 and 0.97% in 1995. In 7 products it sells more than 50% of what the United States buys of them (in 3, more than 75%); what the United States buys from Switzerland in those products (dominated value) adds up to $6 billion, 0.19% of its imports.

Summary

Share of its imports
1.6%
Value imported
$51.2billion
Rank among its suppliers
16th
Products where it sells over 50%
7
Products where it sells over 75%
3
Dominated value
$6billion
Share of total imports
0.2%

Trend

Trend in shares

Switzerland went from 0.97% to 1.6% of what the United States buys

Share (%)

  • Switzerland 1.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19957,3800.97%19
19967,5920.95%20
19977,9650.91%22
19988,3240.91%23
19999,4710.93%22
200010,4230.87%24
20019,2370.83%24
20029,9110.85%23
200310,9100.86%23
200411,3500.77%26
200512,6500.75%26
200614,0460.75%27
200714,7230.75%26
200817,6430.84%27
200915,3340.99%21
201018,7460.98%21
201123,2031.1%20
201223,7371.1%18
201325,0681.1%19
201428,0691.2%18
201529,2331.3%16
201633,5441.6%15
201733,1591.4%15
201836,5191.5%15
201938,8271.6%15
202053,6932.3%10
202150,6541.8%13
202248,3721.5%16
202346,8051.6%15
202451,2141.6%16

Products where Switzerland sells more than half

ProductSupplierShareSecondValue
Other wristwatchesSwitzerland82.3%over 75%Japan · 9%$3.9 billion
Precious metal watchesSwitzerland93.6%over 75%Portugal · 0.91%$2 billion
Other watch and clock partsSwitzerland77.1%over 75%China · 10.5%$49 million
Watch movementsSwitzerland66.8%Hong Kong · 18.5%$28 million
Watch casesSwitzerland63.9%China · 20.4%$16 million
Glasses for clocks and spectacles, curved or bentSwitzerland52.1%Germany · 16.3%$5 million
Base metals or silver clad with gold, semi-manufacturedSwitzerland60%Mexico · 22.9%$2 million

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 United States is Switzerland’s 2nd-largest customer, with 12.8% 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.