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Trade between Hong Kong and Switzerland

In 2024, Hong Kong exported $6.1 billion to Switzerland and imported $13.1 billion. Hong Kong ran a deficit of $7 billion with Switzerland, compared with a deficit of $6 billion in 2019. Switzerland was Hong Kong’s 10th largest trading partner (2% of its trade), and Hong Kong was Switzerland’s 10th (2%).

Summary

Hong Kong → Switzerland
$6.1billion
Switzerland → Hong Kong
$13.1billion
Hong Kong’s balance
-$7billion

Balance

Hong Kong’s trade balance with Switzerland

Trade between Hong Kong and Switzerland grew 5.5-fold since 1995

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

  • Exports 6.1
  • Imports 13.1
  • Balance -7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$562 million$2.9 billion-$2.4 billion
1996$528 million$2.3 billion-$1.7 billion
1997$511 million$2.6 billion-$2 billion
1998$544 million$2 billion-$1.4 billion
1999$506 million$2 billion-$1.5 billion
2000$625 million$2.4 billion-$1.8 billion
2001$496 million$2.6 billion-$2.1 billion
2002$842 million$3 billion-$2.2 billion
2003$1 billion$3 billion-$2 billion
2004$1 billion$3.3 billion-$2.3 billion
2005$1.4 billion$3.3 billion-$1.8 billion
2006$1.5 billion$3.5 billion-$2.1 billion
2007$1.9 billion$4.3 billion-$2.3 billion
2008$2.6 billion$6 billion-$3.4 billion
2009$2.4 billion$5 billion-$2.7 billion
2010$2.2 billion$8 billion-$5.8 billion
2011$2.7 billion$17.4 billion-$14.7 billion
2012$3.5 billion$15.8 billion-$12.3 billion
2013$2.2 billion$49.8 billion-$47.7 billion
2014$3.7 billion$22.7 billion-$19 billion
2015$3 billion$20.3 billion-$17.3 billion
2016$8.9 billion$18.3 billion-$9.4 billion
2017$9.8 billion$15.3 billion-$5.5 billion
2018$4.5 billion$15.7 billion-$11.2 billion
2019$4.3 billion$10.3 billion-$6 billion
2020$12.3 billion$6.7 billion$5.6 billion
2021$4.7 billion$12.1 billion-$7.5 billion
2022$4.1 billion$8.8 billion-$4.7 billion
2023$4.9 billion$17.2 billion-$12.4 billion
2024$6.1 billion$13.1 billion-$7 billion

What they sell each other

What Hong Kong sells to Switzerland

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

  1. Gold$3.7 billion · 60.6%
    50 tonnes · Hong Kong’s destinations
  2. Jewelry$670 million · 11%
    1 tonne · Hong Kong’s destinations
  3. Diamonds$467 million · 7.7%
    Hong Kong’s destinations
  4. Precious metal scrap$277 million · 4.6%
    24 tonnes
  5. Gemstones$247 million · 4.1%
    3 tonnes
  6. Platinum$160 million · 2.6%
    5 tonnes · Hong Kong’s destinations
  7. Precious metal watches$131 million · 2.2%
  8. Other wristwatches$59 million · 0.98%
    2 tonnes
  9. Watch cases$51 million · 0.83%
    32 tonnes
  10. Slag and ash with metals$47 million · 0.77%
    1 tonne

What Switzerland sells to Hong Kong

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

  1. Gold$6.2 billion · 47.3%
    90 tonnes · Switzerland’s destinations
  2. Jewelry$1.6 billion · 12%
    3 tonnes · Switzerland’s destinations
  3. Precious metal watches$1.1 billion · 8.6%
    5 tonnes
  4. Other wristwatches$1.1 billion · 8.4%
    40 tonnes
  5. Platinum$531 million · 4.1%
    9 tonnes · Switzerland’s destinations
  6. Diamonds$510 million · 3.9%
    Hong Kong’s sources
  7. Gemstones$294 million · 2.3%
  8. Makeup and skin care$284 million · 2.2%
    3 thousand tonnes · Switzerland’s destinations
  9. Medicines in measured doses or retail packs$179 million · 1.4%
    550 tonnes · Switzerland’s destinations
  10. Paintings and drawings$116 million · 0.88%
    1 tonne

How it travels

Hong Kong and Switzerland traded $19.2 billion in 2024 (both directions together). They trade mostly by air: 96% of the value travels by plane.

Split by transport mode

  1. Sea$725 million · 3.8%
  2. Air$18.4 billion · 96.2%

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

How much each matters to the other

Switzerland was Hong Kong’s 10th largest trading partner (2% of its trade), and Hong Kong was Switzerland’s 10th (2%).

Switzerland in Hong Kong’s trade
2.3%
Switzerland’s rank among Hong Kong’s partners
10th
Hong Kong in Switzerland’s trade
2.5%
Hong Kong’s rank among Switzerland’s partners
10th

Compare with

Other partners of Hong Kong

Other partners of Switzerland

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.