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Trade between Russia and Switzerland

In 2024, Russia exported $802 million to Switzerland and imported $2.5 billion. Russia ran a deficit of $1.7 billion with Switzerland, compared with a deficit of $939 million in 2019. Switzerland was Russia’s 28th largest trading partner (0.6% of its trade), and Russia was Switzerland’s 39th (0.4%).

Summary

Russia → Switzerland
$802million
Switzerland → Russia
$2.5billion
Russia’s balance
-$1.7billion

Balance

Russia’s trade balance with Switzerland

Trade between Russia and Switzerland grew 4.5-fold since 1995

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

  • Exports 0.8
  • Imports 2.5
  • Balance -1.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$431 million$310 million$121 million
1996$2.3 billion$460 million$1.9 billion
1997$2.5 billion$516 million$1.9 billion
1998$2.3 billion$453 million$1.8 billion
1999$2.6 billion$303 million$2.3 billion
2000$3.8 billion$327 million$3.5 billion
2001$4 billion$490 million$3.5 billion
2002$2.1 billion$533 million$1.6 billion
2003$1.9 billion$739 million$1.2 billion
2004$4.2 billion$865 million$3.4 billion
2005$6.9 billion$1.1 billion$5.7 billion
2006$4.2 billion$1.6 billion$2.6 billion
2007$3 billion$2.2 billion$865 million
2008$2.6 billion$2.8 billion-$209 million
2009$1.3 billion$2 billion-$702 million
2010$2.5 billion$2.6 billion-$47 million
2011$2.4 billion$3.2 billion-$775 million
2012$3.8 billion$3.1 billion$710 million
2013$5.3 billion$3.2 billion$2.1 billion
2014$3.8 billion$3.1 billion$746 million
2015$2.2 billion$2.3 billion-$154 million
2016$2.5 billion$2.1 billion$349 million
2017$2.4 billion$2.4 billion-$16 million
2018$2 billion$2.6 billion-$614 million
2019$2.1 billion$3 billion-$939 million
2020$1.9 billion$2.9 billion-$966 million
2021$3 billion$3.6 billion-$551 million
2022$4 billion$3.1 billion$834 million
2023$4 billion$2.9 billion$1.1 billion
2024$802 million$2.5 billion-$1.7 billion

What they sell each other

What Russia sells to Switzerland

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

  1. Gold$719 million · 89.6%
    10 tonnes · Russia’s destinations
  2. Paintings and drawings$38 million · 4.8%
  3. Platinum$9 million · 1.1%
    Russia’s destinations
  4. Silver$7 million · 0.93%
    9 tonnes
  5. Fish fillets$7 million · 0.85%
    572 tonnes
  6. Titanium$6 million · 0.71%
    250 tonnes
  7. Mixed fertilizers$4 million · 0.44%
    6 thousand tonnes
  8. Collectors' items$3 million · 0.4%
  9. Nitrogen fertilizers$2 million · 0.25%
    5 thousand tonnes
  10. Nucleic acids and other heterocycles$961 thousand · 0.12%
    3 tonnes

What Switzerland sells to Russia

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

  1. Medicines in measured doses or retail packs$973 million · 38.6%
    4 thousand tonnes · Switzerland’s destinations
  2. Vaccines, blood and antisera$786 million · 31.2%
    70 tonnes · Switzerland’s destinations
  3. Malt extract and food mixes$104 million · 4.1%
    21 thousand tonnes
  4. Nitrogen heterocyclic compounds$102 million · 4.1%
    214 tonnes
  5. Soft drinks$65 million · 2.6%
    41 thousand tonnes
  6. Medical and dental instruments$64 million · 2.5%
    521 tonnes · Switzerland’s destinations
  7. Fragrance mixtures$62 million · 2.5%
    3 thousand tonnes
  8. Amino acids and amino alcohols (lysine)$55 million · 2.2%
    16 tonnes
  9. Instant coffee and tea extracts$45 million · 1.8%
    1 thousand tonnes
  10. Orthopedic and hearing devices$41 million · 1.6%
    14 tonnes

How it travels

Russia and Switzerland traded $3.3 billion in 2024 (both directions together). They trade mostly by air: 89% of the value travels by plane.

Split by transport mode

  1. Sea$380 million · 11.5%
  2. Air$2.9 billion · 88.5%

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

How much each matters to the other

Switzerland was Russia’s 28th largest trading partner (0.6% of its trade), and Russia was Switzerland’s 39th (0.4%).

Switzerland in Russia’s trade
0.6%
Switzerland’s rank among Russia’s partners
28th
Russia in Switzerland’s trade
0.4%
Russia’s rank among Switzerland’s partners
39th

Compare with

Other partners of Russia

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.