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Trade between Mexico and Switzerland

In 2024, Mexico exported $2.9 billion to Switzerland and imported $2.3 billion. Mexico ran a surplus of $578 million with Switzerland, compared with a deficit of $642 million in 2019. Switzerland was Mexico’s 18th largest trading partner (0.4% of its trade), and Mexico was Switzerland’s 29th (0.7%).

Summary

Mexico → Switzerland
$2.9billion
Switzerland → Mexico
$2.3billion
Mexico’s balance
$578million

Balance

Mexico’s trade balance with Switzerland

Trade between Mexico and Switzerland grew 5.6-fold since 1995

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

  • Exports 2.9
  • Imports 2.3
  • Balance +0.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$529 million$405 million$125 million
1996$147 million$463 million-$316 million
1997$114 million$542 million-$428 million
1998$148 million$575 million-$427 million
1999$443 million$703 million-$260 million
2000$165 million$712 million-$547 million
2001$131 million$741 million-$609 million
2002$222 million$709 million-$487 million
2003$204 million$797 million-$592 million
2004$541 million$929 million-$388 million
2005$173 million$985 million-$812 million
2006$133 million$1.1 billion-$989 million
2007$278 million$1.2 billion-$968 million
2008$734 million$1.4 billion-$619 million
2009$688 million$1.1 billion-$458 million
2010$1.2 billion$1.3 billion-$150 million
2011$1.7 billion$1.5 billion$113 million
2012$1.6 billion$1.5 billion$72 million
2013$2.1 billion$1.7 billion$443 million
2014$1.9 billion$1.9 billion$15 million
2015$1.8 billion$1.6 billion$201 million
2016$1 billion$1.5 billion-$484 million
2017$1.5 billion$1.5 billion-$73 million
2018$1.3 billion$1.7 billion-$313 million
2019$974 million$1.6 billion-$642 million
2020$1.2 billion$1.4 billion-$222 million
2021$1.7 billion$1.4 billion$270 million
2022$2.3 billion$1.6 billion$709 million
2023$3.2 billion$2.3 billion$929 million
2024$2.9 billion$2.3 billion$578 million

What they sell each other

What Mexico sells to Switzerland

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

  1. Gold$2 billion · 70.3%
    52 tonnes · Mexico’s destinations
  2. Cars$205 million · 7.1%
    7 thousand tonnes · Mexico’s destinations
  3. Medical and dental instruments$118 million · 4.1%
    266 tonnes · Mexico’s destinations
  4. Orthopedic and hearing devices$84 million · 2.9%
    71 tonnes
  5. Computers$50 million · 1.8%
    68 tonnes · Mexico’s destinations
  6. Cameras and broadcast equipment$40 million · 1.4%
    59 tonnes
  7. Computer and office machine parts$34 million · 1.2%
    52 tonnes
  8. Coffee$33 million · 1.1%
    5 thousand tonnes
  9. Acetic acid and other saturated acids$29 million · 1%
    18 thousand tonnes
  10. Aldehydes (formaldehyde)$14 million · 0.5%
    552 tonnes

What Switzerland sells to Mexico

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

  1. Medicines in measured doses or retail packs$383 million · 16.6%
    471 tonnes · Switzerland’s destinations
  2. Vaccines, blood and antisera$376 million · 16.3%
    161 tonnes · Switzerland’s destinations
  3. Other wristwatches$260 million · 11.3%
    17 tonnes
  4. Precious metal watches$82 million · 3.6%
  5. Other industrial machines$68 million · 3%
    1 thousand tonnes
  6. Low-voltage switches and connectors$65 million · 2.8%
    628 tonnes
  7. Auto parts$57 million · 2.5%
    5 thousand tonnes · Mexico’s sources
  8. Fragrance mixtures$34 million · 1.5%
    2 thousand tonnes
  9. Parts for switchgear$32 million · 1.4%
    32 tonnes
  10. Airplanes and helicopters$32 million · 1.4%
    24 tonnes · Switzerland’s destinations

How it travels

Mexico and Switzerland traded $5.2 billion in 2024 (both directions together). They trade mostly by air: 84% of the value travels by plane.

Split by transport mode

  1. Sea$825 million · 15.9%
  2. Air$4.4 billion · 84.1%

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

How much each matters to the other

Switzerland was Mexico’s 18th largest trading partner (0.4% of its trade), and Mexico was Switzerland’s 29th (0.7%).

Switzerland in Mexico’s trade
0.4%
Switzerland’s rank among Mexico’s partners
18th
Mexico in Switzerland’s trade
0.7%
Mexico’s rank among Switzerland’s partners
29th

Compare with

Other partners of Mexico

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.