Country intelligence · CHE · 2024

Switzerland, Liechtenstein trade profile

In 2024, Switzerland, Liechtenstein recorded $438.5B in merchandise exports and $365.6B in imports, producing a $72.8B trade surplus. Exports changed +5.0% from the previous year, while imports changed -1.8%.[1]

Exports

$438.5B

+5.0%

Imports

$365.6B

-1.8%

Trade balance

$72.8B

surplus

Active partners

270

64 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$438.5B$365.6B$72.8B+5.0%
2023$417.8B$372.3B$45.5B+2.5%
2022$407.7B$370.9B$36.7B+6.1%
2021$384.3B$329.9B$54.4B+18.5%
2020$324.3B$291.4B$32.9B+3.0%
2019$314.8B$280.3B$34.6B+0.3%
2018$314.0B$280.7B$33.3B+4.5%
2017$300.5B$271.5B$29.0B+0.2%
2016$299.9B$277.6B$22.3B+4.3%
2015$287.4B$252.4B$35.0B-12.3%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 71 · Precious metals and stones

51 active HS6 lines · 153 export partners

$143.2B
2

HS 30 · Pharmaceutical products

43 active HS6 lines · 184 export partners

$97.2B
3

HS 29 · Organic chemicals

369 active HS6 lines · 154 export partners

$40.5B
4

HS 91 · HS chapter

48 active HS6 lines · 170 export partners

$31.7B
5

HS 84 · Machinery

515 active HS6 lines · 194 export partners

$25.6B
6

HS 90 · HS chapter

142 active HS6 lines · 190 export partners

$20.7B
7

HS 85 · Electrical machinery

262 active HS6 lines · 192 export partners

$15.1B
8

HS 27 · Mineral fuels and oils

43 active HS6 lines · 155 export partners

$6.1B

Leading export markets

Destinations rank bilateral export flows from Switzerland, Liechtenstein; growth describes each corridor rather than the whole economy.

1

United States

Annual change +23.5% · 3-year CAGR 4.2%

$74.1B
2

Germany

Annual change -1.8% · 3-year CAGR -2.4%

$54.2B
3

China

Annual change -1.7% · 3-year CAGR 11.5%

$50.5B
4

Slovenia

Annual change +71.9% · 3-year CAGR 50.7%

$24.8B
5

Italy

Annual change -3.3% · 3-year CAGR 10.9%

$22.5B
6

India

Annual change +24.5% · 3-year CAGR -10.1%

$21.5B
7

France

Annual change +7.9% · 3-year CAGR 2.7%

$21.0B
8

United Kingdom

Annual change +44.3% · 3-year CAGR 19.0%

$20.2B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.