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Switzerland

Switzerland ranked No. 16 in total trade value through March with a total of $14.75 billion. Exports totaled $4.39 billion and Imports totaled $10.36 billion, a deficit of $5.97 billion.

January – March 2019

Top Trading Ports

Total Trade: $14.75 billion

RankPortTotal YTD
1John F. Kennedy International Airport $3,848,201,714
2Chicago O’Hare International Airport $2,501,414,480
3Port of Newark $2,374,238,378
4Port of New Orleans $677,256,607
5Los Angeles International Airport $433,086,264
6Cleveland’s Hopkins International Airport, Ohio $380,866,125
7Philadelphia International Airport $379,180,849
8San Francisco International Airport, Calif. $360,750,773
9Boston’s Logan International Airport $342,603,461
10Huntsville International Airport, Ala. $223,812,106

U.S. trade with Switzerland rose to $14.75 billion through March

Switzerland’s trade with the United States rose to $14.75 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.39 percent below its total trade during the same time period last year. Switzerland’s exports decreased 28.05 percent while imports rose 9.17 percent. The U.S. deficit with Switzerland was $5.97 billion.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Chicago O’Hare International Airport; No. 3 Port of Newark; 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 Los Angeles International Airport and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 66.69 percent of Switzerland’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 11.92 percent to $3.85 billion.
    Exports fell 18.36 percent to $2.17 billion. Imports fell 1.95 percent to $1.68 billion.
  • Trade with No. 2 Chicago O’Hare International Airport rose 32.61 percent to $2.5 billion.
    Exports fell 33.49 percent to $129.75 million. Imports rose 40.23 percent to $2.37 billion.
  • Trade with No. 3 Port of Newark rose 21.85 percent to $2.37 billion.
    Exports fell 42.63 percent to $63.82 million. Imports rose 25.76 percent to $2.31 billion.
  • Trade with No. 4 Port of New Orleans rose 11.78 percent to $677.26 million.
    Exports rose 13.82 percent to $211.02 million. Imports rose 10.89 percent to $466.24 million.
  • Trade with No. 5 Los Angeles International Airport fell 59.71 percent to $433.09 million.
    Exports fell 78.5 percent to $183.13 million. Imports rose 12.13 percent to $249.96 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 $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Switzerland by value through March were the categories of Jewelry, parts; Gold; Plasma, vaccines, blood; Diamonds, not mounted; and Paintings, drawings and other artwork, respectively. They accounted for 47.81 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; Heterocyclic chemical compounds; Plasma, vaccines, blood; and Wrist and pocket watches, not precious metals –– accounted for 60.56 percent of all inbound shipments.

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

  • Jewelry, parts fell 7.44 percent compared to last year to $686.23 million.
  • Gold fell 70.46 percent compared to last year to $415.58 million.
  • Plasma, vaccines, blood fell 10.82 percent compared to last year to $382 million.
  • Diamonds, not mounted fell 34.92 percent compared to last year to $320.01 million.
  • Paintings, drawings and other artwork fell 10.92 percent compared to last year to $293.76 million.

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

  • Medicines in individual dosages rose 17.4 percent compared to last year to $2.91 billion.
  • Value added to a returned import rose 4.04 percent compared to last year to $1.67 billion.
  • Heterocyclic chemical compounds rose 1.23 percent compared to last year to $693.16 million.
  • Plasma, vaccines, blood rose 21.04 percent compared to last year to $529.64 million.
  • Wrist and pocket watches, not precious metals rose 5 percent compared to last year to $470.04 million.

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.