Swiss customs, imports, and exports: the key points at a glance

Swiss customs, imports, and exports: the key points at a glance
Port of Switzerland

Foreign trade is an important pillar of the Swiss economy. With an export surplus of 26.6 billion francs (2013), the country generates a significant proportion of its wealth through the exporting of it goods and services. Switzerland has one of the world's densest networks of free trade agreements – including with the EU and China – ensuring smooth and efficient international trade. These agreements simplify the import and export business with Switzerland's ten most important trading partners, which include Germany, the USA, Italy, France, China, and the UK. In 2013, Germany exported the most to Switzerland (a total of 52.4 billion francs) and also imported a high volume from Switzerland (39.3 billion francs). The USA imported goods to the value of 24.8 billion francs and exported goods amounting to 11.4 billion francs in the same period. Austria, the Netherlands, Spain and Hong Kong are also among Switzerland’s ten largest trading partners. Straightforward and transparent statutory conditions and a modern customs procedure form a solid foundation for international trade relations. They enable international companies to enhance their supply chain and to gain significant competitive advantages over their competition. The inward processing and weight duty are among the statutory provisions that simplify international trade. Under certain circumstances, goods that are temporarily being imported to Switzerland for inward processing are exempt from customs duty. The same applies to goods that are temporarily being exported to other countries. The weight duty concept primarily benefits the luxury goods industry as goods of a high value and low weight are often imported here. Mutual recognition agreements Switzerland has in place with the EU and with Canada also simplify international trade in that they dismantle technical barriers to trading by harmonizing product legislation on a large scale. The very low value added tax of 8%, compared to other countries, offers an additional benefit for Switzerland with regards to international trade.

 
 
 
 

Global,

Foreign trade is an important pillar of the Swiss economy. With an export surplus of 26.6 billion francs (2013), the country generates a significant proportion of its wealth through the exporting of it goods and services. Switzerland has one of the world's densest networks of free trade agreements – including with the EU and China – ensuring smooth and efficient international trade. These agreements simplify the import and export business with Switzerland's ten most important trading partners, which include Germany, the USA, Italy, France, China, and the UK. In 2013, Germany exported the most to Switzerland (a total of 52.4 billion francs) and also imported a high volume from Switzerland (39.3 billion francs). The USA imported goods to the value of 24.8 billion francs and exported goods amounting to 11.4 billion francs in the same period. Austria, the Netherlands, Spain and Hong Kong are also among Switzerland’s ten largest trading partners. Straightforward and transparent statutory conditions and a modern customs procedure form a solid foundation for international trade relations. They enable international companies to enhance their supply chain and to gain significant competitive advantages over their competition. The inward processing and weight duty are among the statutory provisions that simplify international trade. Under certain circumstances, goods that are temporarily being imported to Switzerland for inward processing are exempt from customs duty. The same applies to goods that are temporarily being exported to other countries. The weight duty concept primarily benefits the luxury goods industry as goods of a high value and low weight are often imported here. Mutual recognition agreements Switzerland has in place with the EU and with Canada also simplify international trade in that they dismantle technical barriers to trading by harmonizing product legislation on a large scale. The very low value added tax of 8%, compared to other countries, offers an additional benefit for Switzerland with regards to international trade.

 
 
 
 

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Fact Sheet
  • Swiss Business Hub India
    Senior Investment Advisor
    502 Dalamal House, 5th Floor, 206, Jamnalal Bajaj Marg, Nariman Point, Mumbai
    +91 22 4343 56 00
  • Swiss Business Hub India
    Head of Swiss Business Hub India
    502 Dalamal House, 5th Floor, 206, Jamnalal Bajaj Marg, Nariman Point, Mumbai
    +91 22 4343 56 00