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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. Exports were $55.4 billion; imports were $60.1 billion. The U.S. goods and services trade deficit with Switzerland was $4.8 billion in 2016.

Switzerland is currently our 12th largest goods trading partner with $59.1 billion in total (two way) goods trade during 2016. Goods exports totaled $22.8 billion; goods imports totaled $36.3 billion. The U.S. goods trade deficit with Switzerland was $13.6 billion in 2016.

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

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' 15th largest goods export market in 2016.

  • U.S. goods exports to Switzerland in 2016 were $22.8 billion, up 2.8% ($623 million) from 2015 and up 58.4% from 2006.  U.S. exports to Switzerland account for 1.6% of overall U.S. exports in 2016.

  • The top export categories (2-digit HS) in 2016 were: precious metal and stone (gold) ($11 billion), pharmaceuticals ($2.1 billion), aircraft ($1.9 billion), art and antiques ($1.9 billion), and optical and medical instruments ($1.5 billion).

  • U.S. total exports of agricultural products to Switzerland totaled $434 million in 2016. Leading domestic export categories include: tobacco ($238 million), tree nuts ($30 million), beef & beef products ($20 million), wine & beer ($19 million), and dairy products ($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 2016.

  • U.S. goods imports from Switzerland totaled $36.3 billion in 2016, up 15.8% ($4.9 billion) from 2015, and up 155.4% from 2006.  U.S. imports from Switzerland account for 1.7% of overall U.S. imports in 2016.

  • The top import categories (2-digit HS) in 2016 were: pharmaceuticals ($10 billion), precious metal and stone (gold) ($5.0 billion), special other (returns) ($4.0 billion), organic chemicals ($3.4 billion), and optical and medical instruments ($3.1 billion).

  • U.S. total imports of agricultural products from Switzerland totaled $1.3 billion in 2016, our 23th largest supplier of agricultural imports. Leading categories include: snack foods ($113 million), roasted & instant coffee ($112 million), cheese ($77 million), essential oils ($28 million), and other dairy products ($8 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 $13.6 billion in 2016, a 46.8% increase ($4.3 billion) over 2015.

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

Investment

  • U.S. foreign direct investment (FDI) in Switzerland (stock) was $172.6 billion in 2016, a 10.9% increase from 2015. U.S. direct investment in Switzerland is led by nonbank holding companies, manufacturing, and finance/insurance.

  • Switzerland's FDI in the United States (stock) was $310.8 billion in 2016, up 24.7% from 2015. Switzerland's direct investment in the U.S. is led by manufacturing, finance/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. 


*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.