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Trade between Saudi Arabia and Switzerland

In 2024, Saudi Arabia exported $1.2 billion to Switzerland and imported $7.3 billion. Saudi Arabia ran a deficit of $6.1 billion with Switzerland, compared with a deficit of $1.3 billion in 2019. Switzerland was Saudi Arabia’s 16th largest trading partner (2% of its trade), and Saudi Arabia was Switzerland’s 20th (1%).

Summary

Saudi Arabia → Switzerland
$1.2billion
Switzerland → Saudi Arabia
$7.3billion
Saudi Arabia’s balance
-$6.1billion

Balance

Saudi Arabia’s trade balance with Switzerland

Trade between Saudi Arabia and Switzerland grew 4.5-fold since 1995

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

  • Exports 1.2
  • Imports 7.3
  • Balance -6.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$237 million$1.7 billion-$1.4 billion
1996$216 million$1.6 billion-$1.3 billion
1997$326 million$742 million-$416 million
1998$335 million$1.5 billion-$1.2 billion
1999$86 million$1.1 billion-$1 billion
2000$131 million$1.1 billion-$977 million
2001$74 million$879 million-$804 million
2002$116 million$868 million-$752 million
2003$362 million$1.1 billion-$700 million
2004$273 million$1 billion-$756 million
2005$324 million$1.4 billion-$1.1 billion
2006$668 million$1.3 billion-$613 million
2007$367 million$1.6 billion-$1.2 billion
2008$416 million$2.4 billion-$2 billion
2009$290 million$1.7 billion-$1.4 billion
2010$200 million$2.6 billion-$2.4 billion
2011$399 million$3.5 billion-$3.1 billion
2012$376 million$3.8 billion-$3.4 billion
2013$280 million$5.3 billion-$5 billion
2014$204 million$5 billion-$4.8 billion
2015$145 million$4.8 billion-$4.7 billion
2016$452 million$2.7 billion-$2.3 billion
2017$586 million$1.8 billion-$1.2 billion
2018$894 million$2.1 billion-$1.2 billion
2019$543 million$1.9 billion-$1.3 billion
2020$693 million$1.6 billion-$947 million
2021$1 billion$2.4 billion-$1.4 billion
2022$1.1 billion$5 billion-$3.9 billion
2023$891 million$6.8 billion-$5.9 billion
2024$1.2 billion$7.3 billion-$6.1 billion

What they sell each other

What Saudi Arabia sells to Switzerland

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

  1. Gold$885 million · 75.3%
    14 tonnes · Saudi Arabia’s destinations
  2. Jewelry$102 million · 8.7%
    Switzerland’s sources
  3. Aluminum sheet$86 million · 7.4%
    26 thousand tonnes
  4. Unwrought aluminum$21 million · 1.8%
    9 thousand tonnes
  5. Precious metal watches$19 million · 1.6%
    1 tonne
  6. Amide compounds$5 million · 0.44%
    2 thousand tonnes
  7. 5 thousand tonnes
  8. Other wristwatches$3 million · 0.29%
  9. Polyethylene$3 million · 0.23%
    2 thousand tonnes · Saudi Arabia’s destinations

What Switzerland sells to Saudi Arabia

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

  1. Gold$4.9 billion · 66.8%
    64 tonnes · Switzerland’s destinations
  2. 1 thousand tonnes · Switzerland’s destinations
  3. Vaccines, blood and antisera$326 million · 4.5%
    45 tonnes · Switzerland’s destinations
  4. Precious metal watches$221 million · 3%
    13 tonnes
  5. 7 thousand tonnes
  6. Other wristwatches$157 million · 2.2%
    6 tonnes
  7. Jewelry$134 million · 1.8%
    1 tonne · Switzerland’s destinations
  8. Fragrance mixtures$125 million · 1.7%
    2 thousand tonnes
  9. Cigarettes and cigars$75 million · 1%
    2 thousand tonnes
  10. Malt extract and food mixes$68 million · 0.93%
    6 thousand tonnes

How it travels

Saudi Arabia and Switzerland traded $8.5 billion in 2024 (both directions together). They trade mostly by air: 92% of the value travels by plane.

Split by transport mode

  1. Sea$640 million · 7.5%
  2. Air$7.8 billion · 92.5%

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

How much each matters to the other

Switzerland was Saudi Arabia’s 16th largest trading partner (2% of its trade), and Saudi Arabia was Switzerland’s 20th (1%).

Switzerland in Saudi Arabia’s trade
1.6%
Switzerland’s rank among Saudi Arabia’s partners
16th
Saudi Arabia in Switzerland’s trade
1.1%
Saudi Arabia’s rank among Switzerland’s partners
20th

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.