Switzerland

159M €
Exports
2023
2004 January2024 March
170M €
Imports
2023
2004 January2024 March

Infograafikud

Switzerland is the 23rd largest export partner of Estonia. In 2023, Estonia's exports to Switzerland amounted to €159M and imports from Switzerland to €170M, resulting in negative trade balance of €10.4M.

Exports

2023

In 2023, Estonia's exports to Switzerland amounted to €159M, making it the 23rd largest export partner in the world. Compared to the previous year, exports from Estonia to Switzerland experienced decline at an annualized rate of 37.3%, from €254M in 2022 to €159M in 2023. Most recently, exports were led by communication equipment, which represent 9.22% of the total exports to Switzerland, followed by oils and other products of coal tar, which account for 7.91%.

Imports

2023

In 2023, Estonia's imports from Switzerland ammounted to €170M, making it the 18th largest import partner in the world. Compared to the previous year, imports from Switzerland to Estonia experienced decline at an annualized rate of 30.7%, from €245M in 2022 to €170M in 2023. Most recently, imports were led by gold, which represent 43% of the total imports from Switzerland, followed by medicaments consisting of two or more constituents..., which account for 43%.

Trade Balance

As of 2024 March, Estonia had positive trade balance of €3.89M with Switzerland. In 2023 March, it had negative trade balance of €3.17M.