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Switzerland

Switzerland FlagU.S.-Switzerland Trade Facts

U.S. goods and services trade with Switzerland totaled an estimated $115.5 billion in 2016 (latest data available). Exports were $55.4 billion; imports were $60.1 billion. The U.S. goods and services trade deficit with Switzerland was $4.7 billion in 2016

Switzerland is currently our 15th largest goods trading partner with $57.7 billion in total (two way) goods trade during 2017. Goods exports totaled $21.7 billion; goods imports totaled $36.0 billion. The U.S. goods trade deficit with Switzerland was $14.3 billion in 2017.

Trade in services with Switzerland totaled an estimated $56.3 billion in 2016 (latest data available). Services exports totaled $32.6 billion; services imports totaled $23.8 billion. The U.S. services trade surplus with Switzerland was $8.8 billion in 201

According to the Department of Commerce, U.S. exports of Goods and Services to Switzerland supported an estimated 271 thousand jobs in 2015 (latest data available) (73 thousand supported by goods exports and 199 thousand supported by services exports).

Exports

  • Switzerland was the United States' 17th largest goods export market in 2017.

  • U.S. goods exports to Switzerland in 2017 were $21.7 billion, down 4.9% ($1.1 billion) from 2016 but up 27.3% from 2007.  U.S. exports to Switzerland account for 1.4% of overall U.S. exports in 2017.
  • The top export categories (2-digit HS) in 2017 were: precious metal and stone (gold) ($11 billion), pharmaceuticals ($2.0 billion), art and antiques ($1.8 billion), aircraft ($1.4 billion), and optical and medical instruments ($1.4 billion).

  • U.S. total exports of agricultural products to Switzerland totaled $501 million in 2017. Leading domestic export categories include: tobacco ($268 million), tree nuts ($27 million), dairy products ($14 million), beef & beef products ($12 million), and wine & beer ($10 million).

  • U.S. exports of services to Switzerland were an estimated $32.6 billion in 2016 4.4% ($1.4 billion) more than 2015, and 140% greater than 2006 levels.  Leading services exports from the U.S. to Switzerland were in the intellectual property (industrial processes), research and development services, and professional and management services sectors. 

Imports

  • Switzerland was the United States' 15th largest supplier of goods imports in 2017.

  • U.S. goods imports from Switzerland totaled $36.0 billion in 2017, down 1.0% ($349 million) from 2016, but up 143.9% from 2007.  U.S. imports from Switzerland account for 1.5% of overall U.S. imports in 2017.

  • The top import categories (2-digit HS) in 2017 were: pharmaceuticals ($12 billion), special other (returns) ($4.3 billion), organic chemicals ($4.0 billion), optical and medical instruments ($3.5 billion), and clocks and watches ($2.8 billion).

  • U.S. total imports of agricultural products from Switzerland totaled $1.3 billion in 2017. Leading categories include: roasted & instant coffee ($184 million), snack foods ($114 million), cheese ($76 million), essential oils ($28 million), and processed fruit & vegetables ($5 million).

  • U.S. imports of services from Switzerland were an estimated $23.8 billion in 2016, 10.4% ($2.2 billion) more than 2015, and 60.4% greater than 2006 levels.  Leading services imports from Switzerland to the U.S. were in the insurance services, intellectual property (industrial processes, trademarks), and technical and other services sectors. 

Trade Balance

  • The U.S. goods trade deficit with Switzerland was $14.3 billion in 2017, a 5.6% increase ($764 million) over 2016.

  • The United States has a services trade surplus of an estimated $8.8 billion with Switzerland in 2016 (latest data available), down 9.9% from 2015. 

Investment

  • U.S. foreign direct investment (FDI) in Switzerland (stock) was $250.0 billion in 2017, a 33.6% increase from 2016. U.S. direct investment in Switzerland is led by manufacturing, nonbank holding companies, and finance and insurance.

  • Switzerland's FDI in the United States (stock) was $309.4 billion in 2017, up 9.2% from 2016. Switzerland's direct investment in the U.S. is led by manufacturing, finance and insurance, and wholesale trade.

  • Sales of services in Switzerland by majority U.S.-owned affiliates were $76.6 billion in 2015 (latest data available), while sales of services in the United States by majority Switzerland-owned firms were $48.9 billion.