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Trade between Switzerland and Turkey

In 2024, Switzerland exported $10.9 billion to Turkey and imported $2.4 billion. Switzerland ran a surplus of $8.5 billion with Turkey, compared with a surplus of $1.7 billion in 2019. Turkey was Switzerland’s 14th largest trading partner (2% of its trade), and Switzerland was Turkey’s 12th (2%).

Summary

Switzerland → Turkey
$10.9billion
Turkey → Switzerland
$2.4billion
Switzerland’s balance
$8.5billion

Balance

Switzerland’s trade balance with Turkey

Trade between Switzerland and Turkey grew 12.2-fold since 1995

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

  • Exports 10.9
  • Imports 2.4
  • Balance +8.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$832 million$250 million$583 million
1996$1.1 billion$280 million$868 million
1997$1.1 billion$317 million$827 million
1998$1.1 billion$255 million$824 million
1999$764 million$288 million$477 million
2000$914 million$261 million$653 million
2001$1.3 billion$288 million$967 million
2002$2.2 billion$369 million$1.8 billion
2003$2.9 billion$406 million$2.5 billion
2004$3.5 billion$484 million$3 billion
2005$4.2 billion$568 million$3.6 billion
2006$4.1 billion$945 million$3.2 billion
2007$5.4 billion$1 billion$4.4 billion
2008$5.7 billion$3 billion$2.7 billion
2009$2.1 billion$4.1 billion-$2 billion
2010$3.2 billion$2 billion$1.2 billion
2011$5.1 billion$1.4 billion$3.6 billion
2012$4.3 billion$2.4 billion$1.9 billion
2013$9.6 billion$1.5 billion$8.2 billion
2014$5 billion$3.6 billion$1.4 billion
2015$2.6 billion$6 billion-$3.5 billion
2016$2.5 billion$3 billion-$482 million
2017$6.8 billion$1.5 billion$5.3 billion
2018$2.9 billion$2.4 billion$544 million
2019$3.4 billion$1.7 billion$1.7 billion
2020$7.6 billion$1.9 billion$5.6 billion
2021$3 billion$2.2 billion$828 million
2022$14.9 billion$2.1 billion$12.8 billion
2023$19.3 billion$2.5 billion$16.8 billion
2024$10.9 billion$2.4 billion$8.5 billion

What they sell each other

What Switzerland sells to Turkey

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

  1. Gold$8.5 billion · 78%
    105 tonnes · Switzerland’s destinations
  2. Vaccines, blood and antisera$258 million · 2.4%
    218 tonnes · Switzerland’s destinations
  3. Other wristwatches$225 million · 2.1%
    95 tonnes
  4. Silver$220 million · 2%
    223 tonnes · Switzerland’s destinations
  5. 628 tonnes · Switzerland’s destinations
  6. Precious metal watches$110 million · 1%
    5 tonnes
  7. Fragrance mixtures$77 million · 0.71%
    4 thousand tonnes
  8. Soft drinks$52 million · 0.48%
    27 thousand tonnes
  9. 95 tonnes
  10. Jewelry$44 million · 0.4%
    1 tonne · Switzerland’s destinations

What Turkey sells to Switzerland

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

  1. Gold$348 million · 14.6%
    4 tonnes · Turkey’s destinations
  2. Men's suits and trousers$136 million · 5.7%
    1 thousand tonnes
  3. Cars$131 million · 5.5%
    8 thousand tonnes · Turkey’s destinations
  4. 1 thousand tonnes · Turkey’s destinations
  5. Trucks$106 million · 4.5%
    7 thousand tonnes · Turkey’s destinations
  6. Sweaters and pullovers$101 million · 4.2%
    1 thousand tonnes
  7. Women's suits and dresses$100 million · 4.2%
    1 thousand tonnes
  8. Aluminum sheet$66 million · 2.8%
    19 thousand tonnes
  9. 705 tonnes
  10. 8 thousand tonnes

How it travels

Switzerland and Turkey traded $13.3 billion in 2024 (both directions together). They trade mostly by air: 85% of the value travels by plane.

Split by transport mode

  1. Sea$2 billion · 15%
  2. Air$11.3 billion · 85%

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

How much each matters to the other

Turkey was Switzerland’s 14th largest trading partner (2% of its trade), and Switzerland was Turkey’s 12th (2%).

Turkey in Switzerland’s trade
1.7%
Turkey’s rank among Switzerland’s partners
14th
Switzerland in Turkey’s trade
2.3%
Switzerland’s rank among Turkey’s partners
12th

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.