Swiss exports to US rise in 2025 despite tariffs

ZURICH, Jan 29 (Reuters) - ⁠Switzerland's exports ⁠to ‍the United States rose 3.9% in 2025, the federal customs office said on Thursday, ‍outpacing overall export growth despite the Alpine ​country facing some of the highest U.S. tariffs worldwide.

Washington in ​April threatened to impose a 31% tariff rate on Swiss goods but ultimately hit Switzerland with a 39% rate when ​it applied the levy in August.

The Trump administration said the tariffs were justified by the ​size of the U.S. trade deficit with Switzerland.

The United States later cut ‌those tariffs to 15% in November after striking a deal with Switzerland, putting the ​country on a level playing ⁠field with the European Union.

Excluding gold, other precious metals, precious stones, gems, artworks ‌and antiques, Swiss exports to the U.S. hit 54.7 billion Swiss francs ($71.4 billion) in 2025, the data ‌showed. Swiss imports of U.S. goods fell by 5.7% to 13.3 ‌billion francs.

Swiss companies front-loaded goods exports to the United States in anticipation of tariffs, which President Donald Trump said ‍he wanted during his election campaign.

Overall, Swiss exports rose 1.4% to a record ⁠287 billion francs last year, driven by chemical and pharmaceutical products, which made up over half the total, the data showed.

($1 = 0.7660 Swiss francs)

(Reporting by Ariane LuthiEditing by Bill Berkrot)

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