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Trade between Ireland and Switzerland

In 2024, Ireland exported $3.9 billion to Switzerland and imported $2.7 billion. Ireland ran a surplus of $1.3 billion with Switzerland, compared with a surplus of $5.6 billion in 2019. Switzerland was Ireland’s 11th largest trading partner (2% of its trade), and Ireland was Switzerland’s 23rd (0.9%).

Summary

Ireland → Switzerland
$3.9billion
Switzerland → Ireland
$2.7billion
Ireland’s balance
$1.3billion

Balance

Ireland’s trade balance with Switzerland

Trade between Ireland and Switzerland grew 6.5-fold since 1995

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

  • Exports 3.9
  • Imports 2.7
  • Balance +1.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$767 million$248 million$519 million
1996$919 million$279 million$641 million
1997$1.3 billion$299 million$1 billion
1998$1.5 billion$362 million$1.1 billion
1999$1.6 billion$362 million$1.2 billion
2000$2 billion$361 million$1.6 billion
2001$3.5 billion$438 million$3 billion
2002$3.4 billion$557 million$2.8 billion
2003$3.6 billion$628 million$3 billion
2004$3.9 billion$698 million$3.2 billion
2005$4.7 billion$678 million$4 billion
2006$3.7 billion$731 million$3 billion
2007$5 billion$761 million$4.2 billion
2008$4.6 billion$776 million$3.8 billion
2009$3.9 billion$603 million$3.3 billion
2010$5.6 billion$957 million$4.7 billion
2011$6.8 billion$1 billion$5.7 billion
2012$7.3 billion$1.1 billion$6.2 billion
2013$7.6 billion$1.1 billion$6.6 billion
2014$7.9 billion$1.5 billion$6.3 billion
2015$7.3 billion$1.4 billion$6 billion
2016$7.7 billion$1.4 billion$6.3 billion
2017$7.7 billion$822 million$6.8 billion
2018$8.7 billion$1.1 billion$7.6 billion
2019$7.5 billion$2 billion$5.6 billion
2020$4.8 billion$3.5 billion$1.3 billion
2021$4.2 billion$4.4 billion-$160 million
2022$4.2 billion$4.9 billion-$772 million
2023$5.3 billion$6.2 billion-$896 million
2024$3.9 billion$2.7 billion$1.3 billion

What they sell each other

What Ireland sells to Switzerland

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

  1. Vaccines, blood and antisera$2.3 billion · 59%
    85 tonnes · Ireland’s destinations
  2. Medicines in measured doses or retail packs$410 million · 10.4%
    983 tonnes · Ireland’s destinations
  3. Nitrogen heterocyclic compounds$224 million · 5.7%
    95 tonnes
  4. Medical and dental instruments$140 million · 3.6%
    509 tonnes · Ireland’s destinations
  5. Airplanes and helicopters$82 million · 2.1%
    61 tonnes · Ireland’s destinations
  6. Orthopedic and hearing devices$82 million · 2.1%
    67 tonnes
  7. Industrial fatty acids and oils$58 million · 1.5%
    416 tonnes
  8. Fragrance mixtures$53 million · 1.3%
    582 tonnes
  9. Nucleic acids and other heterocycles$52 million · 1.3%
    13 tonnes
  10. Fresh beef$48 million · 1.2%
    3 thousand tonnes

What Switzerland sells to Ireland

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

  1. Nitrogen heterocyclic compounds$467 million · 17.5%
    108 tonnes
  2. Vaccines, blood and antisera$353 million · 13.3%
    43 tonnes · Switzerland’s destinations
  3. Nucleic acids and other heterocycles$290 million · 10.9%
    5 tonnes
  4. Orthopedic and hearing devices$258 million · 9.7%
    101 tonnes
  5. Medicines in measured doses or retail packs$227 million · 8.5%
    240 tonnes · Switzerland’s destinations
  6. Other wristwatches$190 million · 7.1%
    5 tonnes
  7. Medical and dental instruments$131 million · 4.9%
    1 thousand tonnes · Switzerland’s destinations
  8. Other industrial machines$103 million · 3.9%
    353 tonnes
  9. Precious metal watches$81 million · 3%
    1 tonne
  10. Soft drinks$40 million · 1.5%
    12 thousand tonnes

How it travels

Ireland and Switzerland traded $6.6 billion in 2024 (both directions together). They trade mostly by air: 94% of the value travels by plane.

Split by transport mode

  1. Sea$394 million · 6%
  2. Air$6.2 billion · 94%

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

How much each matters to the other

Switzerland was Ireland’s 11th largest trading partner (2% of its trade), and Ireland was Switzerland’s 23rd (0.9%).

Switzerland in Ireland’s trade
1.7%
Switzerland’s rank among Ireland’s partners
11th
Ireland in Switzerland’s trade
0.9%
Ireland’s rank among Switzerland’s partners
23rd

Compare with

Other partners of Ireland

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.