Why does gold weigh so heavily here?

The US$ 1.33 billion in gold is more than three quarters of Brazilian exports to the country, and Switzerland is one of the world's largest gold refining hubs. Without that chapter, the export basket would drop to about US$ 370 million and the bilateral deficit would be far wider.

Brazil × Switzerland January–October 2026 — Foreign trade

Switzerland

What Brazil sold to and bought from Switzerland in January–October 2026: exports, imports, trade balance and the most traded HS4 chapters.

Brazil ran a US$ 298.3 million trade deficit with Switzerland in January–July 2026, exporting US$ 1.70 billion against US$ 2.00 billion in imports.

Both sides are extremely concentrated. On exports, unwrought gold accounts for US$ 1.33 billion — 78% of the basket — and every other line falls below US$ 60 million. On imports, blood products lead at US$ 665.0 million, followed by medicaments and organic compounds: the pharmaceutical complex dominates. Browse the SH4 chapters below to drill into a specific commodity.

In trade with Switzerland, Brazil closed January–October 2026 with a deficit of US$ 613.82M.

Brazil sold US$ 2.46B and bought US$ 3.08B, across 815 SH4 headings with data.

Exports BR → Switzerland

US$ 2.46B

Imports Switzerland → BR

US$ 3.08B

BR trade balance

-US$ 613.82M

deficit · 815 headings with data

Top exports Brazil → Switzerland


1	7108	Gold (including gold plated with platinum), unwrought or in semi-manufactured forms, or in powder form	1,893,925,009	17.98	105,311.666
2	1701	Cane or beet sugar and chemically pure sucrose, in solid form	100,703,270	289,196.71	0.348
3	0901	Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion	83,818,632	14,224.98	5.892
4	2710	Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con	55,283,613	60,668.75	0.911
5	2601	Iron ores and concentrates, including roasted iron pyrites	55,174,378	1,049,960	0.053
6	0207	Meat and edible offal, of the poultry of heading No 0105, fresh, chilled or frozen	48,855,371	15,620.47	3.128
7	9021	Orthopaedic appliances, including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other appliances which are worn or carried, or implanted in the body, to compensate for a defect	28,310,567	64.45	439.257
8	1201	Soya beans, whether or not broken	22,455,188	52,750	0.426
9	7208	Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated	15,119,531	22,541.95	0.671
10	2709	Crude oil from petroleum and bituminous minerals	13,288,000	24,917.64	0.533
11	2901	Acyclic hydrocarbons	13,161,744	3,248.09	4.052
12	9018	Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight-testing instruments	13,071,824	8.9	1,469.074
13	4810	Paper and paperboard, coated on one or both sides with kaolin (china clay) or other inorganic substances, with or without a binder, and with no other coating, whether or not surface-coloured, surface-decorated or printed, in rolls or rectangular (includin	9,191,510	10,072.63	0.913
14	3913	Natural polymers (for example, alginic acid) and modified natural polymers (for example, hardened proteins, chemical derivatives of natural rubber), not elsewhere specified or included, in primary forms	8,833,003	60.02	147.165
15	7207	Semi-finished products of iron or non-alloy steel	7,835,270	15,067.83	0.520
16	9701	Paintings, drawings and pastels, executed entirely by hand, other than drawings of heading 4906 and other than hand-painted or hand-decorated manufactured articles; collages and similar decorative plaques	7,138,066	1.21	5,889.493
17	7213	Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel	5,635,943	10,154.85	0.555
18	3002	Human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and modified immunological products, whether or not obtained by means of biotechnological processes; vaccines, toxins, cultures of micr	4,504,099	0.01	346,469.154
19	0202	Meat of bovine animals, frozen	4,018,045	566.79	7.089
20	6814	Worked mica and articles of mica, including agglomerated or reconstituted mica, whether or not on a support of paper, paperboard or other materials	3,592,889	303.94	11.821

Top imports Switzerland → Brazil


1	3002	Human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and modified immunological products, whether or not obtained by means of biotechnological processes; vaccines, toxins, cultures of micr	993,055,991	145.84	6,809.309
2	3004	Medicaments (excluding goods of heading 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings	268,890,256	339.91	791.058
3	2928	Organic derivatives of hydrazine or hydroxylamine	251,825,318	3,490.01	72.156
4	2933	Heterocyclic compounds with nitrogen hetero-atom(s) only	157,133,851	1,547.47	101.542
5	2710	Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con	94,695,939	106,549.36	0.889
6	2924	Carboxyamide-function compounds; amide-function compounds of carbonic acid	82,190,834	13,844.51	5.937
7	9021	Orthopaedic appliances, including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other appliances which are worn or carried, or implanted in the body, to compensate for a defect	77,727,787	26.47	2,936.226
8	2934	Nucleic acids and their salts, whether or not chemically defined; other heterocyclic compounds	70,721,387	389.57	181.536
9	9102	Wristwatches, pocket-watches and other watches, including stopwatches, other than those of heading 9101	62,291,924	20.41	3,051.731
10	2711	Petroleum gases and other gaseous hydrocarbons	58,408,363	53,321.04	1.095
11	0901	Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion	52,772,687	1,926.33	27.396
12	9027	Instruments and apparatus for physical or chemical analysis (for example, polarimeters, refractometers, spectrometers, gas or smoke analysis apparatus); instruments and apparatus for measuring or checking viscosity, porosity, expansion, surface tension or	35,566,608	54.58	651.690
13	8802	Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles	35,407,749	14.99	2,362.879
14	8422	Dishwashing machines; machinery for cleaning or drying bottles or other containers; machinery for filling, closing, sealing or labelling bottles, cans, boxes, bags or other containers; machinery for capsuling bottles, jars, tubes and similar containers; o	33,115,774	199.58	165.930
15	1806	Chocolate and other food preparations containing cocoa	27,987,415	1,746.13	16.028
16	9018	Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight-testing instruments	27,566,525	83.01	332.107
17	2936	Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent	24,424,103	2,445.64	9.987
18	2932	Heterocyclic compounds with oxygen hetero-atom(s) only	23,436,009	69.74	336.053
19	8479	Machines and mechanical appliances having individual functions, not specified or included elsewhere in this chapter	22,623,623	172.94	130.822
20	2918	Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives	19,358,469	734.96	26.339

Frequently asked questions

How large is the Brazil–Switzerland trade balance in January–July 2026?

Brazil records a US$ 298.3 million deficit: US$ 1.70 billion exported against US$ 2.00 billion imported. The gap equals roughly 8% of total bilateral trade in the period.

What does Brazil export most to Switzerland?

Unwrought gold leads at US$ 1.33 billion, alone 78% of the basket. The next lines are far smaller: cane sugar (US$ 57.7 million), iron ores (US$ 55.2 million), coffee (US$ 43.9 million) and poultry meat (US$ 38.9 million).

What does Brazil import from Switzerland?

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