Switzerland Trade Overview : Imports and Exports Both Are At Peak Levels

10 September 2022
Switzerland Trade Overview

Switzerland's imports and exports in the past years have been increasing frequently. In 2022, the values of imports and exports reached their highest levels, as per the interpretation of Switzerland trade data.

 

Look at the overview of Switzerland import-export in 2021 and 2022 consisting of different forms of data representation to provide different information – the trade between Switzerland and its partner countries, the comparison of a year’s value with another year’s value, and so on.

 

 

Yearly Imports and Exports

 

The below-shown data features the yearly values of Swiss imports, comprising a time period ranging from 2012 to 2021. Following 2012, 2013 accounted for growth and continued to face minor fluctuations. In 2020, the imports grew by 4.99% and further grew by 11% in 2021.

 

 

The below-shown data features the yearly values of Swiss exports, comprising a time period ranging from 2012 to 2021. From 2012 to 2017, the exports went through fluctuations. The exports continued to grow each year since 2017. 2021 accounted for the highest growth of 19.2%.


  

 

Top Imports and Exports

 

The top 5 imports of Switzerland in 2021 were—Gold with an import value of $91.5 billion, followed by Mixed/Unmixed Medicines with a value of $22.1 billion and Articles of Jewelry with $8.2 billion. Immunological Parts and Electrical Energy accounted for $7.9 billion and $3.6 billion, respectively.

 


Switzerland Imports (2021) – By Commodity

Commodity

Value USD Billion

Gold

91.59

Mixed/Unmixed Medicines

22.14

Articles of Jewelry and Parts

8.22

Immunological Parts

7.92

Electrical Energy

3.63

 

The top 5 exports of Switzerland in 2021 were—Gold with an export value of $78.3 billion, followed by Mixed/Unmixed Medicines with a value of $44.6 billion and Immunological Products with a value of $38.3 billion. Wrist Watches and Articles of Jewelry accounted for $12 billion ad $11.3 billion respectively.

 


Switzerland Exports (2021) – By Commodity

Commodity

Value USD Billion

Gold

78.32

Mixed/Unmixed Medicines

44.66

Immunological Products

38.39

Wrist Watches

12.03

Articles of Jewelry and Parts

11.30

 

 

 

Top Import-Export Partner Countries

 

The top 5 import partners of Switzerland in 2021 were—Germany with a share value of 62.3%, followed by the UK with a value of 36.3% and the USA with a value of 24.2%. Italy and China are the fourth and fifth-largest import partners, accounting for share values of 23.9% and 19.7% respectively.

 

 

Switzerland Imports (2021) – By Country

Country

Value USD Billion

Germany

62.37

United Kingdom

36.33

United States of America

24.21

Italy

23.90

China

19.78

 

 

The top 5 exports of Switzerland in 2021 were—the USA with a share value of 63%, followed by Germany with a value of 55.2% and China with a value of 33%. India and Italy are the fourth and fifth-largest export partners, accounting for share values of 31.4% and 20.3% respectively.

 


Switzerland Exports (2021) – By Country

Country

Value USD Billion

United States of America

63.09

Germany

55.24

China

33.05

India

31.41

Italy

20.31

 

 

 

Import-Export In 2022 So Far

 

Switzerland's trade in 2022 so far is shown below, as per Switzerland import-export data 2022. The first quarter of 2022 has amounted to $93.7 billion worth of imports and $105.1 billion worth of exports.


 


Switzerland Import-Export In 2022 So Far

Quarter

Import

Export

Q1-2022

93.74

105.19

Q2-2022

82.23

93.58

Total Value -

175.98

198.77

 

Value USD Billion

 

The second quarter of 2022 has amounted to $82.2 billion worth of imports and $93.5 billion worth of exports. The total imports in 2022 so far totaled $175.9 billion. On the other hand, the total exports in 2022 so far totaled an impressive amount of $198.7 billion, higher than the imports. This gives us the impression that Switzerland exports are going higher than imports this year.

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