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Switzerland

Switzerland ranked No. 16 in total trade value through September with a total of $45.78 billion. Exports totaled $13.3 billion and Imports totaled $32.49 billion, a deficit of $19.19 billion.

January – September 2019

Top Trading Ports

Total Trade: $45.78 billion

RankPortTotal YTD
1John F. Kennedy International Airport $11,584,659,700
2Port of Newark $7,456,244,959
3Chicago O’Hare International Airport $6,987,437,906
4Port of New Orleans $2,011,001,935
5Los Angeles International Airport $1,507,778,319
6Boston’s Logan International Airport $1,235,043,781
7Cleveland’s Hopkins International Airport, Ohio $1,158,828,378
8Philadelphia International Airport $1,069,883,754
9San Francisco International Airport, Calif. $1,068,680,475
10Salt Lake City International Airport, Utah $955,380,938

U.S. trade with Switzerland rose to $45.78 billion through September

Switzerland’s trade with the United States rose to $45.78 billion through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.76 percent below its total trade during the same time period last year. U.S. exports to Switzerland decreased 25.5 percent while U.S. imports from Switzerland rose 9.3 percent. The U.S. deficit with Switzerland was $19.19 billion.

Through September, 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 Los Angeles International Airport and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 64.54 percent of Switzerland’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 15.08 percent to $11.58 billion.
    Exports fell 29 percent to $5.77 billion. Imports rose 5.45 percent to $5.81 billion.
  • Trade with No. 2 Port of Newark rose 26.03 percent to $7.46 billion.
    Exports fell 15.99 percent to $183.23 million. Imports rose 27.64 percent to $7.27 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 27.6 percent to $6.99 billion.
    Exports fell 26.59 percent to $414.92 million. Imports rose 33.83 percent to $6.57 billion.
  • Trade with No. 4 Port of New Orleans rose 6.08 percent to $2.01 billion.
    Exports rose 22.39 percent to $613.28 million. Imports rose 0.22 percent to $1.4 billion.
  • Trade with No. 5 Los Angeles International Airport fell 52.39 percent to $1.51 billion.
    Exports fell 70.05 percent to $719.57 million. Imports rose 3.07 percent to $788.21 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 $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Switzerland by value through September were the categories of Gold; Jewelry, parts; Paintings, drawings and other artwork; Plasma, vaccines, blood; and Diamonds, not mounted, respectively. They accounted for 48.2 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 60.68 percent of all inbound shipments.

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

  • Gold fell 68.32 percent compared to last year to $1.79 billion.
  • Jewelry, parts rose 1.54 percent compared to last year to $1.41 billion.
  • Paintings, drawings and other artwork fell 29.66 percent compared to last year to $1.15 billion.
  • Plasma, vaccines, blood fell 0.57 percent compared to last year to $1.13 billion.
  • Diamonds, not mounted fell 13.24 percent compared to last year to $937.2 million.

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

  • Medicines in individual dosages rose 16.83 percent compared to last year to $9.78 billion.
  • Value added to a returned import rose 22.79 percent compared to last year to $5.03 billion.
  • Heterocyclic chemical compounds fell 29.04 percent compared to last year to $1.73 billion.
  • Plasma, vaccines, blood rose 22.43 percent compared to last year to $1.71 billion.
  • Wrist and pocket watches, not precious metals rose 6.58 percent compared to last year to $1.46 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.

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