2023
Flag  
GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
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GDP GROWTH
25.3%CURRENT US$
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2023
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 GDP
$27.7TCURRENT US$
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2013-2023
Flag
GDP GROWTH
64.2%CURRENT US$
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2023
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GDP PC 
$99,565CURRENT US$
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2013-2023
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GDP PC GROWTH
14%CURRENT US$
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2023
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GDP PC
$82,769CURRENT US$
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2013-2023
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GDP PC GROWTH
55%CURRENT US$
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About

Switzerland-United States Trade: In 2023, Switzerland exported $45.1B to United States. The main products that Switzerland exported to United States were Packaged Medicaments ($10.5B), Vaccines, blood, antisera, toxins and cultures ($7.17B), and Base Metal Watches ($3.69B). Over the past 5 years the exports of Switzerland to United States have increased at an annualized rate of 4.7%, from $35.8B in 2018 to $45.1B in 2023.

In 2019, Switzerland exported services to United States worth $14.4B, with Royalties and license fees ($7.43B), Insurance services ($1.94B), and Computer and information services ($1.49B) being the largest in terms of value.

United States-Switzerland Trade: In 2023, United States exported $32.6B to Switzerland. The main products that United States exported to Switzerland were Gold ($15.3B), Vaccines, blood, antisera, toxins and cultures ($3.96B), and Jewellery ($979M). Over the past 5 years the exports of United States to Switzerland have increased at an annualized rate of 9.09%,  from $21.1B in 2018 to $32.6B in 2023.

In 2017, United States exported services to Switzerland worth $40.8B, with Other business services ($17.5B), Royalties and license fees ($13.7B), and Financial services ($3.04B) being the largest in terms of value.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $45.1B to United States. The main products exported from Switzerland to United States were Packaged Medicaments ($10.5B), Vaccines, blood, antisera, toxins and cultures ($7.17B), and Base Metal Watches ($3.69B). During the last 5 years the exports of Switzerland to United States have increased at an annualized rate of 4.7%, from $35.8B in 2018 to $45.1B in 2023.

In 2018, United States exported $32.6B to Switzerland. The main products exported from United States to Switzerland were Gold ($15.3B), Vaccines, blood, antisera, toxins and cultures ($3.96B), and Jewellery ($979M). During the last 5 years the exports of United States to Switzerland have increased at an annualized rate of 9.09%, from $21.1B in 2023 to $32.6B in 2018.

Exports from Switzerland (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Switzerland (Flag) (2023)

Latest Data

Trade between Switzerland (Flag) and United States (Flag)

Switzerland Exports

United States Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
United States
Top Destination
Canada$269B

This map shows whether countries import more from Switzerland or United States. Each country is colored based on the difference in imports they receive from Switzerland and United States or the difference in the growth in imports.

In 2023, countries that imported more from Switzerland than United States included Slovenia ($10.6B), Austria ($11.3B), and Turkey ($19.3B).

In 2023, countries that imported more from United States than Switzerland included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Switzerland (Flag) (2023)

Comparative Advantage Switzerland - United States

Flow
Scale

This chart compares trade between Switzerland and United States by product, considering products traded by both, Switzerland and United States.

During 2023, Switzerland had a large net trade with United States in the exports of Chemical Products ($22.2B), Instruments ($9.88B), and Machines ($5B).

During 2018, United States had a large net trade with Switzerland in the exports of Precious Metals ($17.2B), Chemical Products ($6.34B), and Instruments ($2.34B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland United States+$636MVaccines, blood, antisera, toxins and cultures
Top Product Potential United States Switzerland+$281MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Switzerland and United States. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and United States (Flag) (2023)

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