United States (USA) and Switzerland (CHE) Trade

2022

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Exports $37.7BRnk 14 / 219

2022

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About

United States-Switzerland Trade: In 2022, United States exported $37.7B to Switzerland. The main products that United States exported to Switzerland were Gold ($21.3B), Vaccines, blood, antisera, toxins and cultures ($3.62B), and Jewellery ($1.18B). Over the past 5 years the exports of United States to Switzerland have increased at an annualized rate of 12.5%, from $21B in 2017 to $37.7B in 2022.

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 Trade: In 2022, Switzerland exported $61.7B to United States. The main products that Switzerland exported to United States were Vaccines, blood, antisera, toxins and cultures ($14.2B), Packaged Medicaments ($13.7B), and Gold ($8.17B). Over the past 5 years the exports of Switzerland to United States have increased at an annualized rate of 11.9%, from $35.2B in 2017 to $61.7B in 2022.

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 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Company data: In 2023, leading companies such as Robert Bosch (565), Dekalb Farmers Market (13), and Electrolux (1) were at the forefront of exporting goods from Switzerland to the United States. Conversely, Other (357), Scintilla Ag (104), and Sfs Intec Ag (104) were notable for importing products to Switzerland from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $1.98B and imported $4.03B from Switzerland, resulting in a negative trade balance of $2.06B. Between August 2023 and August 2024 the exports of United States have decreased by $-601M (-23.3%) from $2.58B to $1.98B, while imports increased by $147M (3.78%) from $3.89B to $4.03B.

Trade In August 2024, the top exports of United States to Switzerland were Gold ($2.04B), Paintings ($267M), Vaccines, blood, antisera, toxins and cultures ($106M), Jewellery ($88.4M), and Commodities not elsewhere specified ($80.1M). In August 2024 the top imports of United States from Switzerland were Packaged Medicaments ($1.56B), Commodities not elsewhere specified ($748M), Vaccines, blood, antisera, toxins and cultures ($299M), Base Metal Watches ($274M), and Orthopedic Appliances ($189M).

Origins In August 2024 the exports of United States were mainly from New York ($892M), California ($153M), Texas ($109M), Illinois ($80.9M), and Massachusetts ($69.3M), while imports destinations were mainly Indiana ($874M), New York ($724M), Pennsylvania ($504M), New Jersey ($381M), and California ($186M).

Growth In August 2024, the decrease in United States's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Refined Petroleum ($-61.2M or -99.9%), Aircraft Parts ($-49.7M or -46.6%), and Precious Metal Scraps ($-31.7M or -52.4%). In August 2024, the increase in United States's year-by-year imports from Switzerland was explained primarily by an increase in product imports in Packaged Medicaments ($769M or 96.6%), Commodities not elsewhere specified ($254M or 51.3%), and Orthopedic Appliances ($45.7M or 31.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$-601M(-23.3%)

IMPORT GROWTH (August 2023 - August 2024)$147M(3.78%)

MAIN EXPORTER (August 2024)New York$892M

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 2022, United States exported $37.7B to Switzerland. The main products exported from United States to Switzerland were Gold ($21.3B), Vaccines, blood, antisera, toxins and cultures ($3.62B), and Jewellery ($1.18B). During the last 5 years the exports of United States to Switzerland have increased at an annualized rate of 12.5%, from $21B in 2017 to $37.7B in 2022.

In 2017, Switzerland exported $61.7B to United States. The main products exported from Switzerland to United States were Vaccines, blood, antisera, toxins and cultures ($14.2B), Packaged Medicaments ($13.7B), and Gold ($8.17B). During the last 5 years the exports of Switzerland to United States have increased at an annualized rate of 11.9%, from $35.2B in 2022 to $61.7B in 2017.

Exports from United States () to Switzerland () (2022)

Exports from Switzerland () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Switzerland
Top DestinationUnited States$61.7B

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 2022, countries that imported more from United States than Switzerland included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Switzerland than United States included Slovenia ($11.7B), Austria ($10.8B), and Russia ($3.12B).

Difference in imports from Switzerland () and United States () (2022)

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 2022, United States had a large net trade with Switzerland in the exports of Precious Metals ($24B), Chemical Products ($5.8B), and Instruments ($2.13B).

During 2017, Switzerland had a large net trade with United States in the exports of Chemical Products ($31.1B), Precious Metals ($11.7B), and Instruments ($8.38B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Switzerland+$281MPackaged Medicaments

Top Product Potential Switzerland United States+$636MVaccines, blood, antisera, toxins and cultures

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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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)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Switzerland () (2022)

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