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Trade between Switzerland and Taiwan

In 2024, Switzerland exported $2.9 billion to Taiwan and imported $1.4 billion. Switzerland ran a surplus of $1.6 billion with Taiwan, compared with a surplus of $603 million in 2019. Taiwan was Switzerland’s 34th largest trading partner (0.6% of its trade), and Switzerland was Taiwan’s 26th (0.5%).

Summary

Switzerland → Taiwan
$2.9billion
Taiwan → Switzerland
$1.4billion
Switzerland’s balance
$1.6billion

Balance

Switzerland’s trade balance with Taiwan

Trade between Switzerland and Taiwan grew 3.3-fold since 1995

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

  • Exports 2.9
  • Imports 1.4
  • Balance +1.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$795 million$499 million$297 million
1996$753 million$521 million$232 million
1997$1.1 billion$461 million$656 million
1998$1.1 billion$431 million$676 million
1999$1.1 billion$561 million$557 million
2000$1 billion$662 million$379 million
2001$854 million$487 million$367 million
2002$862 million$451 million$411 million
2003$1.1 billion$438 million$620 million
2004$1.4 billion$500 million$900 million
2005$1.3 billion$462 million$871 million
2006$1.3 billion$483 million$770 million
2007$1.5 billion$607 million$850 million
2008$1.6 billion$649 million$958 million
2009$1.2 billion$485 million$683 million
2010$1.6 billion$670 million$915 million
2011$2.5 billion$790 million$1.7 billion
2012$1.9 billion$1 billion$843 million
2013$1.9 billion$1 billion$871 million
2014$1.8 billion$971 million$845 million
2015$1.7 billion$1 billion$729 million
2016$1.6 billion$1.1 billion$574 million
2017$1.6 billion$1.2 billion$448 million
2018$1.9 billion$1.3 billion$658 million
2019$1.9 billion$1.3 billion$603 million
2020$2.3 billion$1.3 billion$1 billion
2021$2.3 billion$1.7 billion$600 million
2022$2.5 billion$1.8 billion$639 million
2023$2.1 billion$1.5 billion$582 million
2024$2.9 billion$1.4 billion$1.6 billion

What they sell each other

What Switzerland sells to Taiwan

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

  1. Gold$833 million · 28.5%
    11 tonnes · Switzerland’s destinations
  2. Vaccines, blood and antisera$260 million · 8.9%
    98 tonnes · Switzerland’s destinations
  3. Other wristwatches$259 million · 8.8%
    12 tonnes
  4. Precious metal watches$257 million · 8.8%
    1 tonne
  5. Medicines in measured doses or retail packs$217 million · 7.4%
    583 tonnes · Switzerland’s destinations
  6. Precious metal compounds$173 million · 5.9%
    18 tonnes
  7. Jewelry$70 million · 2.4%
    Switzerland’s destinations
  8. Valves and taps$64 million · 2.2%
    304 tonnes
  9. Other industrial machines$51 million · 1.8%
    193 tonnes
  10. Orthopedic and hearing devices$50 million · 1.7%
    18 tonnes

What Taiwan sells to Switzerland

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

  1. Microchips$193 million · 14.2%
    47 tonnes · Taiwan’s destinations
  2. Cameras and broadcast equipment$172 million · 12.7%
    355 tonnes
  3. Computers$109 million · 8.1%
    279 tonnes · Taiwan’s destinations
  4. Transformers and power supplies$58 million · 4.3%
    297 tonnes
  5. Medical and dental instruments$56 million · 4.1%
    488 tonnes · Taiwan’s destinations
  6. Motorcycles$54 million · 4%
    523 tonnes
  7. Motorcycle and bicycle parts$43 million · 3.2%
    552 tonnes
  8. Screws, bolts and nuts$42 million · 3.1%
    7 thousand tonnes
  9. Computer and office machine parts$41 million · 3%
    183 tonnes
  10. Bicycles$41 million · 3%
    418 tonnes

How it travels

Switzerland and Taiwan traded $4.3 billion in 2024 (both directions together). They trade mostly by air: 89% of the value travels by plane.

Split by transport mode

  1. Sea$477 million · 11.1%
  2. Air$3.8 billion · 88.9%

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

How much each matters to the other

Taiwan was Switzerland’s 34th largest trading partner (0.6% of its trade), and Switzerland was Taiwan’s 26th (0.5%).

Taiwan in Switzerland’s trade
0.6%
Taiwan’s rank among Switzerland’s partners
34th
Switzerland in Taiwan’s trade
0.5%
Switzerland’s rank among Taiwan’s partners
26th

Compare with

Other partners of Switzerland

Other partners of Taiwan

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.