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Trade between Belgium and Switzerland

In 2024, Belgium exported $4.2 billion to Switzerland and imported $8.9 billion. Belgium ran a deficit of $4.7 billion with Switzerland, compared with a deficit of $2.1 billion in 2019. Switzerland was Belgium’s 12th largest trading partner (2% of its trade), and Belgium was Switzerland’s 15th (2%).

Summary

Belgium → Switzerland
$4.2billion
Switzerland → Belgium
$8.9billion
Belgium’s balance
-$4.7billion

Balance

Belgium’s trade balance with Switzerland

Trade between Belgium and Switzerland grew 2.6-fold since 1995

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

  • Exports 4.2
  • Imports 8.9
  • Balance -4.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$2.9 billion$2.1 billion$795 million
1996$2.9 billion$2 billion$896 million
1997$2.9 billion$1.8 billion$1 billion
1998$2.8 billion$1.8 billion$1 billion
1999$2.3 billion$1.6 billion$700 million
2000$2.5 billion$1.6 billion$893 million
2001$2.6 billion$1.7 billion$851 million
2002$2.6 billion$1.9 billion$645 million
2003$3 billion$1.9 billion$1.1 billion
2004$3.4 billion$2.3 billion$1.1 billion
2005$3.8 billion$2.1 billion$1.7 billion
2006$4.5 billion$2.3 billion$2.1 billion
2007$4.9 billion$3.4 billion$1.5 billion
2008$5.7 billion$4.2 billion$1.6 billion
2009$4.4 billion$3.7 billion$694 million
2010$4.9 billion$3 billion$1.8 billion
2011$6.8 billion$4.1 billion$2.7 billion
2012$8.5 billion$3.6 billion$4.8 billion
2013$6 billion$4 billion$2 billion
2014$5 billion$4.3 billion$660 million
2015$4.8 billion$3.6 billion$1.2 billion
2016$4.9 billion$4 billion$907 million
2017$5.1 billion$5 billion$146 million
2018$5.2 billion$5.1 billion$100 million
2019$5.5 billion$7.6 billion-$2.1 billion
2020$4 billion$7.3 billion-$3.3 billion
2021$4.4 billion$7.6 billion-$3.2 billion
2022$4.8 billion$7.9 billion-$3.2 billion
2023$4.4 billion$9.4 billion-$4.9 billion
2024$4.2 billion$8.9 billion-$4.7 billion

What they sell each other

What Belgium sells to Switzerland

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

  1. Vaccines, blood and antisera$466 million · 11.2%
    411 tonnes · Belgium’s destinations
  2. Diamonds$308 million · 7.4%
    Belgium’s destinations
  3. Gold$286 million · 6.8%
    4 tonnes · Belgium’s destinations
  4. Refined petroleum$282 million · 6.8%
    344 thousand tonnes · Belgium’s destinations
  5. 799 tonnes · Belgium’s destinations
  6. Cars$160 million · 3.8%
    7 thousand tonnes · Belgium’s destinations
  7. Medical and dental instruments$116 million · 2.8%
    1 thousand tonnes · Belgium’s destinations
  8. Precious metal scrap$75 million · 1.8%
    1 tonne
  9. Copper wire$73 million · 1.8%
    8 thousand tonnes
  10. 18 thousand tonnes

What Switzerland sells to Belgium

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

  1. Vaccines, blood and antisera$5.8 billion · 65%
    183 tonnes · Switzerland’s destinations
  2. 2 thousand tonnes · Switzerland’s destinations
  3. 233 tonnes
  4. Medical and dental instruments$248 million · 2.8%
    1 thousand tonnes · Switzerland’s destinations
  5. Other wristwatches$128 million · 1.4%
    13 tonnes
  6. Diamonds$79 million · 0.89%
    Belgium’s sources
  7. Precious metal watches$51 million · 0.57%
  8. Centrifuges and filters$43 million · 0.48%
    251 tonnes
  9. Gold$42 million · 0.47%
    1 tonne · Switzerland’s destinations
  10. 103 tonnes

How it travels

Belgium and Switzerland traded $13.1 billion in 2024 (both directions together). They trade mostly by air: 79% of the value travels by plane.

Split by transport mode

  1. Sea$2.7 billion · 20.9%
  2. Air$10.3 billion · 79.1%

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

How much each matters to the other

Switzerland was Belgium’s 12th largest trading partner (2% of its trade), and Belgium was Switzerland’s 15th (2%).

Switzerland in Belgium’s trade
1.7%
Switzerland’s rank among Belgium’s partners
12th
Belgium in Switzerland’s trade
1.7%
Belgium’s rank among Switzerland’s partners
15th

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.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.