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Trade between Japan and Switzerland

In 2024, Japan exported $8 billion to Switzerland and imported $8.5 billion. Japan ran a deficit of $463 million with Switzerland, compared with a deficit of $3.4 billion in 2019. Switzerland was Japan’s 21st largest trading partner (1% of its trade), and Japan was Switzerland’s 12th (2%).

Summary

Japan → Switzerland
$8billion
Switzerland → Japan
$8.5billion
Japan’s balance
-$463million

Balance

Japan’s trade balance with Switzerland

Trade between Japan and Switzerland grew 2.5-fold since 1995

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

  • Exports 8
  • Imports 8.5
  • Balance -0.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$2.5 billion$4 billion-$1.6 billion
1996$2.2 billion$3.5 billion-$1.3 billion
1997$2.1 billion$3.4 billion-$1.2 billion
1998$2.2 billion$3 billion-$796 million
1999$2.3 billion$3.4 billion-$1 billion
2000$2.3 billion$3.3 billion-$1 billion
2001$2 billion$3.2 billion-$1.2 billion
2002$1.8 billion$3.4 billion-$1.6 billion
2003$2 billion$3.9 billion-$1.8 billion
2004$2.4 billion$4.8 billion-$2.4 billion
2005$2.4 billion$5 billion-$2.6 billion
2006$2.5 billion$5.2 billion-$2.7 billion
2007$3 billion$5.3 billion-$2.3 billion
2008$3.5 billion$6.3 billion-$2.8 billion
2009$3.7 billion$6.1 billion-$2.4 billion
2010$4.1 billion$6.4 billion-$2.3 billion
2011$5.1 billion$7.1 billion-$2.1 billion
2012$5.6 billion$7.6 billion-$2 billion
2013$4 billion$6.7 billion-$2.7 billion
2014$3.9 billion$6.8 billion-$2.8 billion
2015$3.4 billion$6.8 billion-$3.4 billion
2016$3.9 billion$7.3 billion-$3.5 billion
2017$5.4 billion$7.5 billion-$2.2 billion
2018$4.4 billion$7.6 billion-$3.2 billion
2019$4.4 billion$7.8 billion-$3.4 billion
2020$5.2 billion$7.3 billion-$2 billion
2021$5.3 billion$8.2 billion-$2.9 billion
2022$5.2 billion$8.3 billion-$3.1 billion
2023$7.6 billion$7.9 billion-$332 million
2024$8 billion$8.5 billion-$463 million

What they sell each other

What Japan sells to Switzerland

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

  1. Vaccines, blood and antisera$2.1 billion · 26.4%
    47 tonnes · Japan’s destinations
  2. Gold$2.1 billion · 25.8%
    27 tonnes · Japan’s destinations
  3. Precious metal scrap$653 million · 8.2%
    8 tonnes
  4. Cars$528 million · 6.6%
    25 thousand tonnes · Japan’s destinations
  5. Medicines in measured doses or retail packs$457 million · 5.7%
    61 tonnes · Japan’s destinations
  6. Jewelry$139 million · 1.7%
    Switzerland’s sources
  7. Printers and printing machines$105 million · 1.3%
    860 tonnes
  8. Nitrogen heterocyclic compounds$100 million · 1.3%
    9 thousand tonnes
  9. Motorcycles$64 million · 0.79%
    2 thousand tonnes · Japan’s destinations
  10. Platinum$63 million · 0.79%
    2 tonnes · Japan’s destinations

What Switzerland sells to Japan

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

  1. Other wristwatches$1.8 billion · 21.6%
    109 tonnes
  2. Vaccines, blood and antisera$1.6 billion · 18.8%
    191 tonnes · Switzerland’s destinations
  3. Medicines in measured doses or retail packs$1.5 billion · 18.3%
    689 tonnes · Switzerland’s destinations
  4. Precious metal watches$827 million · 9.8%
    13 tonnes
  5. Jewelry$476 million · 5.6%
    4 tonnes · Switzerland’s destinations
  6. Orthopedic and hearing devices$222 million · 2.6%
    91 tonnes
  7. Medical and dental instruments$110 million · 1.3%
    266 tonnes · Switzerland’s destinations
  8. Soft drinks$92 million · 1.1%
    76 thousand tonnes
  9. Other industrial machines$75 million · 0.89%
    352 tonnes
  10. Other measuring instruments$69 million · 0.81%
    76 tonnes

How it travels

Japan and Switzerland traded $16.5 billion in 2024 (both directions together). They trade mostly by air: 90% of the value travels by plane.

Split by transport mode

  1. Sea$1.6 billion · 9.8%
  2. Air$14.9 billion · 90.2%

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

How much each matters to the other

Switzerland was Japan’s 21st largest trading partner (1% of its trade), and Japan was Switzerland’s 12th (2%).

Switzerland in Japan’s trade
1.1%
Switzerland’s rank among Japan’s partners
21st
Japan in Switzerland’s trade
2.1%
Japan’s rank among Switzerland’s partners
12th

Compare with

Other partners of Japan

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.