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Switzerland-EU trade in goods: €48 billion surplus

22/07/2019

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Switzerland was the EU's 4th largest partner for imports (6% of total extra-EU imports) and the 3rd largest for EU exports (8% of total extra-EU exports) in 2018.

Graph illustrating the trade balance between Switzerland and the EU from 2008 until 2018
 
 


Between 2008 and 2018, the EU ran a trade surplus with Switzerland (meaning that it exported more than it imported). This trade surplus was highest in 2013 at €75 billion and lowest in 2009 at €8 billion. In 2018, the EU’s trade surplus with Switzerland was €48 billion.

Infographic illustrating the trade balance between Switzerland and the EU in 2018

EU exports to Switzerland were dominated by "other manufactured products", "machinery and vehicles", and "chemicals", which together accounted for 77% of EU exports to Switzerland. These same categories dominated EU imports from Switzerland. At a more detailed level, "non-monetary gold" was the EU’s most exported product to Switzerland, while the most imported product from Switzerland were "medicaments".


Germany: main trader with Switzerland among the Member States
Among the Member States, Germany was both the largest importer of goods from Switzerland (€43 billion), and the largest exporter to Switzerland (€54 billion) in 2018.


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