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Switzerland Trade Summary

2023

Switzerland exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR SWITZERLAND 2023

Overall Exports and Imports for Switzerland 2023

Exports and imports of Switzerland in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 419,923 million.
  • The total value of imports (CIF) was 365,372 million.
  • At the HS6 digit level, 4,286 products were exported to 225 countries and 4,499 products were imported from 199 countries.

Switzerland top 5 Export and Import partners 2023

Top five countries to which Switzerland exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Switzerland exports to United States worth US$ 62,853 million, with a partner share of 14.97 percent.
  2. Switzerland exports to Germany worth US$ 51,148 million, with a partner share of 12.18 percent.
  3. Switzerland exports to China worth US$ 45,163 million, with a partner share of 10.76 percent.
  4. Switzerland exports to Italy worth US$ 27,018 million, with a partner share of 6.43 percent.
  5. Switzerland exports to France worth US$ 20,107 million, with a partner share of 4.79 percent.

Top five countries from which Switzerland imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Switzerland imports from Germany worth US$ 66,308 million, with a partner share of 18.15 percent.
  2. Switzerland imports from United States worth US$ 33,040 million, with a partner share of 9.04 percent.
  3. Switzerland imports from Italy worth US$ 28,414 million, with a partner share of 7.78 percent.
  4. Switzerland imports from France worth US$ 21,708 million, with a partner share of 5.94 percent.
  5. Switzerland imports from China worth US$ 20,479 million, with a partner share of 5.60 percent.

Switzerland Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Switzerland along with trade value are:

  1. Switzerland exported Gold in unwrought forms non-monetary , worth 97,845,510.64 (US$ Thousands).
  2. Switzerland exported Human and animal blood; microbial cultures; tox , worth 51,964,731.28 (US$ Thousands).
  3. Switzerland exported Other medicaments of mixed or unmixed products, , worth 40,612,496.60 (US$ Thousands).
  4. Switzerland exported Heterocyclic compounds with nitrogen hetero-ato , worth 14,719,087.47 (US$ Thousands).
  5. Switzerland exported Wrist-watches with automatic winding nes , worth 14,390,705.90 (US$ Thousands).

The top five imported HS 6 digit level products from world by Switzerland along with trade value are

  1. Switzerland imported Gold in unwrought forms non-monetary , worth 101,515,330.18 (US$ Thousands).
  2. Switzerland imported Other medicaments of mixed or unmixed products, , worth 35,394,086.25 (US$ Thousands).
  3. Switzerland imported Human and animal blood; microbial cultures; tox , worth 17,063,480.21 (US$ Thousands).
  4. Switzerland imported Art. of jewellery and pts thereof of/o prec mtl , worth 9,291,511.41 (US$ Thousands).
  5. Switzerland imported Automobiles nes including gas turbine powered , worth 7,030,014.91 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Switzerland in 2023 are below

  • The maximum rate of tariff in percentage on any product was 2,211.34 percent.
  • The simple average tariff across all products was 3.40 percent.
  • The trade weighted average tariff was 1.19 .
  • The total duty free imports in thousands of US dollars were 297,328,838.55 and duty free tariff line items share was 72.69 percent.

Development Indicators 2023

Key Development Indicators of Switzerland in 2023 are below

  • Switzerland GDP in current US dollar was 894,425 million.
  • GNI per capita, Atlas method (current US$) was 95,750.00 .
  • Switzerland Trade balance: as % of GDP was 11.35.
  • Trade balance in current US$ was 101,484.00 million.
  • Trade as percentage of GDP was 135.32 .
  • Trade in services as percentage of GDP was 39.99 .

Trade Indicators 2023

Trade Indicators for Switzerland in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 20.62.
  • World Growth in percentage was -3.13 and Switzerland Country Growth was 0.78 .