CH-IRL bilateral trade: a continous rise
Over the last few years, bilateral trade between Ireland and Switzerland has grown steadily, reflecting the close ties that both countries enjoy, not only politically and culturally but also commercially.
In 2023, the trade volume between Switzerland and Ireland amounted to CHF 6.3 billion (excluding gold bullion and other precious metals, coins, precious and semi-precious stones, as well as works of art and antiques). Switzerland has traditionally had a high trade deficit with Ireland.
The main goods traded either way between Switzerland and Ireland are chemical products, pharmaceutical products and machinery. Trade in services is also a significant component of bilateral economic relations: in 2023, services worth CHF 3.5 billion were exported from Switzerland to Ireland, while services worth CHF 3.3 billion were imported from Ireland. Compared to 2022, the trade in services increased in both directions.
