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Trade between Singapore and Switzerland

In 2024, Singapore exported $3.9 billion to Switzerland and imported $7.6 billion. Singapore ran a deficit of $3.8 billion with Switzerland, compared with a deficit of $3.6 billion in 2019. Switzerland was Singapore’s 17th largest trading partner (1% of its trade), and Singapore was Switzerland’s 17th (1%).

Summary

Singapore → Switzerland
$3.9billion
Switzerland → Singapore
$7.6billion
Singapore’s balance
-$3.8billion

Balance

Singapore’s trade balance with Switzerland

Trade between Singapore and Switzerland grew 7-fold since 1995

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

  • Exports 3.9
  • Imports 7.6
  • Balance -3.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$177 million$1.5 billion-$1.3 billion
1996$208 million$1.6 billion-$1.4 billion
1997$156 million$1.5 billion-$1.4 billion
1998$753 million$968 million-$215 million
1999$158 million$1.6 billion-$1.5 billion
2000$172 million$2.1 billion-$2 billion
2001$202 million$1.8 billion-$1.6 billion
2002$201 million$1.7 billion-$1.5 billion
2003$244 million$1.7 billion-$1.5 billion
2004$261 million$2 billion-$1.7 billion
2005$299 million$1.7 billion-$1.4 billion
2006$359 million$1.8 billion-$1.4 billion
2007$467 million$2.2 billion-$1.7 billion
2008$517 million$3.1 billion-$2.6 billion
2009$611 million$2.5 billion-$1.9 billion
2010$857 million$4.9 billion-$4 billion
2011$760 million$7 billion-$6.3 billion
2012$2.2 billion$6.9 billion-$4.7 billion
2013$1.5 billion$13.2 billion-$11.7 billion
2014$1.8 billion$9.5 billion-$7.7 billion
2015$1.7 billion$8.3 billion-$6.6 billion
2016$3.5 billion$7 billion-$3.5 billion
2017$2.5 billion$8.4 billion-$5.9 billion
2018$2.8 billion$9 billion-$6.2 billion
2019$2.7 billion$6.3 billion-$3.6 billion
2020$4.1 billion$6.1 billion-$2 billion
2021$5.2 billion$7.9 billion-$2.8 billion
2022$4.6 billion$10.7 billion-$6.1 billion
2023$3.9 billion$8 billion-$4.1 billion
2024$3.9 billion$7.6 billion-$3.8 billion

What they sell each other

What Singapore sells to Switzerland

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

  1. 63 tonnes · Singapore’s destinations
  2. Gold$1 billion · 26%
    13 tonnes · Singapore’s destinations
  3. Vaccines, blood and antisera$673 million · 17.4%
    77 tonnes · Singapore’s destinations
  4. Jewelry$247 million · 6.4%
    1 tonne · Singapore’s destinations
  5. Precious metal watches$64 million · 1.7%
  6. Steel tanks and containers$48 million · 1.3%
  7. Surveying instruments$46 million · 1.2%
    86 tonnes
  8. Medical and dental instruments$33 million · 0.86%
    54 tonnes · Singapore’s destinations
  9. Precious metal scrap$28 million · 0.72%
    1 tonne
  10. 64 tonnes

What Switzerland sells to Singapore

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

  1. Gold$3.6 billion · 46.9%
    67 tonnes · Switzerland’s destinations
  2. Precious metal watches$1.3 billion · 17.4%
    2 tonnes
  3. Other wristwatches$769 million · 10.1%
    48 tonnes
  4. Jewelry$313 million · 4.1%
    2 tonnes · Switzerland’s destinations
  5. Vaccines, blood and antisera$131 million · 1.7%
    23 tonnes · Switzerland’s destinations
  6. 192 tonnes · Switzerland’s destinations
  7. Precious metal compounds$108 million · 1.4%
    3 tonnes
  8. Valves and taps$66 million · 0.86%
    445 tonnes
  9. Orthopedic and hearing devices$64 million · 0.84%
    42 tonnes
  10. Other industrial machines$64 million · 0.83%
    239 tonnes

How it travels

Singapore and Switzerland traded $11.5 billion in 2024 (both directions together). They trade mostly by air: 96% of the value travels by plane.

Split by transport mode

  1. Sea$435 million · 3.8%
  2. Air$11.1 billion · 96.2%

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

How much each matters to the other

Switzerland was Singapore’s 17th largest trading partner (1% of its trade), and Singapore was Switzerland’s 17th (1%).

Switzerland in Singapore’s trade
1.5%
Switzerland’s rank among Singapore’s partners
17th
Singapore in Switzerland’s trade
1.5%
Singapore’s rank among Switzerland’s partners
17th

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.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.