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Trade between Switzerland and Vietnam

In 2024, Switzerland exported $610 million to Vietnam and imported $2.2 billion. Switzerland ran a deficit of $1.6 billion with Vietnam, compared with a deficit of $2.1 billion in 2019. Vietnam was Switzerland’s 43rd largest trading partner (0.4% of its trade), and Switzerland was Vietnam’s 30th (0.3%).

Summary

Switzerland → Vietnam
$610million
Vietnam → Switzerland
$2.2billion
Switzerland’s balance
-$1.6billion

Balance

Switzerland’s trade balance with Vietnam

Trade between Switzerland and Vietnam grew 49.6-fold since 1995

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

  • Exports 0.6
  • Imports 2.2
  • Balance -1.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$27 million$30 million-$3 million
1996$60 million$38 million$22 million
1997$71 million$49 million$22 million
1998$58 million$58 million$117 thousand
1999$53 million$71 million-$18 million
2000$109 million$99 million$10 million
2001$125 million$101 million$24 million
2002$152 million$103 million$49 million
2003$302 million$120 million$182 million
2004$701 million$150 million$551 million
2005$880 million$187 million$693 million
2006$1.4 billion$192 million$1.2 billion
2007$1.1 billion$233 million$830 million
2008$1.9 billion$537 million$1.4 billion
2009$699 million$3.2 billion-$2.5 billion
2010$1.1 billion$1.3 billion-$281 million
2011$1.8 billion$1.3 billion$490 million
2012$405 million$717 million-$311 million
2013$1.1 billion$1.3 billion-$190 million
2014$482 million$1 billion-$562 million
2015$577 million$1 billion-$459 million
2016$570 million$1.6 billion-$996 million
2017$631 million$1.5 billion-$831 million
2018$708 million$1.5 billion-$767 million
2019$741 million$2.9 billion-$2.1 billion
2020$576 million$2.8 billion-$2.3 billion
2021$605 million$2 billion-$1.4 billion
2022$583 million$1.9 billion-$1.4 billion
2023$612 million$1.9 billion-$1.3 billion
2024$610 million$2.2 billion-$1.6 billion

What they sell each other

What Switzerland sells to Vietnam

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

  1. Medicines in measured doses or retail packs$111 million · 18.2%
    646 tonnes · Switzerland’s destinations
  2. Microchips$96 million · 15.8%
    3 tonnes · Vietnam’s sources
  3. Vaccines, blood and antisera$94 million · 15.4%
    23 tonnes · Switzerland’s destinations
  4. Other electrical devices$27 million · 4.4%
    15 tonnes
  5. Orthopedic and hearing devices$23 million · 3.7%
    9 tonnes
  6. Other wristwatches$20 million · 3.3%
    1 tonne
  7. Malt extract and food mixes$14 million · 2.3%
    2 thousand tonnes
  8. Cargo and cruise ships$13 million · 2.2%
    12 tonnes
  9. Textile machine accessories$9 million · 1.5%
    97 tonnes
  10. Parts for switchgear$7 million · 1.2%
    38 tonnes

What Vietnam sells to Switzerland

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

  1. Cameras and broadcast equipment$323 million · 14.8%
    619 tonnes
  2. Leather footwear$213 million · 9.8%
    2 thousand tonnes
  3. Textile footwear$213 million · 9.7%
    2 thousand tonnes
  4. Computers$95 million · 4.4%
    218 tonnes · Vietnam’s destinations
  5. Rubber and plastic footwear$95 million · 4.3%
    1 thousand tonnes
  6. Women's coats and jackets$67 million · 3.1%
    435 tonnes
  7. Coffee$66 million · 3%
    18 thousand tonnes · Vietnam’s destinations
  8. Bags, suitcases and cases$64 million · 2.9%
    2 thousand tonnes
  9. Women's suits and dresses$57 million · 2.6%
    514 tonnes
  10. Computer and office machine parts$52 million · 2.4%
    2 thousand tonnes

How it travels

Switzerland and Vietnam traded $2.8 billion in 2024 (both directions together). They trade mostly by air: 81% of the value travels by plane.

Split by transport mode

  1. Sea$538 million · 19.3%
  2. Air$2.3 billion · 80.7%

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

How much each matters to the other

Vietnam was Switzerland’s 43rd largest trading partner (0.4% of its trade), and Switzerland was Vietnam’s 30th (0.3%).

Vietnam in Switzerland’s trade
0.4%
Vietnam’s rank among Switzerland’s partners
43rd
Switzerland in Vietnam’s trade
0.3%
Switzerland’s rank among Vietnam’s partners
30th

Compare with

Other partners of Switzerland

Other partners of Vietnam

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.