Trading Partner Portal: Switzerland
Two-way trade between the United States and Switzerland was approximately $59 billion in 2016. The United States exported over $22.7 billion to Switzerland, making it the 15th largest export destination for the US. Exports consisted of $6.6 billion in primary metal manufacturing, $4.2 billion in manufactured commodities and approximately $2.8 billion in chemicals. Imports from Switzerland were $36.3 billion, with the top categories being chemicals and computers. (US Department of Commerce)
Foreign Direct Investment
According to the Swiss Embassy in the United States, Switzerland is one of the largest investors in R&D in the US, with more than $9.7 billion invested in 2016. In 2016, the U.S. invested $172 billion into Switzerland, while Swiss investment in the U.S. reached $196.6 billion. Switzerland is the 7th largest source of FDI in the US. Swiss FDI in the US supported 468,000 jobs and contributed $16.6 billion to expanding US exports. The top industry sectors for Swiss FDI in the US are: consumer products, industrial machinery, food and tobacco, financial services, software and IT services, and business services. Select USA.
California – Switzerland Trade Relations
Swiss-owned companies create more jobs for California than any other state in the United States. Employment in California by Swiss-owned companies reached 61,000 in 2012, almost double the amount of any other state in the country. (Swiss Embassy)
In 2016, California was one of the top state exporters to Switzerland with over $2 billion. California exports to Switzerland increased by 27.3% from 2010. Switzerland is California’s 18th largest export destination. Chemicals were credited with 42.3 percent of the total, worth $859 million. Transportation equipment held 21.5 percent with $437 million. Manufactured commodities held 13 percent with $265 million. Computers and electronic products held 7.9 percent with $160 million. (US Department of Commerce)