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Trade between Switzerland and the United Arab Emirates

In 2024, Switzerland exported $11.3 billion to the United Arab Emirates and imported $13.1 billion. Switzerland ran a deficit of $1.9 billion with the United Arab Emirates, compared with a deficit of $11.3 billion in 2019. The United Arab Emirates was Switzerland’s 8th largest trading partner (3% of its trade), and Switzerland was the United Arab Emirates’ 7th (4%).

Summary

Switzerland → United Arab Emirates
$11.3billion
United Arab Emirates → Switzerland
$13.1billion
Switzerland’s balance
-$1.9billion

Balance

Switzerland’s trade balance with the United Arab Emirates

Trade between Switzerland and the United Arab Emirates grew 64.4-fold since 1995

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

  • Exports 11.3
  • Imports 13.1
  • Balance -1.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$368 million$10 million$358 million
1996$417 million$18 million$398 million
1997$420 million$12 million$408 million
1998$432 million$10 million$422 million
1999$393 million$38 million$356 million
2000$398 million$65 million$333 million
2001$486 million$70 million$416 million
2002$694 million$241 million$452 million
2003$741 million$234 million$507 million
2004$905 million$365 million$541 million
2005$2.1 billion$497 million$1.6 billion
2006$1.4 billion$506 million$878 million
2007$3 billion$710 million$2.3 billion
2008$3.8 billion$1.6 billion$2.2 billion
2009$2 billion$491 million$1.5 billion
2010$2.2 billion$726 million$1.4 billion
2011$3.1 billion$560 million$2.6 billion
2012$5.4 billion$17.6 billion-$12.2 billion
2013$9 billion$3.4 billion$5.6 billion
2014$6 billion$3.6 billion$2.4 billion
2015$4.5 billion$3.8 billion$680 million
2016$3.8 billion$16.6 billion-$12.8 billion
2017$4.2 billion$10 billion-$5.8 billion
2018$5.3 billion$10.6 billion-$5.3 billion
2019$3.8 billion$15.1 billion-$11.3 billion
2020$3 billion$10.1 billion-$7.1 billion
2021$4.1 billion$8.8 billion-$4.6 billion
2022$5.7 billion$9.3 billion-$3.6 billion
2023$10.9 billion$10.5 billion$419 million
2024$11.3 billion$13.1 billion-$1.9 billion

What they sell each other

What Switzerland sells to the United Arab Emirates

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

  1. Gold$7 billion · 62.6%
    93 tonnes · Switzerland’s destinations
  2. Jewelry$1.1 billion · 9.5%
    2 tonnes · Switzerland’s destinations
  3. Other wristwatches$792 million · 7%
    13 tonnes
  4. Precious metal watches$628 million · 5.6%
    2 tonnes
  5. Vaccines, blood and antisera$179 million · 1.6%
    94 tonnes · Switzerland’s destinations
  6. 958 tonnes · Switzerland’s destinations
  7. Silver$130 million · 1.2%
    169 tonnes · Switzerland’s destinations
  8. Fragrance mixtures$110 million · 0.97%
    3 thousand tonnes
  9. Paintings and drawings$98 million · 0.87%
    2 tonnes
  10. Diamonds$95 million · 0.84%
    the United Arab Emirates’ sources

What the United Arab Emirates sells to Switzerland

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

  1. Gold$12.4 billion · 94.4%
    156 tonnes · the United Arab Emirates’ destinations
  2. Jewelry$455 million · 3.5%
    1 tonne · the United Arab Emirates’ destinations
  3. Precious metal watches$79 million · 0.6%
  4. Antiques$32 million · 0.25%
  5. Unwrought aluminum$31 million · 0.23%
    11 thousand tonnes · the United Arab Emirates’ destinations
  6. Other wristwatches$28 million · 0.22%
    2 tonnes
  7. Silver$15 million · 0.12%
    15 tonnes · the United Arab Emirates’ destinations
  8. Aircraft parts$13 million · 0.1%
    17 tonnes
  9. Diamonds$13 million · 0.1%
    the United Arab Emirates’ destinations
  10. Gold and silverware$5 million · 0.04%

How it travels

Switzerland and the United Arab Emirates traded $24.4 billion in 2024 (both directions together). They trade mostly by air: 97% of the value travels by plane.

Split by transport mode

  1. Sea$650 million · 2.7%
  2. Air$23.7 billion · 97.3%

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

How much each matters to the other

The United Arab Emirates was Switzerland’s 8th largest trading partner (3% of its trade), and Switzerland was the United Arab Emirates’ 7th (4%).

The United Arab Emirates in Switzerland’s trade
3.1%
The United Arab Emirates’ rank among Switzerland’s partners
8th
Switzerland in the United Arab Emirates’ trade
3.9%
Switzerland’s rank among the United Arab Emirates’ partners
7th

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.