HS Icon Precious metals, gems and jewelry in  Flag Switzerland

2020
Exports | Imports
: $81.2B | $104B, World Rnk 1 / 219
Flag Rnk 1 / 96 | World Rnk 2 / 222
Flag Rnk 1 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $26.9B | $8.37B, United States |  Hong Kong


ECONOMIC COMPLEXITY of Switzerland
: 1.99, Rnk 2 / 127


PRODUCT COMPLEXITY  IN Precious metals, gems and jewelry
: -2.18, Rnk 95 / 96

Exports In 2020, Switzerland exported $81.2B in Precious metals, gems and jewelry, making it the 1st largest exporter of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 1st most exported product in Switzerland. The main destination of Precious metals, gems and jewelry exports from Switzerland are: United States ($29B), India ($10.2B), United Kingdom ($7.64B), Germany ($5.71B), and Turkey ($4.84B).

The fastest growing export markets for Precious metals, gems and jewelry of Switzerland between 2019 and 2020 were United States ($26.9B), Turkey ($3.09B), and Germany ($2.27B).

Imports In 2020, Switzerland imported $104B in Precious metals, gems and jewelry, becoming the 2nd largest importer of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 1st most imported product in Switzerland. Switzerland imports Precious metals, gems and jewelry primarily from: Hong Kong ($11.6B), United Arab Emirates ($9.96B), United States ($8.73B), United Kingdom ($8.28B), and Thailand ($7.24B).

The fastest growing import markets in Precious metals, gems and jewelry for Switzerland between 2019 and 2020 were Hong Kong ($8.37B), Burkina Faso ($3.03B), and United States ($2.85B).

Tariffs In 2019, the average tariff for Switzerland in Precious metals, gems and jewelry was 2.42%. The countries with the highest import tariffs for Precious metals, gems and jewelry were Western Sahara (Most Favoured Nation duty rate treatement, 9.4%), Mayotte (Most Favoured Nation duty rate treatement, 9.4%), Reunion (Most Favoured Nation duty rate treatement, 9.4%), Antarctica (Most Favoured Nation duty rate treatement, 9.4%), and French South Antarctic Territory (Most Favoured Nation duty rate treatement, 9.4%).

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Precious metals, gems and jewelry. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $81.2B

IMPORTS (2020): $104B

NET TRADE (2020): -$23.1B

In 2020, Switzerland exported $81.2B in Precious metals, gems and jewelry. The main destinations of Switzerland exports on Precious metals, gems and jewelry were United States ($29B), India ($10.2B), United Kingdom ($7.64B), Germany ($5.71B), and Turkey ($4.84B).

In 2020, Switzerland imported $104B in Precious metals, gems and jewelry, mainly from Hong Kong ($11.6B), United Arab Emirates ($9.96B), United States ($8.73B), United Kingdom ($8.28B), and Thailand ($7.24B).

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IN 2020, Switzerland HAD A POSITIVE NET TRADE IN Precious metals, gems and jewelry WITH:

IN 2020, Switzerland HAD A NEGATIVE NET TRADE IN Precious metals, gems and jewelry WITH:

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THE FASTEST GROWING Precious metals, gems and jewelry EXPORT MARKETS FOR Switzerland WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious metals, gems and jewelry BY Switzerland WERE (2019 - 2020):

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Market Concentration

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In 2019, Switzerland's main exporting competitors in Precious metals, gems and jewelry were:

In 2019, Switzerland's main importing competitors in Precious metals, gems and jewelry were:

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