In 2024, exports of services totalled 164 billion Swiss Francs, and services imports amounted to 179 billion Swiss Francs. Services therefore accounted for more than a third of total trade. A trade deficit can be witnessed since 2016. Trade in services has increased by 41% since 2014.
The European Union is the most important trading partner ((38% of exports of services, 40% of imports), followed by the United States, which accounts for 24% of Switzerland's trade in services. Switzerland has a trade deficit of CHF 15 billion and CHF 16 billion with each of these partners. The United States lead the ranking by country, followed by Germany and the United Kingdom and other European countries. The most important export sectors are licence fees, financial services, followed by IT, telecommunications and information services, and tourism.
In 2023, Switzerland was home to around 14,000 foreign multinationals in the services sector, providing more than 416,000 jobs. Services provided by persons temporarily present in Switzerland are mainly provided by service providers from the EU.
The “Services Trade Cockpit” is an interactive overview of the most important statistics on trade in services with the main trading partners.
