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Trade between Australia and Switzerland

In 2024, Australia exported $4.8 billion to Switzerland and imported $2.8 billion. Australia ran a surplus of $2 billion with Switzerland, compared with a deficit of $1.1 billion in 2019. Switzerland was Australia’s 16th largest trading partner (1% of its trade), and Australia was Switzerland’s 21st (1%).

Summary

Australia → Switzerland
$4.8billion
Switzerland → Australia
$2.8billion
Australia’s balance
$2billion

Balance

Australia’s trade balance with Switzerland

Trade between Australia and Switzerland grew 7.2-fold since 1995

USD billions (current). Australia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 4.8
  • Imports 2.8
  • Balance +2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$294 million$767 million-$473 million
1996$341 million$760 million-$419 million
1997$302 million$689 million-$387 million
1998$691 million$664 million$27 million
1999$159 million$759 million-$601 million
2000$138 million$764 million-$626 million
2001$158 million$690 million-$533 million
2002$169 million$731 million-$562 million
2003$153 million$786 million-$633 million
2004$172 million$1.1 billion-$879 million
2005$158 million$1.2 billion-$1 billion
2006$314 million$1.5 billion-$1.2 billion
2007$1.4 billion$1.8 billion-$319 million
2008$430 million$1.9 billion-$1.5 billion
2009$302 million$2 billion-$1.7 billion
2010$418 million$2.1 billion-$1.6 billion
2011$602 million$3.1 billion-$2.5 billion
2012$948 million$3.1 billion-$2.1 billion
2013$786 million$2.9 billion-$2.2 billion
2014$655 million$2.6 billion-$2 billion
2015$770 million$2.3 billion-$1.6 billion
2016$1.5 billion$2.3 billion-$782 million
2017$1.8 billion$2.4 billion-$586 million
2018$1.2 billion$2.8 billion-$1.6 billion
2019$1.4 billion$2.5 billion-$1.1 billion
2020$1.9 billion$2.4 billion-$450 million
2021$1.7 billion$2.7 billion-$1 billion
2022$3.3 billion$2.8 billion$541 million
2023$5.7 billion$2.9 billion$2.8 billion
2024$4.8 billion$2.8 billion$2 billion

What they sell each other

What Australia sells to Switzerland

The top 10 headings in 2024, with their share of the total.

  1. Gold$4.4 billion · 91.2%
    165 tonnes · Australia’s destinations
  2. 33 tonnes · Switzerland’s sources
  3. Platinum$44 million · 0.91%
    1 tonne · Switzerland’s sources
  4. Silver$34 million · 0.71%
    102 tonnes
  5. Vaccines, blood and antisera$24 million · 0.49%
    13 tonnes · Australia’s destinations
  6. Coal$20 million · 0.42%
    153 thousand tonnes · Australia’s destinations
  7. Aircraft parts$19 million · 0.4%
    9 tonnes
  8. Fresh beef$19 million · 0.4%
    617 tonnes
  9. Lamb and goat meat$18 million · 0.37%
    963 tonnes · Australia’s destinations
  10. 35 tonnes

What Switzerland sells to Australia

The top 10 headings in 2024, with their share of the total.

  1. Vaccines, blood and antisera$433 million · 15.3%
    76 tonnes · Switzerland’s destinations
  2. Precious metal watches$371 million · 13%
    5 tonnes
  3. 1 thousand tonnes · Switzerland’s destinations
  4. Other wristwatches$244 million · 8.6%
    44 tonnes
  5. Orthopedic and hearing devices$162 million · 5.7%
    79 tonnes
  6. Gold$131 million · 4.6%
    2 tonnes · Switzerland’s destinations
  7. Coffee$116 million · 4.1%
    3 thousand tonnes · Switzerland’s destinations
  8. Airplanes and helicopters$72 million · 2.5%
    23 tonnes · Switzerland’s destinations
  9. 160 tonnes · Switzerland’s destinations
  10. Jewelry$55 million · 1.9%
    1 tonne · Switzerland’s destinations

How it travels

Australia and Switzerland traded $7.7 billion in 2024 (both directions together). They trade mostly by air: 93% of the value travels by plane.

Split by transport mode

  1. Sea$534 million · 7%
  2. Air$7.1 billion · 93%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Switzerland was Australia’s 16th largest trading partner (1% of its trade), and Australia was Switzerland’s 21st (1%).

Switzerland in Australia’s trade
1.2%
Switzerland’s rank among Australia’s partners
16th
Australia in Switzerland’s trade
1%
Australia’s rank among Switzerland’s partners
21st

Compare with

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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.