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Trade between the Philippines and Switzerland

In 2024, the Philippines exported $1.6 billion to Switzerland and imported $356 million. The Philippines ran a surplus of $1.2 billion with Switzerland, compared with a surplus of $560 million in 2019. Switzerland was the Philippines’ 21st largest trading partner (0.8% of its trade), and the Philippines was Switzerland’s 51st (0.3%).

Summary

Philippines → Switzerland
$1.6billion
Switzerland → Philippines
$356million
The Philippines’ balance
$1.2billion

Balance

The Philippines’ trade balance with Switzerland

Trade between the Philippines and Switzerland grew 7.2-fold since 1995

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

  • Exports 1.6
  • Imports 0.4
  • Balance +1.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$50 million$218 million-$168 million
1996$47 million$241 million-$195 million
1997$64 million$231 million-$167 million
1998$65 million$211 million-$146 million
1999$64 million$230 million-$166 million
2000$80 million$240 million-$160 million
2001$83 million$154 million-$71 million
2002$80 million$200 million-$120 million
2003$69 million$251 million-$182 million
2004$77 million$404 million-$327 million
2005$69 million$287 million-$217 million
2006$69 million$261 million-$192 million
2007$97 million$276 million-$179 million
2008$102 million$324 million-$222 million
2009$96 million$261 million-$165 million
2010$165 million$314 million-$149 million
2011$340 million$314 million$26 million
2012$822 million$343 million$479 million
2013$711 million$415 million$297 million
2014$586 million$398 million$188 million
2015$520 million$347 million$173 million
2016$851 million$438 million$412 million
2017$634 million$422 million$212 million
2018$747 million$407 million$340 million
2019$930 million$370 million$560 million
2020$701 million$347 million$354 million
2021$978 million$356 million$622 million
2022$4.2 billion$360 million$3.9 billion
2023$2.3 billion$390 million$1.9 billion
2024$1.6 billion$356 million$1.2 billion

What they sell each other

What the Philippines sells to Switzerland

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

  1. Gold$1.4 billion · 86.6%
    32 tonnes · the Philippines’ destinations
  2. 461 tonnes
  3. 309 tonnes
  4. 215 tonnes
  5. Microchips$11 million · 0.69%
    34 tonnes · the Philippines’ destinations
  6. Home appliances$11 million · 0.68%
    174 tonnes
  7. Control panels$9 million · 0.57%
    56 tonnes
  8. Fish fillets$7 million · 0.46%
    313 tonnes
  9. 9 tonnes
  10. Printing and writing inks$6 million · 0.35%
    25 tonnes

What Switzerland sells to the Philippines

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

  1. Other wristwatches$45 million · 12.6%
    9 tonnes
  2. 129 tonnes
  3. 435 tonnes · Switzerland’s destinations
  4. Vaccines, blood and antisera$27 million · 7.5%
    53 tonnes · Switzerland’s destinations
  5. Electrical test instruments$18 million · 5.1%
    6 tonnes
  6. Airplanes and helicopters$14 million · 3.9%
    5 tonnes · Switzerland’s destinations
  7. Fuel and lubricant additives$12 million · 3.3%
    202 tonnes
  8. Microchips$9 million · 2.6%
    3 tonnes · the Philippines’ sources
  9. Chocolate$7 million · 1.9%
    1 thousand tonnes
  10. Precious metal watches$7 million · 1.9%
    3 tonnes

How it travels

The Philippines and Switzerland traded $1.9 billion in 2024 (both directions together). They trade mostly by air: 94% of the value travels by plane.

Split by transport mode

  1. Sea$109 million · 5.6%
  2. Air$1.8 billion · 94.4%

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

How much each matters to the other

Switzerland was the Philippines’ 21st largest trading partner (0.8% of its trade), and the Philippines was Switzerland’s 51st (0.3%).

Switzerland in the Philippines’ trade
0.8%
Switzerland’s rank among the Philippines’ partners
21st
The Philippines in Switzerland’s trade
0.3%
The Philippines’ rank among Switzerland’s partners
51st

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.