Switzerland

Switzerland ranked No. 16 in total trade value through November with a total of $56.6 billion. Exports totaled $16.22 billion and Imports totaled $40.38 billion, a deficit of $24.16 billion.

January – November 2019

Top Trading Ports

Total Trade: $56.6 billion

RankPortTotal YTD
1John F. Kennedy International Airport $14,875,095,903
2Port of Newark $9,224,519,102
3Chicago O’Hare International Airport $8,207,529,674
4Port of New Orleans $2,454,188,398
5Los Angeles International Airport $1,842,103,206
6Boston’s Logan International Airport $1,577,563,635
7Cleveland’s Hopkins International Airport, Ohio $1,452,638,676
8Philadelphia International Airport $1,382,832,121
9San Francisco International Airport, Calif. $1,274,189,018
10Salt Lake City International Airport, Utah $1,113,847,919

U.S. trade with Switzerland rose to $56.6 billion through November

Switzerland’s trade with the United States rose to $56.6 billion through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.57 percent below its total trade during the same time period last year. U.S. exports to Switzerland decreased 22.69 percent while U.S. imports from Switzerland rose 7.07 percent. The U.S. deficit with Switzerland was $24.16 billion.

Through November, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Chicago O’Hare International Airport; No. 4 Port of New Orleans; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Newark No. 3 Chicago O’Hare International Airport No. 4 Cleveland’s Hopkins International Airport, Ohio and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 64.66 percent of Switzerland’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 10.2 percent to $14.88 billion.
    Exports fell 24.11 percent to $7.19 billion. Imports rose 8.41 percent to $7.68 billion.
  • Trade with No. 2 Port of Newark rose 25.88 percent to $9.22 billion.
    Exports fell 7.17 percent to $239.1 million. Imports rose 27.09 percent to $8.99 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 16.3 percent to $8.21 billion.
    Exports fell 28.2 percent to $476.07 million. Imports rose 20.91 percent to $7.73 billion.
  • Trade with No. 4 Port of New Orleans rose 0.83 percent to $2.45 billion.
    Exports rose 12.33 percent to $735.86 million. Imports fell 3.41 percent to $1.72 billion.
  • Trade with No. 5 Los Angeles International Airport fell 48.6 percent to $1.84 billion.
    Exports fell 66.21 percent to $889.42 million. Imports rose 0.1 percent to $952.68 million.

Switzerland ranked No. 16 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 15.

Meanwhile, total U.S. trade with the world increased to $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.

The top five U.S. exports to Switzerland by value through November were the categories of Gold; Jewelry, parts; Plasma, vaccines, blood; Paintings, drawings and other artwork; and Civilian aircraft, parts, respectively. They accounted for 47.78 percent of total exports to Switzerland.

The value of the top five categories of U.S. imports from Switzerland –– Medicines in individual dosages; Value added to a returned import; Plasma, vaccines, blood; Heterocyclic chemical compounds; and Wrist and pocket watches, not precious metals –– accounted for 59.88 percent of all inbound shipments.

Looking more closely at U.S. exports to Switzerland:

  • Gold fell 68.47 percent compared to last year to $2.09 billion.
  • Jewelry, parts rose 17.84 percent compared to last year to $1.92 billion.
  • Plasma, vaccines, blood fell 2.25 percent compared to last year to $1.33 billion.
  • Paintings, drawings and other artwork fell 25.69 percent compared to last year to $1.32 billion.
  • Civilian aircraft, parts rose 8.27 percent compared to last year to $1.09 billion.

Looking more closely at U.S. imports from Switzerland:

  • Medicines in individual dosages rose 9.48 percent compared to last year to $11.84 billion.
  • Value added to a returned import rose 20.15 percent compared to last year to $6.19 billion.
  • Plasma, vaccines, blood rose 31.03 percent compared to last year to $2.31 billion.
  • Heterocyclic chemical compounds fell 35.98 percent compared to last year to $1.97 billion.
  • Wrist and pocket watches, not precious metals rose 8.83 percent compared to last year to $1.87 billion.

In the latest annual figures available, Switzerland recorded $57.7 billion in trade with the United States. At year’s end, its were New York City; Chicago; Los Angeles; Cleveland; and Philadelphia. Total U.S. exports to Switzerland were $ 21.69 billion and imports from Switzerland were $36 billion. The U.S. deficit with Switzerland was $14.31 billion.