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Trade between Italy and Switzerland

In 2024, Italy exported $31.2 billion to Switzerland and imported $16.8 billion. Italy ran a surplus of $14.4 billion with Switzerland, compared with a surplus of $10 billion in 2019. Switzerland was Italy’s 7th largest trading partner (4% of its trade), and Italy was Switzerland’s 4th (6%).

Summary

Italy → Switzerland
$31.2billion
Switzerland → Italy
$16.8billion
Italy’s balance
$14.4billion

Balance

Italy’s trade balance with Switzerland

Trade between Italy and Switzerland grew 2.9-fold since 1995

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

  • Exports 31.2
  • Imports 16.8
  • Balance +14.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$8.3 billion$8 billion$287 million
1996$8.7 billion$7.9 billion$792 million
1997$7.6 billion$7.3 billion$327 million
1998$8.1 billion$7.8 billion$333 million
1999$7.8 billion$7.5 billion$321 million
2000$7.8 billion$7.1 billion$624 million
2001$8.2 billion$8.7 billion-$530 million
2002$9 billion$9.3 billion-$355 million
2003$10.4 billion$10.4 billion$51 million
2004$12.6 billion$11.9 billion$659 million
2005$13.5 billion$11.7 billion$1.9 billion
2006$14.6 billion$13.2 billion$1.4 billion
2007$17.5 billion$15.4 billion$2.2 billion
2008$19.2 billion$16.7 billion$2.5 billion
2009$18.4 billion$14.6 billion$3.8 billion
2010$20.7 billion$13.6 billion$7.1 billion
2011$27.7 billion$15.8 billion$11.9 billion
2012$27.7 billion$14.3 billion$13.4 billion
2013$24.9 billion$14.3 billion$10.6 billion
2014$22 billion$13.9 billion$8 billion
2015$19.5 billion$13.3 billion$6.2 billion
2016$19.3 billion$12.8 billion$6.5 billion
2017$20.9 billion$13.8 billion$7.1 billion
2018$22.1 billion$13.2 billion$9 billion
2019$22.4 billion$12.4 billion$10 billion
2020$23.7 billion$11.3 billion$12.4 billion
2021$23.8 billion$13.6 billion$10.2 billion
2022$25.7 billion$19.7 billion$6.1 billion
2023$29.3 billion$19.6 billion$9.6 billion
2024$31.2 billion$16.8 billion$14.4 billion

What they sell each other

What Italy sells to Switzerland

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

  1. 10 thousand tonnes · Italy’s destinations
  2. Gold$2.5 billion · 8%
    37 tonnes · Italy’s destinations
  3. Jewelry$1.3 billion · 4.2%
    26 tonnes · Italy’s destinations
  4. Cargo and cruise ships$987 million · 3.2%
    88 thousand tonnes · Italy’s destinations
  5. Cars$609 million · 2%
    9 thousand tonnes · Italy’s destinations
  6. Wine$477 million · 1.5%
    70 thousand tonnes · Italy’s destinations
  7. Vaccines, blood and antisera$469 million · 1.5%
    279 tonnes · Italy’s destinations
  8. Platinum$438 million · 1.4%
    11 tonnes · Italy’s destinations
  9. Furniture$422 million · 1.4%
    53 thousand tonnes · Italy’s destinations
  10. Bags, suitcases and cases$310 million · 0.99%
    1 thousand tonnes

What Switzerland sells to Italy

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

  1. Gold$3.1 billion · 18.5%
    50 tonnes · Switzerland’s destinations
  2. 5 thousand tonnes · Switzerland’s destinations
  3. Electricity$2.2 billion · 13.4%
    Switzerland’s destinations
  4. Vaccines, blood and antisera$856 million · 5.1%
    151 tonnes · Switzerland’s destinations
  5. 1 thousand tonnes
  6. Other wristwatches$496 million · 3%
    37 tonnes
  7. Jewelry$427 million · 2.6%
    29 tonnes · Switzerland’s destinations
  8. Antibiotics$375 million · 2.2%
    124 tonnes
  9. Precious metal watches$371 million · 2.2%
    3 tonnes
  10. Precious metal scrap$366 million · 2.2%
    552 tonnes

How it travels

Italy and Switzerland traded $48 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Land$48 billion · 100%

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

How much each matters to the other

Switzerland was Italy’s 7th largest trading partner (4% of its trade), and Italy was Switzerland’s 4th (6%).

Switzerland in Italy’s trade
3.9%
Switzerland’s rank among Italy’s partners
7th
Italy in Switzerland’s trade
6.2%
Italy’s rank among Switzerland’s partners
4th

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.