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Trade between Switzerland and the United Kingdom

In 2024, Switzerland exported $12.1 billion to the United Kingdom and imported $8.5 billion. Switzerland ran a surplus of $3.6 billion with the United Kingdom, compared with a deficit of $6.4 billion in 2019. The United Kingdom was Switzerland’s 9th largest trading partner (3% of its trade), and Switzerland was the United Kingdom’s 14th (2%).

Summary

Switzerland → United Kingdom
$12.1billion
United Kingdom → Switzerland
$8.5billion
Switzerland’s balance
$3.6billion

Balance

Switzerland’s trade balance with the United Kingdom

Trade between Switzerland and the United Kingdom grew 2.1-fold since 1995

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

  • Exports 12.1
  • Imports 8.5
  • Balance +3.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$5.4 billion$4.5 billion$897 million
1996$7.8 billion$5.7 billion$2.1 billion
1997$7.3 billion$5.1 billion$2.3 billion
1998$7.6 billion$5.1 billion$2.5 billion
1999$8.1 billion$4.5 billion$3.6 billion
2000$7.7 billion$5.3 billion$2.3 billion
2001$4.2 billion$5.6 billion-$1.4 billion
2002$4.9 billion$4.7 billion$245 million
2003$4.7 billion$4.1 billion$572 million
2004$5.6 billion$5.3 billion$229 million
2005$5.9 billion$6.7 billion-$835 million
2006$6.7 billion$5.8 billion$909 million
2007$7.9 billion$8 billion-$116 million
2008$12.8 billion$8.2 billion$4.6 billion
2009$7 billion$6.1 billion$913 million
2010$8.2 billion$7.2 billion$1.1 billion
2011$12.4 billion$7.5 billion$4.9 billion
2012$13.7 billion$14.1 billion-$440 million
2013$11 billion$9.3 billion$1.7 billion
2014$11.2 billion$33.5 billion-$22.3 billion
2015$10.7 billion$7.5 billion$3.2 billion
2016$12.4 billion$19.3 billion-$6.9 billion
2017$12.7 billion$19.1 billion-$6.4 billion
2018$8.2 billion$26.6 billion-$18.4 billion
2019$10.1 billion$16.5 billion-$6.4 billion
2020$12.9 billion$16.9 billion-$4 billion
2021$11.6 billion$36.4 billion-$24.9 billion
2022$14 billion$8.2 billion$5.8 billion
2023$13.7 billion$7.2 billion$6.5 billion
2024$12.1 billion$8.5 billion$3.6 billion

What they sell each other

What Switzerland sells to the United Kingdom

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

  1. Gold$2.6 billion · 21.1%
    143 tonnes · Switzerland’s destinations
  2. Vaccines, blood and antisera$1.6 billion · 12.8%
    241 tonnes · Switzerland’s destinations
  3. Other wristwatches$1.1 billion · 9.2%
    106 tonnes
  4. Precious metal watches$718 million · 5.9%
    40 tonnes
  5. 2 thousand tonnes · Switzerland’s destinations
  6. Silver$426 million · 3.5%
    466 tonnes · Switzerland’s destinations
  7. Platinum$289 million · 2.4%
    7 tonnes · Switzerland’s destinations
  8. Jewelry$288 million · 2.4%
    3 tonnes · Switzerland’s destinations
  9. Orthopedic and hearing devices$215 million · 1.8%
    82 tonnes
  10. Coffee$209 million · 1.7%
    6 thousand tonnes · Switzerland’s destinations

What the United Kingdom sells to Switzerland

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

  1. Gold$4 billion · 46.7%
    54 tonnes · the United Kingdom’s destinations
  2. Cars$594 million · 7%
    13 thousand tonnes · the United Kingdom’s destinations
  3. Jewelry$518 million · 6.1%
    2 tonnes · the United Kingdom’s destinations
  4. 1 thousand tonnes · the United Kingdom’s destinations
  5. Turbojets and gas turbines$135 million · 1.6%
    246 tonnes · the United Kingdom’s destinations
  6. Paintings and drawings$130 million · 1.5%
    22 tonnes
  7. Precious metal watches$106 million · 1.2%
  8. Vaccines, blood and antisera$97 million · 1.1%
    34 tonnes · the United Kingdom’s destinations
  9. Sculptures$67 million · 0.79%
    23 tonnes
  10. Phenols$65 million · 0.76%
    7 thousand tonnes

How it travels

Switzerland and the United Kingdom traded $20.6 billion in 2024 (both directions together). They trade mostly by air: 84% of the value travels by plane.

Split by transport mode

  1. Sea$3.3 billion · 15.9%
  2. Air$17.4 billion · 84.1%

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

How much each matters to the other

The United Kingdom was Switzerland’s 9th largest trading partner (3% of its trade), and Switzerland was the United Kingdom’s 14th (2%).

The United Kingdom in Switzerland’s trade
2.7%
The United Kingdom’s rank among Switzerland’s partners
9th
Switzerland in the United Kingdom’s trade
1.8%
Switzerland’s rank among the United Kingdom’s partners
14th

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.