United States (USA) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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United States (USA) and Switzerland (CHE) Trade

2021

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Exports $22.2BRnk 17 / 217

2021

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About

United States-Switzerland In 2021, United States exported $22.2B to Switzerland. The main products that United States exported to Switzerland are Gold ($9.35B), Vaccines, blood, antisera, toxins and cultures ($1.34B), and Platinum ($914M). During the last 26 years the exports of United States to Switzerland have increased at an annualized rate of 4.74%, from $6.67B in 1995 to $22.2B in 2021.

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.

Switzerland-United States In 2021, Switzerland exported $51.1B to United States. The main products that Switzerland exported to United States were Packaged Medicaments ($16.3B), Gold ($8.13B), and Vaccines, blood, antisera, toxins and cultures ($4.75B). During the last 26 years the exports of Switzerland to United States have increased at an annualized rate of 7.76%, from $7.31B in 1995 to $51.1B in 2021.

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.

Comparison In 2021, United States ranked 10 in the Economic Complexity Index (ECI 1.46), and 2 in total exports ($1.63T). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.94), and 17 in total exports ($371B).

Latest Trends

September, 2023

About

Overview In September 2023, United States exported $1.98B and imported $4B from Switzerland, resulting in a negative trade balance of $2.02B. Between September 2022 and September 2023 the exports of United States have decreased by $-1.12B (-36.2%) from $3.1B to $1.98B, while imports decreased by $-679M (-14.5%) from $4.68B to $4B.

Trade In September 2023, the top exports of United States to Switzerland were Gold ($567M), Paintings ($277M), Vaccines, blood, antisera, toxins and cultures ($131M), Aircraft Parts ($107M), and Petroleum Gas ($70.9M). In September 2023 the top imports of United States from Switzerland were Packaged Medicaments ($796M), Commodities not elsewhere specified ($494M), Vaccines, blood, antisera, toxins and cultures ($456M), Other Precious Metal Products ($286M), and Base Metal Watches ($233M).

Origins In September 2023 the exports of United States were mainly from New York ($992M), California ($141M), Illinois ($91M), Wisconsin ($66.7M), and Texas ($62.9M), while imports destinations were mainly New York ($873M), Indiana ($763M), Pennsylvania ($515M), California ($225M), and New Jersey ($205M).

Growth In September 2023, the decrease in United States's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Diamonds ($-60.2M or -66.8%), Packaged Medicaments ($-16.5M or -43.2%), and Jewellery ($-16.4M or -35.4%). In September 2023, the decrease in United States's year-by-year imports from Switzerland was explained primarily by an decrease in product imports in Packaged Medicaments ($-785M or -49.7%), Gold ($-494M or -89.3%), and Other Precious Metal Products ($-155M or -35.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2022 - September 2023)$-1.12B(-36.2%)

IMPORT GROWTH (September 2022 - September 2023)$-679M(-14.5%)

MAIN EXPORTER (September 2023)New York$992M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Switzerland and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, United States exported $22.2B to Switzerland. The main products exported from United States to Switzerland were Gold ($9.35B), Vaccines, blood, antisera, toxins and cultures ($1.34B), and Platinum ($914M). During the last 26 years the exports of United States to Switzerland have increased at an annualized rate of 4.74%, from $6.67B in 1995 to $22.2B in 2021.

In 2021, Switzerland exported $51.1B to United States. The main products exported from Switzerland to United States were Packaged Medicaments ($16.3B), Gold ($8.13B), and Vaccines, blood, antisera, toxins and cultures ($4.75B). During the last 26 years the exports of Switzerland to United States have increased at an annualized rate of 7.76%, from $7.31B in 1995 to $51.1B in 2021.

Exports from United States () to Switzerland () (2021)

Exports from Switzerland () to United States () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$259B

Switzerland
Top DestinationGermany$55.2B

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

In 2021, countries that imported more from United States than Switzerland were Canada ($259B), Mexico ($247B), and China ($151B).

In 2021, countries that imported more from Switzerland than United States were Slovenia ($8.25B), Austria ($10.3B), and Romania ($1.79B).

Difference in imports from Switzerland () and United States () (2021)

Comparative Advantage United States - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, United States had a large net trade with Switzerland in the exports of Precious Metals ($11.9B), Chemical Products ($3.41B), and Instruments ($1.84B).

During 2021, Switzerland had a large net trade with United States in the exports of Chemical Products ($24.2B), Precious Metals ($10.3B), and Instruments ($7.61B).

Service Trade

Bilateral Service Trade

Che Year

Usa Year

Service trade data is presented based on availability.

Services Exports from United States () to Switzerland () (2017)

Services Exports from Switzerland () to United States () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over United States.

Product Space of United States () and Switzerland () (2021)

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