Switzerland Trade Overview : Imports and Exports Both Are At Peak Levels
10 September 2022
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.