In 2022, Switzerland imported $356.6 billion worth of products from all over the world. Compared to the same period in 2021, the total cost of imports paid by Switzerland increased by 9.9% from $324.5 billion.
Switzerland's Best Import Suppliers
The latest country-specific data show that Swiss imports are mainly supplied by exporters from Germany (35.6% of Switzerland's global total), the USA (7.5%), Italy (5.2%), France (5.1%), Mainland China (4%), the United Kingdom (2.8%), Austria (2.7%), Spain (2.2%), the United Arab Emirates (2.2%), Slovenia (1.8%), the United States (1.2%), the Netherlands (1.2%) and the United States (1.8%). , Slovenia (1.8%), Canada (1.7%) and South Africa (1.3%).
Switzerland's top 10 Imports
1. Gemstones, precious metals: $117.6 billion (33% of total imports)
2. Pharmaceuticals: $48.7 billion (13.7%)
3. Fossil fuels including oil: $23.7 billion (6.6%)
4. Machinery including computers: $21.8 billion (6.1%)
5. Electrical machinery and equipment: $18.5 billion (5.2%)
6. Vehicles: $16.7 billion (4.7%)
7. Optical, technical, medical equipment: $9.3 billion (2.6%)
8. Organic chemicals: $9.2 billion (2.6%)
9. Plastics, plastic products: $8.4 billion (2.4%)
10. Furniture, bedding, lighting, signs, prefabricated buildings: $5.2 billion (1.5%)
Switzerland's top ten imports accounted for more than three-quarters (78.2%) of its total purchases from other countries. Petroleum and other mineral fuels were the fastest-rising combined cost category among the top 10 imports, up 117.1% year-on-year. Lagging behind this category were imports of organic chemicals (up 15.7% from 2021). Swiss imports of pharmaceuticals grew by 15.2%, ahead of the 7.9% increase in imports of electrical machinery and equipment.
The only decline was a -2.4% decrease in Swiss imports of furniture, bedding, lighting, signs, and prefabricated buildings from 2021 to 2022.
At the more detailed 4-digit HS code level, Switzerland spends the most on imported gold (27.6% of total Swiss imports), dose-mixed drugs (8.9%), blood components including antisera (4.5%), and automobiles (3.1%). electricity (2.6%), jewelry (2.5%), processed petroleum (1.7%), liquefied petroleum gas (1.6%), computers (1.1%), and telephony equipment including smartphones (1%).
Switzerland's Top 10 Exports
In 2022, Swiss exports will total USD 401.9 billion. This represents a 5.6% year-on-year increase in the total value of goods exported from Switzerland compared to $380.6 billion in 2021.
Switzerland's top five exports by value are gold, blood components including antisera, dosage mixes, heterocyclic compounds and nucleic acids, followed by wristwatches or pocket watches (excluding wristwatches without precious metal cases).
Switzerland's Best International Trade Customers
The latest country-specific data show that Swiss exports are mainly purchased by importers in the following countries: the USA (16.3% of the Swiss total), Germany (13.4%), mainland China (11%), Italy (6.4%), France (5.3%), India (3.7%), the UK (3.3%), Turkey (3.1%), Slovenia (3%), Austria ( 2.7%), Spain (also 2.7%) and Singapore (2.6%).
Switzerland's Top 10 Exports
1. Gemstones, precious metals: $120.3 billion (29.9% of total exports)
2. Pharmaceuticals: $98.1 billion (24.4%)
3. Organic chemicals: $31 billion (7.7%)
4. Clocks and watches (including parts): $26 billion (6.5%)
5. Machinery including computers: $24.3 billion (6%)
6. Optical, technical, medical equipment: $19.2 billion (4.8%)
7. Electrical machinery, equipment: $14.1 billion (3.5%)
8. Fossil fuels including oil: $10.9 billion (2.7%)
9. Plastics, plastic products: $6.3 billion (1.6%)
10. Perfumes, cosmetics: $4 billion (1%)
Switzerland's top 10 export commodities account for 88.1% of its total global exports.
Mineral fuels, including petroleum, are the fastest growing of the top 10 export categories, growing by 154.9% from 2021 to 2022. In second place in terms of improved export sales were gems and precious metals, which grew by 13%, driven by increased revenues from Swiss gold exports. Swiss shipments of watches and clocks (including parts) ranked third, up 6.5 percent year-on-year.
The only decline in Switzerland's top ten export categories was pharmaceuticals, which fell by -3.4%.
According to the finer 4-digit HS code, Switzerland's top ten exports are:
1. Gold (25.61%)
2. Blood components (14.87%)
3. Mixed doses of drugs (14.69%)
4. Heterocycles, nucleic acids (4.45%)
5. Wristwatch/pocket watch (without precious metal case) (4.43%)
6. Jewelry (3.37%)
7. Electricity (1.15%)
8. Wristwatches/pocket watches (precious metal cases) (2.43%)
9. Orthopedic Devices (2.06%)
10. Electronic medical devices (1.14%)
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