Switzerland Trading Partner Portal

Trading Partner Portal: Switzerland

Overview

Trade Overview

Two-way trade between the United States and Switzerland was approximately $92.7 billion in 2020. The United States exported over $18 billion to Switzerland, making it the 18th largest export destination for the US. Exports consisted of $7.2 billion in primary metal manufacturing, $3.21 billion in chemicals and approximately $2.5 billion in manufactured commodities. Imports from Switzerland were $74.78 billion, with the top categories being primary metals, chemicals, reimports, and computer/electronic products. (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 $9.6 billion invested in 2018. In 2019, the U.S. invested $228.9 billion into Switzerland, while Swiss investment in the U.S. reached $224.3 billion. Switzerland is the 8th largest source of FDI in the US in 2019. In 2018, Swiss FDI in the US supported 478,500 jobs and contributed $15.5 billion to expanding US exports. The top industry sectors for Swiss FDI in the US are: real estate, industrial equipment, software and IT services, financial services, food and beverages, 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 2020, California was one of the top state exporters to Switzerland with over $1.5 billion. California exports to Switzerland increased by over 25% from 2010. Switzerland is California’s 18th largest export destination.  Chemicals were credited with 58.9 percent of the total, worth $887 million. Computer and electronic products held 11.9 percent with $179.19 million. Miscellaneous manufactured commodities held 10.7 percent with $161.7 million. Second-hand merchandise held 3.9 percent with $59 million.   (US Department of Commerce)

In California, the number six country for FDI through foreign-owned enterprises (FOEs) is Switzerland. Swiss FOEs in California provide over 55,840 jobs through 706 firms amounting to $5.43 billion in wages. The top jobs by sector are: manufacturing, financial activities, wholesale trade, professional/business services, and retail trade (World Trade Center Los Angeles FDI Report, May 2020).

We Need a Free Trade Deal with Switzerland
The Heritage Foundation, August 8, 2018

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