Countries

Switzerland: trade by HS code

  • US$399bnExports 2024
  • US$385bnImports 2024
  • 5,268HS6 · Exports

In 2024, exports from Switzerland came to US$399bn and imports to US$385bn.

Its main exports were unwrought gold (non-monetary) (7108.12), other medicines, dosed or for retail sale (3004.90) and immunological products, dosed or retail (3002.15).

Its largest customer was the United States and its largest supplier Germany.

In the 12 months to August 2026, the UK imported goods worth £61bn from Switzerland (+128% on the year before), above all semi-manufactured gold (non-monetary), unwrought silver and automatic wristwatches (base metal case), and exported £8.9bn to it.

Under the UK–Switzerland agreement, 78% of the UK tariff lines are duty-free for goods from Switzerland that meet the rules of origin.

Switzerland and the UK

UK imports£61bn+128% · last 12 months
UK exports£8.9bn-71% · last 12 months
Duty-free access to the UK78%share of tariff lines at 0% under a preference

Agreement or scheme: UK–Switzerland agreement

What the UK imports from Switzerland

  1. 7108.13Semi-manufactured gold (non-monetary)£51.6bn
  2. 7106.91Unwrought silver£1.5bn
  3. 9102.21Automatic wristwatches (base metal case)£856.6m
  4. 3002.15Immunological products, dosed or retail£774.5m
  5. 3004.90Other medicines, dosed or for retail sale£439.5m
  6. 7108.12Unwrought gold (non-monetary)£431.8m
  7. 9101.21Automatic wristwatches, precious metal case£421.9m
  8. 7110.19Semi-manufactured platinum£391.5m
  9. 0901.21Roasted coffee (not decaffeinated)£187.3m
  10. 7110.29Semi-manufactured palladium£170.1m

Data up to August 2026 (provisional) · HMRC

Switzerland and the EU

EU imports€148.2bn+4% · last 12 months
EU exports€230.8bn+11% · last 12 months
Duty-free access to the EU73%share of tariff lines at 0% under a preference

Agreement or scheme: EU–Switzerland agreement

What the EU imports from Switzerland

  1. 3004.90Other medicines, dosed or for retail sale€17.6bn
  2. 3002.15Immunological products, dosed or retail€15.9bn
  3. 7108.12Unwrought gold (non-monetary)€7.5bn
  4. 7108.13Semi-manufactured gold (non-monetary)€5.7bn
  5. 2933.59Other pyrimidine and piperazine compounds€4.3bn
  6. 2716.00Electricity€3.5bn
  7. 9102.21Automatic wristwatches (base metal case)€3.1bn
  8. 2933.39Other pyridine compounds€3.1bn
  9. 3002.14Immunological products, mixed, bulk€2.8bn
  10. 7113.19Precious metal jewellery (other than silver)€2.7bn

Data up to August 2026 (provisional) · Eurostat Comext

Top exports

  1. 7108.12Unwrought gold (non-monetary)US$97bn
  2. 3004.90Other medicines, dosed or for retail saleUS$42bn
  3. 3002.15Immunological products, dosed or retailUS$34bn
  4. 9102.21Automatic wristwatches (base metal case)US$14bn
  5. 7113.19Precious metal jewellery (other than silver)US$11bn
  6. 7108.13Semi-manufactured gold (non-monetary)US$9bn
  7. 9101.21Automatic wristwatches, precious metal caseUS$8bn
  8. 2933.59Other pyrimidine and piperazine compoundsUS$7bn
  9. 3002.12Antisera and blood fractionsUS$5bn
  10. 2716.00ElectricityUS$4bn
  11. 0901.21Roasted coffee (not decaffeinated)US$3bn
  12. 2933.19Other pyrazole compoundsUS$3bn
  13. 9102.11Quartz wristwatches with analogue displayUS$3bn
  14. 3004.39Other hormone medicines, dosed or retailUS$3bn
  15. 2935.90Other sulphonamidesUS$3bn
  16. 2933.99Other nitrogen heterocyclic compoundsUS$2bn
  17. 2934.99Other heterocyclic compoundsUS$2bn
  18. 9021.10Orthopaedic and fracture appliancesUS$2bn
  19. 3002.14Immunological products, mixed, bulkUS$2bn
  20. 9101.29Other wristwatches, precious metal caseUS$2bn

Top imports

  1. 7108.12Unwrought gold (non-monetary)US$104bn
  2. 3004.90Other medicines, dosed or for retail saleUS$42bn
  3. 3002.15Immunological products, dosed or retailUS$10bn
  4. 7113.19Precious metal jewellery (other than silver)US$9bn
  5. 7108.13Semi-manufactured gold (non-monetary)US$8bn
  6. 3002.12Antisera and blood fractionsUS$5bn
  7. 7402.00Unrefined copper and copper anodesUS$4bn
  8. 7112.91Gold waste and scrapUS$3bn
  9. 3004.39Other hormone medicines, dosed or retailUS$3bn
  10. 3002.14Immunological products, mixed, bulkUS$3bn
  11. 2716.00ElectricityUS$3bn
  12. 2709.00Crude oilUS$2bn
  13. 8703.80Electric cars (battery only)US$2bn
  14. 8703.40Hybrid cars, petrol (non-plug-in)US$2bn
  15. 8703.23Petrol cars, 1500-3000 ccUS$2bn
  16. 7102.39Worked diamonds (non-industrial)US$2bn
  17. 8517.13SmartphonesUS$2bn
  18. 8471.30Laptops and portable computers (max 10 kg)US$2bn
  19. 8703.32Diesel cars, 1500-2500 ccUS$2bn
  20. 7110.21Unwrought palladiumUS$2bn

Main buyers from Switzerland

  1. United States US$55bn
  2. Germany US$50bn
  3. China US$43bn
  4. India US$22bn
  5. France US$20bn
  6. Slovenia US$18bn
  7. Italy US$16bn
  8. United Kingdom US$14bn
  9. Hong Kong SAR China US$12bn
  10. United Arab Emirates US$11bn

Main suppliers of Switzerland

  1. Germany US$64bn
  2. Italy US$31bn
  3. United States US$29bn
  4. Slovenia US$20bn
  5. France US$20bn
  6. China US$19bn
  7. United Arab Emirates US$13bn
  8. Austria US$10bn
  9. United Kingdom US$9bn
  10. Canada US$8bn

Questions and answers

What does Switzerland export most?

In 2024, its largest export at the six-digit level was unwrought gold (non-monetary) (HS 7108.12), worth US$97bn.

Does the UK have a trade agreement with Switzerland?

Yes: goods from Switzerland can enter at preferential rates under the UK–Switzerland agreement, duty-free on 78% of tariff lines, provided they meet the rules of origin and come with proof of origin.