Switzerland Trade & Investment Summary
U.S. goods and services trade with Switzerland totaled an estimated $185.9 billion in 2022. Exports were $92.4 billion; imports were $93.5 billion. The U.S. goods and services trade deficit with Switzerland was $1.1 billion in 2022.
U.S. goods exports to Switzerland in 2022 were $36.7 billion, up 55.5 percent ($13.1 billion) from 2021 and up 39 percent from 2012. U.S. goods imports from Switzerland totaled $59.4 billion in 2022, down 6.5 percent ($4.1 billion) from 2021, but up 131 percent from 2012. U.S. exports to Switzerland account for 1.8 percent of overall U.S. exports in 2022. The U.S. goods trade deficit with Switzerland was $22.7 billion in 2022, a 43.2 percent decrease ($17.2 billion) over 2021.
U.S. exports of services to Switzerland were an estimated $55.6 billion in 2022, 13.9 percent ($6.8 billion) more than 2021, and 100 percent greater than 2012 levels. U.S. imports of services from Switzerland were an estimated $34.1 billion in 2022, 17.5 percent ($5.1 billion) more than 2021, and 52 percent greater than 2012 levels. Leading services exports from the U.S. to Switzerland were in the intellectual property, professional and management services, and research and development services sectors. The United States had a services trade surplus of an estimated $21.5 billion with Switzerland in 2022, up 8.7 percent from 2021.
U.S. foreign direct investment (FDI) in Switzerland (stock) was $212.2 billion in 2022, a 3.7 percent decrease from 2021. U.S. direct investment in Switzerland is led by manufacturing, nonbank holding companies, and wholesale trade.
Switzerland's FDI in the United States (stock) was $307.2 billion in 2022, up 2.3 percent from 2021. Switzerland's direct investment in the U.S. is led by manufacturing, wholesale trade, and professional, scientific, and technical services.
