Switzerland's Economic Impact in the United States Creating Jobs and Supporting the U.S. Economy

www.swissemb.org Cover photograph © FDFA Windows of a Minergie® building – St. Gallen, Switzerland The building was designed by renowned Swiss architect duo Herzog and de Meuron and houses offices of an insurance group as well as the University of St. Gallen. The building illustrates Swiss innovation not only in design but also in sustainability, whilst bringing together successful business with high-level education. TABLE OF CONTENTS

Ambassador’s Foreword 4 Executive Summary 5 I. Swiss Direct Investment 6 II. Impact of Swiss Affiliates 8 III. U.S. Trade with Switzerland 16 IV. U.S. Services Sales through Affiliates in Switzerland 17 Swiss Economic Impact in the United States 18 Swiss Economic Impact in Individual States 19 Appendix 70 Methodology 72 Swiss Business Hub USA 74 AMBASSADOR’S FOREWORD

In 2019, the United States, and with it the whole major European economies. Both the United States world, celebrated the 50th anniversary of the and Switzerland consistently top the rankings as first moon landing. A little-known fact about this some of the most innovative and competitive historic achievement is that the first “flag” on the economies in the world and once again this year, moon was actually the flag-like Solar Wind Switzerland is the number one foreign investor in Composition Experiment, an aluminum sail research and development (R&D) in the United designed by the University of Bern in Switzerland States. An increasing number of Swiss companies and put in the soil by the astronauts immediately have established or expanded U.S.-based appren- after landing. Half a century later, I have to grudg- ticeship programs and are actively contributing to ingly acknowledge that if the first “flag” on the workforce development. moon was Swiss, it was American technology and ingenuity that brought it there. All joking On the whole, these are excellent conditions under aside—today, as in 1969, we realize that the which to start my tenure in Washington, D.C. Of cooperation between the United States and course I do not intend to sit back, relax and enjoy Switzerland is much more than the sum of its parts. this economic success story. There is still untapped potential for further strengthening our ties. Continuing The success story of U.S.-Swiss relations is a to expand the economic relationship between our prime example of successful, mutually beneficial two countries could lead to even more promising bilateral cooperation, and dates back to the origins business opportunities. We can build on the very of modern statehood. In 1848, the U.S. Constitution active political dialogue that has taken place recently served as an inspiration for the establishment of between Switzerland and the United States, and the modern Swiss Confederation, reinforcing the which culminated in the first bilateral visit of a idea of the two countries as “sister republics.” The president of the Swiss Confederation to the White many Swiss immigrants who settled in the United House. In exploratory talks, both governments have States also greatly contributed to the history of our also recognized the potential benefits of concluding relations. This common history and our shared a free trade agreement. Such an agreement would values—including democracy, the free market promote additional Swiss investment, job creation economy, innovation and entrepreneurship—pro- and workforce development in the United States. It vided a firm basis for our relations to flourish. More would also open up opportunities for the United than 200 years after the founding of the United States in the high-quality, high-value Swiss market. States, the nature of our cooperation and friend- A free trade agreement would deepen our bilateral ship spans from economics and politics to sports trade ties and strengthen innovation and global to culture and science. Ever since the United States competitiveness for both countries. was founded, Switzerland has always been a trusted and trustworthy partner. Let’s take this successful cooperation between our two economic powerhouses to the next level. If we This document contains many impressive figures! went to the moon together 50 years ago, today we Switzerland’s comparatively small size would make can reach for the stars. it only the 42nd largest U.S. state, and yet Switzerland is the United States’ 7th largest foreign investor. With a population of only 8 million, cumulative Jacques Pitteloud Swiss direct investment has amounted to over Ambassador of Switzerland to the $309 billion, rivaling or surpassing most other United States of America

4 EXECUTIVE SUMMARY

Swiss Investment Swiss firms strengthen the American economy Trade is also an integral part of the business relation- Strengthens and represent a substantial economic presence ship between the United States and Switzerland. the U.S. Economy in the United States. Large Swiss firms, with well- Swiss firms shipped about $17 billion in goods from • $310 billion in known names such as ABB, Credit Suisse, Nestlé, their U.S. operations in 2016, amounting to five cumulative invest- and Novartis, along with many smaller companies, percent of all foreign-affiliated merchandise exports ment, 7th contribute substantially to the economic well-being from the United States to the world. In 2018, U.S. • 471,000 Swiss- of the United States, supporting hundreds of thou- merchandise exports to Switzerland totaled $22 affiliated jobs, 7th sands of American jobs. Switzerland is also a major billion, making the country one of the top 20 export • Jobs in all 50 states destination for exports of goods and services, which markets worldwide for the United States. American • $10.6 billion in generate billions of dollars in sales every year. firms ship a variety of goods to Switzerland, ranging R&D spending, 1st from primary metals and chemicals to electronics and transportation equipment. More than 70,000 • $101,800 average Switzerland is one of the largest foreign investors salary, 1st (among in America. As of the end of 2018, Switzerland had American jobs were supported by goods shipped large investing invested $310 billion cumulatively in the United States from the United States to Switzerland. countries) and ranked as the United States’ seventh-largest • 93,300 manufactur- foreign direct investor. Swiss investment rivals that of While the United States imports more goods from ing jobs, 6th other large foreign investors with much larger econo- Switzerland than it exports, overall bilateral trade is • 21,600 R&D jobs, 4th mies and populations, including France and Ireland. much more balanced when trade in services is taken In fact, the United States is the largest recipient of into account as the United States enjoys a services • $17 billion in Swiss- affiliated goods Swiss outward investment. trade surplus with Switzerland. At $39 billion in exports, 6th 2018, the United States sold more services to • $6 billion in U.S. Swiss companies are active investors in the manu- Switzerland than manufactured goods. income taxes, 6th facturing, wholesale, retail, and service sector of the Representing five percent of U.S. services exports American economy. Swiss affiliates are especially worldwide in 2018, Switzerland was the sixth-largest powerful contributors in pharmaceuticals and medi- market for U.S. services, ahead of Germany and U.S. Trade with cine, and in food manufacturing. To bolster their U.S. Mexico. Exports of services from the United States Switzerland Bolsters investments, in 2016, the latest year of available data to Switzerland supported nearly 200,000 American the U.S. Economy from the U.S. government, Swiss firms spent jobs in 2017. • $22.2 billion in U.S. nearly $11 billion on R&D activities in the United goods exports, 18th States, ranked first among all foreign investing Affiliate Employment by Country • 72,745 U.S. jobs countries, and supported 21,600 R&D-related jobs supported by in the United States. 98,000 goods exports U.S. Affiliate Jobs in Switzerland (2017) • $37.3 billion in In 2016, Swiss affiliates supported 471,000 American jobs nationwide at an average of salary U.S. services 471,000 exports, 6th of just over $100,000. Swiss firms placed first in • 198,595 U.S. jobs annual salaries paid to U.S. workers by foreign firms Swiss Affiliate Jobs in the United States (2016) supported by among large investing countries. Swiss firms services exports accounted for more than 193,000 American manu- U.S. Trade with Switzerland in 2018 • $75 billion in ser- facturing jobs, composing eight percent of all foreign- vices sold through affiliated manufacturing jobs in 2016. U.S. affiliates in Services $22 B Switzerland, 5th Swiss firms sustain American jobs in every state. $39 B Swiss affiliate employment was highest in California, New York, Texas, New Jersey, and Illinois in 2016. New jobs were added in 32 states between 2011 and $41 B 2016, with the largest gains in California, Minnesota, $22 B Goods Ohio, Tennessee, and New Hampshire. More than 500 Swiss companies have operations in the United U.S. Exports to U.S. Imports from States. Many have multiple affiliates in numerous Switzerland Switzerland states, accounting for a total of nearly 3,800 affiliates.

5 I. SWISS DIRECT INVESTMENT

United States Is Top Destination for Swiss Swiss Direct Investment Abroad Direct Investment Abroad by Country through 2017

The United States is by far the most important destination Oceania 1.3% for Swiss foreign direct investment (FDI). By the end of Canada Africa 2017, more than one-fifth of total outward Swiss invest- 3.2% 0.9% ment stock was in the United States. This is about as much as in Ireland, the United Kingdom, France, and Germany, and more than all Swiss investment in Central Asia United States and South America combined with Asia. The second most 9.7% important destination for outward Swiss investment is 20.6% Luxembourg, followed by the Netherlands. Central & South America At 55 percent, Europe is the largest regional recipient of 9.8% Luxembourg Swiss direct investment. Less than one percent of cumu- Luxembourg Rest of Europe 12.1%14.0% lative Swiss foreign direct investment is in Africa. 10.7%

Netherlands 11.5% Germany Ireland 4.0% France 5.7% 4.2% United Kingdom 4.4%

Finance and Holding Companies Sector Swiss Direct Investment Abroad Makes Up Largest Share of Swiss Direct by Industry through 2017 Investment Abroad

Finance and holding companies is the most important sector for Swiss direct investments abroad, making up nearly two-fifths of total Swiss investment overseas. Other Investment by other services companies made up an Manufacturing additional 28 percent of Swiss investment, with large 20% investments in trade, insurance, and banks. Finance & Holding Companies Chemicals and plastics is the largest manufacturing sector Chemicals & Plastics 39% at 13 percent, followed by other manufacturing and con- Manufacturing struction (10 percent), and electronics, energy, optical, 13% and watchmaking (6 percent). Other Services 28%

6 6 I. SWISS DIRECT INVESTMENT

Swiss Cumulative Direct Investment Cumulative Foreign Direct Investment Reaches $310 Billion in the United States by Country through 2018

Swiss companies have a long history of investing in the large and diversified U.S. economy, which offers domestic 1. United and foreign firms extraordinary business opportunities. Kingdom States and localities nationwide aggressively vie for invest- $561 B ment from Swiss firms, which bring skilled, and often highly paid, jobs to their communities. All Other Countries 2. Canada $1.3 T $524$511 B Switzerland is the seventh-largest foreign direct investor in the United States with $310 billion in cumulative invest- 3. Japan ments by year-end 2018. Switzerland accounted for seven $484 B percent of the $4.3 trillion in foreign direct investment in the United States (FDIUS). At the end of 2018, Switzerland 4. Nether- and six other countries made up 70 percent of all foreign 7. Switzerland lands direct investment in the United States. $310 B $479 B

6. Germany $324 B 5. Luxembourg $356 B

Swiss Cumulative FDIUS Grows by 41 Growth in Cumulative Foreign Direct Investment Percent over Five Years in the United States by Country, 2013–2018

Of the seven largest countries by cumulative foreign direct 1. Canada 129% investment in the United States, Swiss investments rose by 266% more than 40 percent between 2013 and 2018, posting the 2. Netherlands 102% fifth-fastest rate of growth. Investments from Canada grew the fastest, more than doubling during the same period, followed by the Netherlands, which also more than doubled 3. Luxembourg 59% its investments in the United States. Growth of direct invest- ment from Luxembourg and Germany both exceeded 50 4. Germany 52% percent. Swiss investment growth also outpaced investments from Japan at 38 percent, and the United Kingdom at only 5. Switzerland 10 percent between 2013 and 2018. 41%

6. Japan 38%

7. United Kingdom 10%

7 7 II. IMPACT OF SWISS AFFILIATES

Swiss Affiliates Support More than Top Countries in Employment Supported by 470,000 American Jobs U.S. Affiliates of Foreign Companies, 2016

Swiss affiliates create hundreds of thousands of American jobs. In 2016, Swiss investments supported 471,000 jobs across the United States, representing seven percent of the 7.1 million jobs sustained by all foreign affiliates. 1. United Kingdom Switzerland ranked behind four European countries, All Other Countries 1,237,500 Japan, and Canada. 1,943,500 2. Japan Switzerland, along with six other leading countries by this 860,600 measure, accounted for nearly three-quarters of all insourced jobs. 7. Switzerland 3. France 471,000 728,500

5. Canada 4. Germany 6. Netherlands 679,400 692,200 475,200

Swiss Affiliates Increase Jobs by 14 Large Investing Countries by Employment Percent Over Decade Growth Rates at U.S. Affiliates, 2006–2016

Between 2006 and 2016, Swiss firms added more than 1. Canada 4633%% 55,000 new jobs in the United States, posting a growth rate of 14 percent. 2. France 46% Of the seven largest foreign direct investors in the United States, employment at Swiss affiliates grew the fifth-fast- 3. United Kingdom 40% est, outpacing the Netherlands at 11 percent and Germany, whose employment rate contracted by two percent. 4. Japan 36% Employment growth rates from Canadian, French, British, and Japanese affiliates, compared with 10 years earlier, increased more quickly by 2016. 5. Switzerland 14%

6. Netherlands 11%

7. Germany -2%

8 8 II. IMPACT OF SWISS AFFILIATES

Swiss Economic Impact on Employment in the United States Total Jobs Supported by State

WASHINGTON NEW HAMPSHIRE 5,183 9,984 MAINE MONTANA NORTH DAKOTA VERMONT 1,467 3,384 935 871 MINNESOTA OREGON 11,941 8,790 NEW WISCONSIN IDAHO SOUTH DAKOTA YORK MASSACHUSETTS 21,866 1,201 12,703 79,856 1,774 WYOMING MICHIGAN RHODE ISLAND 1,539 621 16,341 CONNECTICUT 11,083 IOWA PENNSYLVANIA NEW JERSEY 37,909 NEBRASKA 5,168 29,470 NEVADA 3,430 OHIO 12,233 INDIANA DELAWARE 2,033 ILLINOIS 13,248 28,954 UTAH 32,055 WEST MARYLAND 11,459 6,249 COLORADO VIRGINIA DISTRICT OF COLUMBIA 2,631 10,207 KANSAS MISSOURI 2,545 VIRGINIA 8,884 KENTUCKY 16,716 13,358 8,885 CALIFORNIA N. CAROLINA 101,912 TENNESSEE 25,072 OKLAHOMA 11,573 ARIZONA 5,649 ARKANSAS S. CAROLINA 13,441 NEW MEXICO 6,358 2,167 10,027 JOBS MISSISSIPPI GEORGIA < 2,500 3,191 ALABAMA 20,282 2,500 - 9,999 TEXAS 4,975 10,000 - 24,999 51,610 LOUISIANA FLORIDA > 25,000 ALASKA 6,424 37,296 923

HAWAII 1,739

Swiss Investment and Trade Sustain Nearly More Than 100,000 California Jobs from Swiss Three-Quarters Million U.S. Jobs Trade and Investment

Swiss businesses contribute to U.S. employment in three pri- Every state in the nation benefits thanks to Swiss trade and mary ways: jobs at U.S. affiliates of Swiss companies; jobs investment. In California alone, jobs supported by Swiss firms supported by U.S. exports of services to Switzerland; and jobs totaled nearly 102,000. Several other large states benefit from tied to U.S. exports of goods to Switzerland. According to the Swiss trade and investment, supporting tens of thousands of latest data, a combined 742,340 American jobs were supported jobs in states such as New York, Texas, New Jersey, and Florida. by the strong bilateral trade and investment relationship between Smaller states also gain from Swiss investment, which bolsters the United States and Switzerland. more than a thousand jobs in states such as South Dakota, Vermont, and Rhode Island. Swiss affiliates accounted for 471,000 of these jobs, followed by at least 198,595 American jobs from services exports to Switzerland, and 72,745 U.S. jobs supported by goods exports.

9 9 II. IMPACT OF SWISS AFFILIATES

Swiss Affiliates Add More Than 7,500 Top States by Swiss Affiliate Job Creation New Jobs in California Over Five Years 2011–2016

Swiss affiliates continue to add new jobs across the 1. California +7,600 United States, in many instances by the thousands. 2. Minnesota +2,700 Between 2011 and 2016, Swiss affiliates added 7,600 new jobs in California, the most in any state. Swiss firms’ 3. Ohio +2,600 employment increased by more than 2,000 jobs in Minnesota, Ohio, and Tennessee during the same time 4. Tennessee +2,400 period. New Hampshire, Arizona, Oregon, and Virginia all 5. New Hampshire +1,800 received at least 1,500 new jobs from Swiss investors between 2011 and 2016, Washington and Illinois also 6. Arizona +1,700 ranked among the top 10 states by this measure. 7. Oregon +1,500

8. Virginia +1,500

9. Washington +1,300

10. Illinois +1,200

Average Salary at Swiss Affiliates Tops Top Countries in Average Salaries by Foreign $100,000 Affiliates in the United States, 2016

American workers at Swiss firms earned an average sal- $101,800 ary (wages + benefits) of $101,800 in 2016, some $38,000 $94,200 $89,000 more than the nation's average private sector salary of $64,300. In 2016, Swiss affiliates had a total payroll of $77,100 $48 billion. $73,800

Among the seven largest countries by affiliate employment in the United States, Swiss firms paid the highest average salary, surpassing firms from Germany, Japan, the United Kingdom, and the Netherlands.

1. 2. 3. 4. 5. Switzer- Germany Japan United Nether- land Kingdom lands

10 10 II. IMPACT OF SWISS AFFILIATES

Swiss Affiliates Rank Sixth in Top Countries in Manufacturing Employment Manufacturing Employment Supported by Foreign Affiliates, 2016

Swiss investments boost American manufacturing 397,000 employment. Swiss firms supported 193,300 manufactur- ing jobs in the United States in 2016, accounting for eight percent of the 2.5 million U.S. manufacturing jobs sup- ported by investments from all foreign firms. Ranked sixth, 287,800 Swiss affiliates employed fewer American manufacturing 275,600 workers than firms from Japan, Germany, the United Kingdom, France, and Canada. However, Swiss firms employed more U.S. manufacturing workers than affiliates 213,300 194,300 193,300 from several other countries, including the Netherlands and Ireland. 159,400

1. 2. 3. 4. 5. 6. 7. Japan Germany United France Canada Switzer- Nether- Kingdom land lands

Food Is Top Manufacturing Sector by U.S. Manufacturing Jobs Supported Swiss Affiliate Employment by Swiss Affiliates, 2016

Swiss affiliates play a sizable role in several manufacturing sectors, supporting tens of thousands of well-paying All Others American factory jobs. Food, chemicals, and computers Machinery 12,900 25,700 and electronics represented more than 70 percent of all Food jobs from Swiss investment in U.S. manufacturing in 2016. 59,900 Electrical Equipment, Swiss investment in U.S. food manufacturing supported Appliances, nearly 60,000 American jobs in 2016. Chemicals manufac- & Components turing, including pharmaceuticals and medicines, was the 16,500 second-largest sector at 56,300 jobs. Plus, Swiss affiliates accounted for 22,000 jobs in computers and electronic Chemicals products, which includes semiconductor manufacturing. Computers & 56,300 Swiss firms also provided 16,500 jobs in electrical equip- Electronic Products ment, appliances, and components manufacturing. 22,000

11 11 II. IMPACT OF SWISS AFFILIATES

Swiss Affiliates Employ more than a Top Countries in Services Employment Quarter Million Americans in Services Jobs Supported by Foreign Affiliates 2016

Swiss services firms provide significant employment in the 460,300 455,300 United States, representing, at 266,700, more than half of 403,500 all Swiss affiliate employment in 2016. Switzerland ranked seventh in affiliate employment in the services sector in 2016. The largest services sector for Swiss affiliates was administration, support, and waste management, which 299,300 supported more than 100,000 jobs in 2016. The second- 266,700 largest services sector was finance and insurance.

3. 4. 5. 6. 7. Canada Japan Germany Nether- Switzer- lands land

Swiss Affiliates Rank Third in Finance and Top Countries in Finance & Insurance Employment Insurance Employment Supported by Foreign Affiliates, 2016

Swiss affiliates invest heavily in the U.S. finance and insur- 81,100 ance sector. In 2016, Swiss finance and insurance firms in the United States employed almost 59,000 U.S. workers, 66,600 trailing only Canada and the United Kingdom. 58,900

The top five countries by this indicator constituted nearly 48,400 70 percent of all insourced finance and insurance jobs. 35,400

1. 2. 3. 4. 5. Canada United Switzer- Japan France Kingdom land

12 12 II. IMPACT OF SWISS AFFILIATES

Swiss Affiliates Outspend All Other Top Countries in R&D Performed Countries in Research and Development by Foreign Affiliates, 2016

Swiss firms contribute substantially to the U.S. R&D base. In 2016, Swiss affiliates accounted for nearly one-fifth of all R&D spending from all foreign affiliates. Ranked first, Swiss firms spent more on R&D in the United States than All Others 1. Switzerland affiliates from the United Kingdom, Japan, Germany, $10.4 B $10.6 B 7. Ireland France, the Netherlands, and Ireland. These seven coun- $3.7 B tries made up 83 percent of all R&D spending by foreign affiliates in 2016. 2. United Kingdom 6. Netherlands $8.9 B $5.2 B

5. France 3. Japan $5.6 B $8.0 B 4. Germany $7.8 B

Swiss Affiliates Fourth in R&D Jobs Top Countries in R&D Employment Supported by Foreign Affiliates, 2016 Research and development activities of Swiss affiliates yield thousands of U.S. jobs. In 2016, Swiss affiliates 27,600 27,500 employed 21,600 R&D workers in the United States, after German, British, and Japanese firms. They also supported 24,200 more U.S. R&D workers than Dutch, Irish, and French 21,600 affiliates.

Swiss investments in pharmaceuticals and medicines gen- 17,200 erated the greatest number of R&D-supported jobs for 15,900 15,700 Americans, employing more than 10,000 workers, the most of any country’s affiliates in the United States in 2016.

1. 2. 3. 4. 5. 6. 7. Germany United Japan Switzer- Nether- Ireland France Kingdom land lands

13 13 II. IMPACT OF SWISS AFFILIATES

Swiss Affiliates Export $17 Billion in Top Countries in Goods Exports Goods by Their U.S. Affiliates, 2016

Swiss affiliates bolster U.S. exports. In 2016, exports of $40.1 B $37.4 B U.S. goods from Swiss firms added up to $17 billion, representing five percent of the $370 billion exported by all foreign affiliates. U.S. affiliates from five other countries (Japan, the United Kingdom, Germany, the Netherlands, $26.1 B and France) each shipped more goods to foreign markets than Switzerland. $17.0 B Fifty-seven percent of all merchandise exports from Swiss $14.5 B $14.2 B affiliates, or $9.6 billion, was exported back to their affiliate parents in Switzerland. In 2016, Swiss affiliates also imported $12.9 billion in goods, with most (65 percent) purchased from affiliates’ parents headquartered in Switzerland. 3. 4. 5. 6. 7. 8. Germany Nether- France Switzer- Canada South lands land Korea

Swiss Affiliates Pay Third-Highest Top Countries in U.S. Income Taxes Paid U.S. Income Taxes by Foreign Affiliates, 2016

Like all companies in the United States, foreign affiliates $12.0 B pay U.S. income taxes. At $6 billion, Swiss firms ranked third, paying more taxes than French or Dutch firms in 2016. Swiss companies in the chemicals sector were responsible for more than 70 percent of Swiss affiliate taxes, at about $4.2 billion.

Taxes from Swiss affiliates, along with firms from Japan, $6.7 B Germany, the United Kingdom, and Canada, totaled about $6.0 B $35 billion in 2016. Collectively, these five countries $5.4 B $4.9 B accounted for nearly three-quarters of the $48 billion in U.S. income taxes paid by all foreign affiliates in the United States in 2016.

1. 2. 3. 4. 5. Japan Germany Switzer- France Nether- land lands

14 14 II. IMPACT OF SWISS AFFILIATES

California Is Home to Largest Number of Swiss Companies and Their Affiliates Ranked by Swiss Companies and Affiliates Number of Companies by State, 2019

420 Swiss companies are present in every U.S. state and the Companies District of Columbia. More than 500 Swiss companies have operations in the United States; many have one or 337 Affiliates more affiliates in multiple states. Together, they account for nearly 3,800 affiliates. California has the most Swiss companies, totaling 120. New York is second at 110 and Illinois is third at 94. 233 222 212 California also ranks first in the number of Swiss affiliates (420), followed by Texas (337), and New York (233). 149 136 120 119 110 105 110 94 87 71 64 60 58 58 57

1. 2. 3. 4. 5. 6. 7. 8. 8. 10. Cali- New Illinois Texas Florida Georgia Pennsyl- Massa- North Michigan fornia York vania chusettsCarolina

Largest Number of Swiss Affiliates in Number of Swiss Affiliates by Industry Sector United States is in Mining, Oil, and Gas in the United States, 2019

More than 500 Swiss mining, oil, and gas affiliates are Mining, Oil, & Gas 510 489 500 located in the United States, which offers direct access to Food 439 one of the world’s largest energy markets. Because 350 America leads in financial services and insurance prod- Financial Services 349 305 ucts, more than 650 affiliates of Swiss financial services and insurance companies operate in the U.S. market. The Insurance 313 274 number of Swiss affiliates in the United States totals more Professional, Scientific, & 287 273 than 1,000 in food, in professional, scientific and technical Technical Services services, and in machinery. Machinery 277 249

Construction 174 171

Logistics & Procurement 172 166

Transportation 158 154

Food & Beverages, Hospitality 154 137

15 15 III. U.S. TRADE WITH SWITZERLAND

Switzerland is Key Export Market for Countries Ranked by U.S. Merchandise Exports U.S.-Made Goods 2018

Besides Swiss companies’ demonstrated commitment to $25.3 B the United States through investments, Switzerland is also $23.2 B a key trading partner for the United States. In 2018, U.S. $22.2 B merchandise exports to Switzerland exceeded $22 billion, $19.5 B making it the 18th largest export market for U.S. goods, behind Australia and Italy, but ahead of the United Arab Emirates and Chile. $15.3 B

Primary metals accounted for one-third of U.S. merchan- dise exports to Switzerland, totaling more than $7 billion in 2018. Other top industries by exports of U.S. goods to Switzerland included chemicals, used merchandise, transportation equipment, and computer and electronic products.

Small U.S. merchandise trade surpluses with Switzerland earlier this decade turned to deficits, reaching nearly $19 16. 17. 18. 19. 20. billion in 2018. Australia Italy Switzer- United Chile land Arab Emirates

U.S. Services Exports to Switzerland Countries Ranked by U.S. Services Exports Rank as Sixth-Largest Worldwide 2018 $48.9 B With $39 billion in 2018, Switzerland was one of the larg- $45.2 B est markets for U.S. exports of services, ranked sixth, trailing Japan, but ahead of Germany and Mexico. In fact, five percent of all U.S. services exports were sold to cus- $39.3 B tomers in Switzerland. Fees for intellectual property usage $34.8 B was the largest segment, at $14 billion in sales, followed $33.9 B by R&D services at $9 billion.

The U.S. surplus in services to Switzerland expanded to $18 billion in 2018 from about $300 million in 2009.

4. 5. 6. 7. 8. Ireland Japan Switzer- Germany Mexico land 16 16 IV. U.S. SERVICES SALES THROUGH AFFILIATES IN SWITZERLAND

U.S. Services Sales through Swiss Top Countries in Services Supplied through Foreign Affiliates Rank as Fifth-Strongest Affiliates of U.S. Companies, 2016 Worldwide

Although U.S. exports of services to Switzerland is a good $117 B measure of the strength of the bilateral economic relation- ship, majority-owned U.S. affiliates located in Switzerland deliver most U.S. services sold in Switzerland. This is because proximity and knowledge of the local market are important when selling services abroad. $78 B $75 B $72 B $68 B Switzerland accounted for five percent of the $1.5 trillion in services supplied by overseas affiliates of U.S. companies in 2016. U.S. companies sold $75 billion in services through affiliates in Switzerland in 2016, which is less than what they sold through affiliates in Canada and Singapore, but more than through those in Japan and Germany.

On the other side, Swiss companies supplied $47 billion in services to U.S. consumers through their majority-owned affiliates in the United States. 3. 4. 5. 6. 7. Canada Singapore Switzer- Japan Germany land

Wholesale Trade Is Top Services Sector Top Services Supplied through Foreign Affiliates for U.S. Sales through Affiliates in of U.S. Companies in Switzerland by Industry, 2016 Switzerland

At more than $26 billion in 2016, wholesale trade led all other sectors in services sold directly through affiliates of U.S. companies in Switzerland, representing more than one-third of these sales. Professional, scientific, and tech- Other nical services was the second-largest industry by this Services measure, composing more than 20 percent of all sales of $23.2 B Wholesale Trade services through U.S. affiliates in Switzerland. Information $26.2 B and retail trade completed the list of top services sectors by sales through U.S. affiliates in Switzerland in 2016.

Professional, Retail Trade Scientific, & $3.8 B Technical Services $15.8 B Information $5.8 B

17 17 SWISS ECONOMIC IMPACT THE UNITED STATES

Employment Supported by Foreign Affiliates, 2016

728,500 U.S. Residents of Swiss Descent 933,084 692,200 679,400

72,745 475,200 471,000 Jobs Supported by Swiss Affiliates 198,595 742,340 Jobs Supported by Services Total Jobs Exports to Switzerland 471,000 Jobs Supported by Goods Swiss affiliates account Exports to Switzerland for 7% of the 7.1 million jobs created by all foreign affiliates in the United States 3. 4. 5. 6. 7. France Germany Canada Nether- Switzer- lands land

Top Goods Exports by Industry from the Top Goods Imports by Industry from United States to Switzerland, 2018 Switzerland to the United States, 2018 Total U.S. Goods Exports to Switzerland $22.2 B Total U.S. Goods Imports from Switzerland $41.1 B

Primary $7.3 B Chemicals $18.9 B Metals

Computer & $4.9 B Chemicals $2.8 B Electronic Products

Machinery $2.7 B Used Merchandise $2.5 B Primary Metals $828 M Transportation Equipment $1.6 B Electrical Equipment, Appliances & Components $800 M Computer & Electronic Products $1.1 B

Top Services Exports by Industry from the Top Services Imports by Industry from United States to Switzerland, 2018 Switzerland to the United States, 2018 Total U.S. Services Exports to Switzerland $37.3 B Total U.S. Services Imports from Switzerland $26.9 B $14.1 B

$8.9 B $5.2 B

$6.5 B $3.7 B $3.4 B $2.3 B $1.9 B $2.4 B $2.3 B

Charges for Research Professional Transport Technical, Charges for Professional Insurance Transport Technical, 18the Use of & & Trade-Related, the Use of & Trade-Related, 18Intellectual Development Management & Other Intellectual Management & Other Property Consulting Business Property Consulting Business SWISS ECONOMIC IMPACT ALABAMA

Employment Supported by Foreign Affiliates, 2016

13,200 Alabama Residents of Swiss Descent 3,885 86

10,700 10,000 Jobs Supported by Swiss Affiliates

2,389 4,975 2,500 Jobs Supported by Services Exports to Switzerland 5,000 Total Jobs Jobs Supported by Goods Exports to Switzerland 2,500 Swiss affiliates account for 2% of the 109,100 jobs created by all foreign affilates in Alabama 3. 4. 5. 6. 7. Germany Canada France Nether- Switzer- lands land

Top Goods Exports by Industry from Top Goods Imports by Industry from Alabama to Switzerland, 2018 Switzerland to Alabama, 2018 Total Alabama Goods Exports to Switzerland $145 M Total Alabama Goods Imports from Switzerland $122 M

Transportation $123 M Chemicals $43 M Equipment

Transportation Chemicals $9.7 M Equipment $35 M

Paper $5.0 M Machinery $26 M

Fabricated $2.6 M Primary Metals $3.0 M Metal Products

Computer & $2.0 M Computer & $2.0 M Electronic Products Electronic Products

Swiss Companies Located in Alabama

Bruderer INEOS Nestlé RUAG Schindler STMicroelectronics Temenos Chubb (ACE) Kuehne + Nagel Oerlikon Russell Stover SGS Sulzer UBS Dufry LafargeHolcim Omya Candies (Lindt) Sika Syngenta Zurich Hoerbiger Leica Geosystems Panalpina

19 19 SWISS ECONOMIC IMPACT ALASKA

Employment Supported by Foreign Affiliates, 2016

5,000 4,600 Alaska Residents of Swiss Descent 3,095 5

Jobs Supported by 2,700 Swiss Affiliates 418 923 Jobs Supported by Services Total Jobs Exports to Switzerland 500 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 3% of the 17,200 jobs 500 400 created by all foreign affiliates in Alaska 1. 2. 3. 4. 5. Canada United Japan Switzer- France Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Alaska to Switzerland, 2018 from Switzerland to Alaska, 2018 Total Alaska Goods Exports to Switzerland $4.2 M Total Alaska Goods Imports from Switzerland $2.0 M

Computer & $1.3 M Fish $3.1 M Electronic Products

Machinery $0.3 M Food $0.8 M

Fabricated $0.06 M Transportation Metal Products $0.1 M Equipment Electrical Equipment, Appliances & Components $0.04 M Machinery $0.08 M

Fabricated Metal Products $0.01 M

Swiss Companies Located in Alaska

Dufry Nestlé Schindler SGS Swissport Trapper's Creek UBS Smoking Company

20 20 SWISS ECONOMIC IMPACT ARIZONA

Employment Supported by Foreign Affiliates, 2016

Arizona Residents of Swiss Descent 17,820 17,600 17,300

769

Jobs Supported by 11,000 3,872 Swiss Affiliates 9,300 8,800 13,441 Jobs Supported by Services Total Jobs Exports to Switzerland 8,800 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 8% of the 108,900 jobs created by all foreign affiliates in Arizona 1. 2. 3. 4. 5. United Canada France Japan Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Arizona to Switzerland, 2018 from Switzerland to Arizona, 2018 Total Arizona Goods Exports to Switzerland $210 M Total Arizona Goods Imports from Switzerland $98 M

Computer & Computer & Electronic Products $56 M Electronic Products $21 M

Transportation Chemicals Equipment $43 M $15 M

Electrical Equipment, Transportation $10 M Appliances & Components $10 M Equipment

Fabricated Electrical Equipment, $9.3 M Metal Products $6.2 M Appliances & Components

Machinery $3.7 M Machinery $8.0 M

Swiss Companies Located in Arizona

Adecco Chubb (ACE) Hoffmann-La Roche Lindt Omya SGS Swissport Bernina Clariant Kuehne + Nagel Nagra Panalpina STA Travel Syngenta Bossard Dufry LafargeHolcim Nespresso Quadrant STMicroelectronics UBS BUNAC (STA Travel) Fisba Leica Geosystems Nestlé Schindler Sulzer Zurich

21 21 SWISS ECONOMIC IMPACT ARKANSAS

Employment Supported by Foreign Affiliates, 2016

Arkansas Residents of Swiss Descent 5,392 6,900 20 6,300 6,100

1,538 4,800 Jobs Supported by Swiss Affiliates 3,500 6,358 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 4,800 Exports to Switzerland Swiss affiliates account for 10% of the 47,000 jobs created by all foreign affilates in Arkansas 1. 2. 3. 4. 5. United France Japan Switzer- Canada Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Arkansas to Switzerland, 2018 from Switzerland to Arkansas, 2018 Total Arkansas Goods Exports to Switzerland $125 M Total Arkansas Goods Imports from Switzerland $34 M

Transportation Fabricated Metal $121 M Equipment Products $10 M

Chemicals $0.4 M Machinery $10 M

Beverages & Computer & Tobacco Products $0.3 M Electronic Products $0.9 M

Plastics & Chemicals Rubber Products $0.3 M $0.4 M

Electrical Electrical Equipment, $0.4 M Equipment $0.2 M Appliances & Components

Swiss Companies Located in Arkansas

ABB Dufry Interhealth (Lonza) Nestlé SGS UBS Zurich Chubb (ACE) Georg Fischer LafargeHolcim Schindler Syngenta

22 22 SWISS ECONOMIC IMPACT CALIFORNIA

Employment Supported by Foreign Affiliates, 2016

117,900 112,700 California Residents of Swiss Descent 102,439

87,500 6,594

72,000 72,000 Jobs Supported by 23,318 Swiss Affiliates 101,912 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods Exports to Switzerland Swiss affiliates account 72,000 for 9% of the 769,200 jobs created by all foreign affiliates in California 1. 2. 3. 4. 4. Japan United France Switzer- Germany Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from California to Switzerland, 2018 from Switzerland to California, 2018 Total California Goods Exports to Switzerland $2.1 B Total California Goods Imports from Switzerland $2.7 B Computer & Chemicals $901 M Electronic Products $543 M

Beverages & Used Merchandise $190 M Tobacco Products $393 M

Computer & $189 M Chemicals $319 M Electronic Products

Transportation $160 M Machinery $275 M Equipment

Primary Metals $82 M Primary Metals $196 M

Swiss Companies Located in California

ABB Comet Export Air Hallmark Aviation LEM Reha Technology Sika TAG Heuer Actelion Credit Suisse Services Lemo Riri SIX Financial Tecan Pharmaceuticals Diamond Hess Collection Life Watch Rolex Information Teuscher Adecco DKB Household Hoerbiger Lindt Rollomatic SKINS Transcontainer Allied T pro (Kuoni) Dufry Hoffmann-La Roche Logitech Rosen Small Precision Transport Allied World Egon Zehnder Hublot Lonza RUAG Tools u-blox American Lamprecht Elma Electronic INEOS Luxoft Safran Vectronix Sonova UBS Transport Emmi Roth Insensation Nagra Scandit Stäubli UVP ARYZTA Endress+Hauser Interhealth (Lonza) Nespresso Schaerer STMicroelectronics (Endress+Hauser) Asendia Evolva IWC Schaffhausen Nestlé Schindler Sulzer Vacheron Constantin Bachem Ferring Jaeger-LeCoultre Nobel Biocare Schleuniger Swatch Viking Cruises Bally Firmenich Jet Aviation Novartis Schmolz + Swiss Post Vitol Barry Callebaut Flare International Katadyn Oerlikon Bickenbach Solutions Vitra Bohi Consulting FRACHT FWO Kaywa Omya Schurter Swiss Re Weatherford Bossard Franke KRISS Paiste Sefar Swisscom Ventures Weidmann Chubb (ACE) gategroup Kuehne + Nagel Panalpina Sensirion Swissport Zurich Cinetyp Georg Fischer Kuhn Rikon Partners Group SFS intec Switzerland Tourism 23 Clariant Ghirardelli (Lindt & LafargeHolcim Piaget SGS Syngenta 23 Comet Sprüngli) Leica Geosystems R&C Valve Repair Siegfried SWISS ECONOMIC IMPACT COLORADO

Employment Supported by Foreign Affiliates, 2016

13,900 Colorado Residents of Swiss Descent 23,506

821

Jobs Supported by Swiss Affiliates 7,500 7,400 7,300 10,207 Jobs Supported by Services 5,800 3,586 Exports to Switzerland Total Jobs 5,800 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 5% of the 107,400 jobs created by all foreign affilates in Colorado 2. 3. 4. 5. 6. Canada Germany Japan France Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Colorado to Switzerland, 2018 from Switzerland to Colorado, 2018 Total Colorado Goods Exports to Switzerland $191 M Total Colorado Goods Imports from Switzerland $812 M Transportation Chemicals $14 M Equipment $295 M

Computer & $9.0 M Machinery Electronic Products $34 M

Computer & Used Merchandise $7.6 M Electronic Products $31 M

Primary Metals $5.9 M Chemicals $8.2 M

Electrical Equipment, Machinery $5.6 M Appliances & Components $6.0 M

Swiss Companies Located in Colorado

ABB DT Swiss INFICON Nagra Russell Stover STMicroelectronics Syngenta Adecco Dufry Interroll Nespresso Candies (Lindt) Sulzer UBS Bernina EM Microelectronics Kuehne + Nagel Nestlé Schindler Swatch Weatherford Chubb (ACE) FRACHT FWO LafargeHolcim Novartis SGS Swiss Re Weidmann Credit Suisse Hallmark Aviation Leica Geosystems Panalpina Sika Swisslog Zurich Diamond Services Mercuria Pilatus Similasan Swissport Diamond Materials Hoerbiger Mikron Tech

24 24 SWISS ECONOMIC IMPACT CONNECTICUT

Employment Supported by Foreign Affiliates, 2016

19,100 18,500 Connecticut Residents of Swiss Descent 8,574

529

12,400 2,454 Jobs Supported by Swiss Affiliates Jobs Supported by Services 8,100 11,083 Exports to Switzerland 7,400 Total Jobs Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 8,100 8% of the 105,300 jobs created by all foreign affiliates in Connecticut 1. 2. 3. 4. 5. Nether- United Germany Switzer- France lands Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Connecticut to Switzerland, 2018 from Switzerland to Connecticut, 2018 Total Connecticut Goods Exports to Switzerland $153 M Total Connecticut Goods Imports from Switzerland $452 M Transportation Machinery Equipment $68 M $136 M

Computer & Computer & Electronic Products $20 M Electronic Products $131 M

Electrical Equipment, Fabricated $20 M $67 M Metal Products Appliances & Components

Fabricated Chemicals $6.9 M Metal Products $47 M

Machinery $5.7 M Used Merchandise $8.1 M

Swiss Companies Located in Connecticut

Agathon Chubb (ACE) Hoffmann-La Roche Lindt RUAG Sulzer Victorinox Allied World Comet IBAG Mercuria S. Karger Swiss Re Vitol Baumer Credit Suisse Kolmar Mikron Schindler Tornos TechnologiesVon Roll Belimo Dara Capital Kuehne + Nagel Neoperl SGS Tradition Zurich Blumer EAO LafargeHolcim Nestlé SIX Financial UBS Breitling Glencore Leica Geosystems Oerlikon Information Vector Controls Bucher Emhart Habasit Glass

25 25 SWISS ECONOMIC IMPACT DELAWARE

Employment Supported by Foreign Affiliates, 2016

3,000 Delaware Residents of Swiss Descent 1,823

2,300 77

Jobs Supported by 1,700 1,600 Swiss Affiliates 656 1,300 2,033 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 1,300 Exports to Switzerland Swiss affiliates account for 5% of the 25,000 jobs created by all foreign affilates in Delaware 2. 3. 4. 5. 6. Germany Canada Japan France Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Delaware to Switzerland, 2018 from Switzerland to Delaware, 2018 Total Delaware Goods Exports to Switzerland $18 M Total Delaware Goods Imports from Switzerland $536 M Plastics & Chemicals Rubber Products $3.4 M $510 M

Transportation Machinery Equipment $1.5 M $14 M

Computer & Chemicals $1.5 M Electronic Products $3.5 M

Nonmetallic Machinery $0.9 M Mineral Products $0.8 M

Electrical Equipment, Computer & $0.8 M $0.4 M Electronic Products Applicances, & Components

Swiss Companies Located in Delaware

Chubb (ACE) Hoerbiger Incyte Nestlé Swisslog UBS Zurich Datwyler Pharma Hoffmann-La Roche INEOS Publicitas Syngenta Packaging

26 26 SWISS ECONOMIC IMPACT DISTRICT OF COLUMBIA

Employment Supported by Foreign Affiliates, 2016

District of Columbia Residents of Swiss Descent 1,796 1,800 32 1,700 1,600 1,500 1,500

Jobs Supported by 999 Swiss Affiliates 2,631 Jobs Supported by Services Total Jobs Exports to Switzerland 1,600 Jobs Supported by Goods Swiss affiliates account Exports to Switzerland for 7% of the 24,300 jobs created by all foreign affilates in the District of Columbia 2. 3. 4. 5. 5. Canada Nether- Switzer- Germany France lands land

Top Goods Exports by Industry from the Top Goods Imports by Industry from District of Columbia to Switzerland, 2018 Switzerland to the District of Columbia, 2018 Total D.C. Goods Exports to Switzerland $21 M Total D.C. Goods Imports from Switzerland $7.6 M

Transportation Printed Matter & $13 M $1.3 M Equipment Related Products

Computer & Used Merchandise $6.7 M Electronic Products $0.9 M

Computer & Electrical Equipment, $0.9 M Electronic Products $0.4 M Appliances & Components

Furniture & Machinery Fixtures $0.2 M $0.3 M

Chemicals $0.1 M Paper $0.2 M

Swiss Companies Located in the District of Columbia

ABB Credit Suisse Hoffman-La Roche Nestlé Swatch Syngenta Vestergaard Barbara Balman Dufry LafargeHolcim Novartis Swiss Post TE Connectivity Frandsen Landscape Design Egon Zehnder Mercuria SITA Solutions UBS Zurich Chubb (ACE) Ferring Nagra Stable DC Swiss Re

27 27 SWISS ECONOMIC IMPACT FLORIDA

Employment Supported by Foreign Affiliates, 2016

Florida Residents of Swiss Descent 36,024 43,900

4,777 31,100 30,300 Jobs Supported by Swiss Affiliates

21,200 37, 296 Jobs Supported by Services 20,000 Total Jobs 20,000 Exports to Switzerland 12,519 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 6% of the 348,800 jobs created by all foreign affilates in Florida 2. 3. 4. 5. 6. Canada France Germany Japan Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Florida to Switzerland, 2018 from Switzerland to Florida, 2018 Total Florida Goods Exports to Switzerland $1.1 B Total Florida Goods Imports from Switzerland $1.2 B

Computer & Primary Metals $665 M $560 M Electronic Products

Computer & Food $127 M Electronic Products $109 M

Transportation Equipment $65 M Machinery $69 M

Chemicals $56 M Used Merchandise $63 M

Used Merchandise $23 M Chemicals $51 M

Swiss Companies Located in Florida

ABB Chubb (ACE) FRACHT FWO INEOS Management Schindler Temenos Abnox CISA LATAM gategroup IWC Schaffhausen MSC SGS UBS Adecco Cotecna Inspection getAbstract Jaeger-LeCoultre Nespresso Signature Brands Vacheron Constantin Akris Credit Suisse Ghiradelli (Lindt & Jet Aviation Nestlé (Hero) Victory Truck & Bus Alevo Davidoff Sprüngli) Keytrade Novartis Sulzer Company (Alevo) Allied T pro (Kuoni) Dufry Givaudan Kuehne + Nagel Panalpina Swatch Villiger Allied World EFG International Götti LafargeHolcim Piaget Swiss Connection VirtaMed Avalon Park Egon Zehnder Hallmark Aviation Lindt Publicitas Swiss Re Weitnauer Bally Elite Simulation Services Lonza RUAG Swissport Zewa Breitling Solutions Hoerbiger M-Industry Russell Stover Syngenta Zurich Bucher Emhart Ferring Hublot Mora Wealth Candies (Lindt) TAG Heuer Glass Firmenich Hygolet

28 28 SWISS ECONOMIC IMPACT GEORGIA

Employment Supported by Foreign Affiliates, 2016

Georgia Residents of Swiss Descent 12,306

25,600 25,000

22,000 894 21,000

Jobs Supported by 5,988 Swiss Affiliates 13,400 20,282 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 13,400 Exports to Switzerland Swiss affiliates account for 6% of the 239,200 jobs created by all foreign affilates in Georgia 3. 4. 5. 6. 7. Canada Germany France Nether- Switzer- lands land

Top Goods Exports by Industry Top Goods Imports by Industry from Georgia to Switzerland, 2018 from Switzerland to Georgia, 2018 Total Georgia Goods Exports to Switzerland $228 M Total Georgia Goods Imports from Switzerland $484 M

Transportation Computer & $123 M $131 M Equipment Electronic Products

Machinery $21 M Machinery $111 M

Chemicals $17 M Chemicals $46 M

Computer & Plastics & $25 M Electronic Products $13 M Rubber Products

Fabricated Electrical Equipment, $12 M $24 M Metal Products Appliances & Components

Swiss Companies Located in Georgia

Abatek Chubb (ACE) Georg Fischer Kuehne + Nagel Optima Stantron SITA Swisstex ABB Clariant Gezolan LafargeHolcim (Elma Electronic) Solis Hotel Syngenta Adecco Corvaglia Ghiradelli (Lindt & Landis+Gyr Panalpina STMicroelectronics UBS Akris Credit Suisse Sprüngli) Leica Geosystems Robatech Stöcklin Universal Alloy Allied World Dartfish Habasit Nagra Schindler Suhner Von Roll Alrol Dufry Hallmark Aviation Nestlé Schleuniger Sulzer Well Diamond Arch Wood Egon Zehnder Services Nikles SFS intec Swatch Wire Saws Protection (Lonza) Fischer Connectors Hitachi Zosen Inova nolax SGS Swiss Re Zurich Bally FRACHT FWO Hublot Novartis SIGVARIS Swissaustral Bibliotheca gategroup Interroll Oerlikon Sika Swissport

29 29 SWISS ECONOMIC IMPACT HAWAII

Employment Supported by Foreign Affiliates, 2016

5,500 Hawaii Residents of Swiss Descent 2,271 4

Jobs Supported by Swiss Affiliates 3,000 800 1,739 Jobs Supported by Services Exports to Switzerland 935 Total Jobs Jobs Supported by Goods 1,300 Exports to Switzerland 1,000 Swiss affiliates account for 800 2% of the 37,200 jobs created by all foreign affilates in Hawaii 2. 3. 4. 5. 6. France United Canada Germany Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Hawaii to Switzerland, 2018 from Switzerland to Hawaii, 2018 Total Hawaii Goods Exports to Switzerland $1.4 M Total Hawaii Goods Imports from Switzerland $22 M

Transportation Computer & $0.4 M $19 M Equipment Electronic Products

Computer & $0.3 M Machinery Electronic Products $0.8 M

Chemicals $0.06 M Used Merchandise $0.1 M

Beverages & $0.05 M Food $0.09 M Tobacco Products

Used Merchandise $0.05 M Wood Products $0.06 M

Swiss Companies Located in Hawaii

Bally Hallmark Aviation Nestlé Swatch Vacheron Wahine Brand Chubb (ACE) Services Publicitas Swissport Constantin Zurich gategroup Jucker Hawaii Schindler UBS

30 30 SWISS ECONOMIC IMPACT IDAHO

Employment Supported by Foreign Affiliates, 2016

2,800 Idaho Residents of Swiss Descent 12,576 5 2,400 2,400

1,800 Jobs Supported by Swiss Affiliates

869 1,774 Jobs Supported by Services Total Jobs 900 Exports to Switzerland 900 Jobs Supported by Goods Swiss affiliates account Exports to Switzerland for 6% of the 15,400 jobs created by all foreign affiliates in Idaho

1. 2. 2. 4. 5. Canada France United Germany Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Idaho to Switzerland, 2018 from Switzerland to Idaho, 2018 Total Idaho Goods Exports to Switzerland $5.4 M Total Idaho Goods Imports from Switzerland $4.5 M

Primary Metals $3.4 M Machinery $1.7 M

Transportation Computer & $1.1 M Equipment $0.5 M Electronic Products

Fabricated Chemicals $0.7 M Metal Products $0.4 M

Electrical Equipment, Machinery $0.4 M Applicances & Components $0.4 M

Computer & Electronic Products $0.3 M Leather Products $0.2 M

Swiss Companies Located in Idaho

LafargeHolcim Nestlé Schindler Swiss Re Syngenta UBS Zurich

31 31 SWISS ECONOMIC IMPACT ILLINOIS

Employment Supported by Foreign Affiliates, 2016

Illinois Residents of Swiss Descent 36,382 42,400 40,400 1,726 36,400

Jobs Supported by 27,900 8,629 Swiss Affiliates 21,700 32,055 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 21,700 Exports to Switzerland Swiss affiliates account for 6% of the 340,500 jobs created by all foreign affiliates in Illinois 2. 3. 4. 5. 6. Japan Germany France Canada Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Illinois to Switzerland, 2018 from Switzerland to Illinois, 2018 Total Illinois Goods Exports to Switzerland $420 M Total Illinois Goods Imports from Switzerland $1.3 B

Chemicals $237 M Machinery $397 M

Transportation Chemicals Equipment $56 M $193 M

Computer & Used Merchandise $36 M Electronic Products $161 M

Electrical Equipment, Machinery $29 M Appliances & Components $109 M

Computer & Fabricated $18 M Electronic Products Metal Products $41 M

Swiss Companies Located in Illinois

Accumation Bircher EROWA J. Schneeberger NUM Schleuniger Swiss International Adecco BONECO Etel Jet Aviation Numerical Precision Schmolz + Air Lines Ahlborn-Galanti Bossard Euromaier Komax Oerlikon Bickenbach Swiss Post Organs Bouquet & EVAC International Kuehne + Nagel Panalpina SGS Solutions Allied World Associates Ewab Kummer Platit SICPA Swiss Re American Lamprecht Bystronic FRACHT FWO LafargeHolcim Polydec Sika Swissport Transport Carlo Gavazzi gategroup Leister Technologies Quadrant Simeno Syngenta Andrea Luehmann Chicago Faucets Georg Fischer Life Watch RAHN Sonova TAG Heuer Asendia (Geberit) Ghiradelli (Lindt & Lindt Reishauer Stahli Teuscher Avanti's Peoria Chubb (ACE) Sprüngli) Medacta Rollomatic STMicroelectronics Tornos Technologies Avendia Publishing Clariant Givaudan Medela Russell Stover Strausak UBS Barry Callebaut Credit Suisse Hoerbiger Micronas Candies (Lindt) Sulzer Vitra Bea 2 B Services Dufry Hotels of Switzerland MSC Rychiger SWAN Analytical Wandfluh Bernina Egon Zehnder INEOS Nespresso Schindler Swatch Ziemer BIG KAISER elipsLife Ionbond Nestlé Schlatter Zurich 32 32 SWISS ECONOMIC IMPACT INDIANA

Employment Supported by Foreign Affiliates, 2016

Indiana Residents of Swiss Descent 38,390 28,500

1,015

Jobs Supported by 16,100 Swiss Affiliates 15,100 3,833 12,900 13,248 Jobs Supported by Services Total Jobs Exports to Switzerland 8,400 Jobs Supported by Goods 8,400 Exports to Switzerland Swiss affiliates account for 4% of the 193,000 jobs created by all foreign affiliates in Indiana 3. 4. 5. 6. 7. France Canada Germany Nether- Switzer- lands land

Top Goods Exports by Industry Top Goods Imports by Industry from Indiana to Switzerland, 2018 from Switzerland to Indiana, 2018 Total Indiana Goods Exports to Switzerland $133 M Total Indiana Goods Imports from Switzerland $1.6 B

Chemicals $73 M Chemicals $1.2 B

Transportation Computer & Equipment $16 M Electronic Products $151 M

Primary Metals $14 M Machinery $113 M

Computer & Electrical Equipment, Electronic Products $9.4 M Applicances & Components $8.0 M

Machinery $6.9 M Food $6.4 M

Swiss Companies Located in Indiana

Arch Wood Comlux Hoffmann-La Roche Landis+Gyr Oerlikon Schindler UBS Protection (Lonza) Endress+Hauser ILAG Lindt Quadrant Swatch Weidmann Autoneum gategroup Kuehne + Nagel Mercuria record (agta record) Swiss Re Zurich Chubb (ACE) Georg Utz LafargeHolcim Nestlé REGO-FIX Syngenta

33 33 SWISS ECONOMIC IMPACT IOWA

Employment Supported by Foreign Affiliates, 2016

4,900 4,600 Iowa Residents of Swiss Descent 13,977 4,500 4,400 76

3,100 Jobs Supported by Swiss Affiliates 1,992 5,168 Jobs Supported by Services Total Jobs Exports to Switzerland 3,100 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 5% of the 60,300 jobs created by all foreign affiliates in Iowa 3. 4. 5. 6. 7. Japan Canada Germany France Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Iowa to Switzerland, 2018 from Switzerland to Iowa, 2018 Total Iowa Goods Exports to Switzerland $46 M Total Iowa Goods Imports from Switzerland $73 M

Chemicals $35 M Chemicals $53 M

Computer & Electronic Products $3.5 M Machinery $10 M

Fabricated Machinery $2.8 M $2.2 M Metal Products

Fabricated Textiles & Fabrics Metal Products $1.1 M $2.0 M

Transportation Computer & Equipment $0.9 M Electronic Products $1.2 M

Swiss Companies Located in Iowa

Bossard Comet Nestlé Schindler Swiss Re Syngenta Zurich Chubb (ACE) LafargeHolcim record (agta record) SFS intec Swissport UBS

34 34 SWISS ECONOMIC IMPACT KANSAS

Employment Supported by Foreign Affiliates, 2016

9,600 Kansas Residents of Swiss Descent 13,923 290

7,500 6,800 6,800 1,794 5,900 Jobs Supported by Swiss Affiliates 8,884 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 6,800 Exports to Switzerland Swiss affiliates account for 12% of the 58,000 jobs created by all foreign affiliates in Kansas 1. 2. 3. 3. 5. Japan United Switzer- Canada Germany Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Kansas to Switzerland, 2018 from Switzerland to Kansas, 2018 Total Kansas Goods Exports to Switzerland $79 M Total Kansas Goods Imports from Switzerland $44 M

Transportation Chemicals $16 M Equipment $32 M

Computer & Electronic Products $19 M Machinery $7.6 M

Fabricated Computer & Metal Products $5.8 M Electronic Products $4.2 M

Electrical Equipment, Food $5.4 M Appliances & Components $0.9 M

Transportation Machinery $5.3 M $0.4 M Equipment

Swiss Companies Located in Kansas

Chubb (ACE) Kuehne + Nagel Limestone Farms Russell Stover SGS Swissport UBS Hoerbiger Kuhn Group Nestlé Candies (Lindt) Swiss Re Syngenta Zurich INFICON LafargeHolcim Schindler

35 35 SWISS ECONOMIC IMPACT KENTUCKY

Employment Supported by Foreign Affiliates, 2016

12,000 11,200 Kentucky Residents of Swiss Descent 10,653 10,800 141 9,400

2,444 Jobs Supported by 6,300 Swiss Affiliates 8,885 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 6,300 Exports to Switzerland Swiss affiliates account for 5% of the 129,400 jobs created by all foreign affiliates in Kentucky 2. 3. 4. 5. 6. Germany France Canada United Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Kentucky to Switzerland, 2018 from Switzerland to Kentucky, 2018 Total Kentucky Goods Exports to Switzerland $25 M Total Kentucky Goods Imports from Switzerland $6.6 B

Computer & Electronic Products $7.9 M Chemicals $3.6 B

Chemicals $7.9 M Machinery $46 M

Fabricated Computer & $3.1 M Metal Products Electronic Products $28 M

Transportation Machinery $1.4 M $25 M Equipment

Beverages & $1.3 M Primary Metals Tobacco Products $18 M

Swiss Companies Located in Kentucky

3A Composites Evolva Givaudan Lazar Anode Netstal Machinery SGS UBS (Schweiter) gategroup Kuehne + Nagel Technologies Omya Starrag-Heckert Zeochem Chubb (ACE) Ghiradelli (Lindt & LafargeHolcim Nestlé Panalpina Syngenta Zurich Clariant Sprüngli) Dufry

36 36 SWISS ECONOMIC IMPACT LOUISIANA

Employment Supported by Foreign Affiliates, 2016

Louisiana Residents of Swiss Descent 3,256 10,400 116

8,100 Jobs Supported by 2,608 Swiss Affiliates 5,800 5,200 6,424 Jobs Supported by Services Total Jobs Exports to Switzerland 3,700 3,700 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 5% of the 67,700 jobs created by all foreign affiliates in Louisiana 2. 3. 4. 5. 6. France Canada Germany Nether- Switzer- lands land

Top Goods Exports by Industry Top Goods Imports by Industry from Louisiana to Switzerland, 2018 from Switzerland to Louisiana, 2018 Total Louisiana Goods Exports to Switzerland $94 M Total Louisiana Goods Imports from Switzerland $155 M

Petroleum & $57 M Chemicals Coal Products $130 M

Minerals & Ores $22 M Machinery $12 M

Fabricated Used Merchandise $4.7 M Metal Products $7.9 M

Computer & Chemicals $4.6 M Electronic Products $1.4 M

Electrical Equipment, Machinery $3.0 M Appliances & Components $1.2 M

Swiss Companies Located in Louisiana

Adecco Franke INEOS MSC SGS Transocean Vitol Chubb (ACE) gategroup LafargeHolcim Nestlé Sulzer UBS Weatherford Clariant GESIPA Fasteners Lindt Panalpina Swissport Viking Cruises Zurich Dufry Hoerbiger Lonza Schindler Syngenta

37 37 SWISS ECONOMIC IMPACT MAINE

Employment Supported by Foreign Affiliates, 2016

Maine Residents of Swiss Descent 2,189 8,600 35

849 Jobs Supported by Swiss Affiliates 3,384 Jobs Supported by Services Total Jobs Exports to Switzerland 2,800 Jobs Supported by Goods 2,500 2,500 Exports to Switzerland 1,800 Swiss affiliates account for 1,200 7% of the 34,200 jobs created by all foreign affiliates in Maine 1. 2. 3. 4. 5. Canada United Switzer- Germany Japan Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Maine to Switzerland, 2018 from Switzerland to Maine, 2018 Total Maine Goods Exports to Switzerland $6.7 M Total Maine Goods Imports from Switzerland $15 M

Transportation Machinery $4.9 M Equipment $2.6 M

Computer & Machinery $0.8 M Electronic Products $1.3 M

Fabricated Chemicals $0.5 M Metal Products $0.4 M

Computer & Transportation $0.3 M Electronic Products $0.4 M Equipment

Used Merchandise $0.3 M Food $0.1 M

Swiss Companies Located in Maine

Chubb (ACE) Kardex Lindt Nestlé Syngenta UBS Zurich Clariant

38 38 SWISS ECONOMIC IMPACT MARYLAND

Employment Supported by Foreign Affiliates, 2016

14,000 Maryland Residents of Swiss Descent 13,142 112

9,500 3,747 Jobs Supported by 8,000 7,600 Swiss Affiliates 11,459 Jobs Supported by Services 5,700 Total Jobs Exports to Switzerland Jobs Supported by Goods 7,600 Exports to Switzerland Swiss affiliates account for 6% of the 118,300 jobs created by all foreign affiliates in Maryland 3. 4. 5. 6. 7. Canada France Germany Switzer- Japan land

Top Goods Exports by Industry Top Goods Imports by Industry from Maryland to Switzerland, 2018 from Switzerland to Maryland, 2018 Total Maryland Goods Exports to Switzerland $48 M Total Maryland Goods Imports from Switzerland $66 M

Transportation Machinery Equipment $22 M $23 M

Computer & Chemicals $6.1 M Electronic Products $12 M

Computer & Electronic Products $5.2 M Chemicals $8.7 M

Machinery $3.6 M Food $7.6 M

Used Merchandise Fabricated $2.6 M Metal Products $2.4 M

Swiss Companies Located in Maryland

Albert Uster Imports DK Contractors Kuehne + Nagel MSC Phoenix Mecano UBS WorldAware Biodenta Dufry LafargeHolcim Nespresso Schindler World Duty Free Zurich Chubb (ACE) Ferrum Lindt Nestlé SGS (Dufry) Credit Suisse Hoffmann-La Roche Lonza Novartis Syngenta

39 39 SWISS ECONOMIC IMPACT MASSACHUSETTS

Employment Supported by Foreign Affiliates, 2016

Massachusetts Residents of Swiss Descent 10,982 22,700 22,600

17,700 3,365 16,200 Jobs Supported by 13,200 Swiss Affiliates 21,866 Jobs Supported by Services Exports to Switzerland 5,301 Total Jobs 13,200 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 6% of the 213,700 jobs created by all foreign affiliates in Massachusetts 3. 4. 5. 6. 7. France Canada Germany Japan Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Massachusetts to Switzerland, 2018 from Switzerland to Massachusetts, 2018 Total Massachusetts Goods Exports to Switzerland $1.2 B Total Massachusetts Goods Imports from Switzerland $1.0 B

Primary Metals $710 M Chemicals $233 M

Computer & Waste & Scrap $129 M Electronic Products $139 M

Chemicals $74 M Machinery $58 M

Computer & Electrical Equipment, $55 M Electronic Products $54 M Appliances & Components

Machinery $20 M Primary Metals $22 M

Swiss Companies Located in Massachusetts

A-Connect Dufry Hoerbiger Lindt Panalpina SOTAX Syngenta Akris Egon Zehnder Hoffmann-La Roche Maxon Precision Runtal (Zehnder) Spirig Advanced TELSONIC Allied World FRACHT FWO INEOS Motors Schindler Technologies Teuscher Analytik Jena Franke Infranor Metalor Schneeberger STMicroelectronics Tradition (Endress+Hauser) gategroup Jet Aviation MSC Schoeller Textil Straumann UBS Bucher + Suter Georg Fischer Jungbunzlauer Nespresso Sika Sustainserv Weidmann Chubb (ACE) Ghirardelli (Lindt) Kuehne + Nagel Nestlé SITA Swatch Zurich Clariant Helbling LafargeHolcim Novartis SIX Financial Swiss Re Credit Suisse Hocoma Leica Geosystems Oerlikon Information Swissport Diamond

40 40 SWISS ECONOMIC IMPACT MICHIGAN

Employment Supported by Foreign Affiliates, 2016

34,000 Michigan Residents of Swiss Descent 23,460 31,800

26,700 660

20,900 Jobs Supported by 5,781 Swiss Affiliates 16,341 Jobs Supported by Services Total Jobs Exports to Switzerland 9,900 9,900 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 4% of the 250,300 jobs created by all foreign affiliates in Michigan 3. 4. 5. 6. 7. Japan United Canada France Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Michigan to Switzerland, 2018 from Switzerland to Michigan, 2018 Total Michigan Goods Exports to Switzerland $274 M Total Michigan Goods Imports from Switzerland $281 M

Transportation Machinery Equipment $206 M $65 M

Fabricated Electrical Equipment, Metal Products $13 M Appliances & Components $34 M

Fabricated Chemicals $11 M Metal Products $30 M

Computer & Computer & Electronic Products $7.9 M Electronic Products $30 M

Machinery $7.1 M Chemicals $15 M

Swiss Companies Located in Michigan

ABB Chubb (ACE) Güdel Liebherr Panalpina Schmolz + Swiss Re Adecco Clariant Ionbond Lindt Pibomulti Bickenbach Swissport APAG Condair Kaba Luxoft Quadrant SGS Syngenta Asendia Dufry Kaiser Optical Metalor record (agta record) Sika TELSONIC AutoForm Eco Physiks Systems Micronas Regloplas Sonceboz Tool-Temp Engineering EMS-EFTEC (Endress+Hauser) Nestlé Rehau Stäubli UBS Autoneum European Kistler Oerlikon Russell Stover STMicroelectronics Zurich Bartschi-Fobro Technology Center Kuehne + Nagel Oetiker Candies (Lindt) Sulzer Bucher Hydraulics Ewab LafargeHolcim Omya Schindler Bühler gategroup LEM

41 41 SWISS ECONOMIC IMPACT MINNESOTA

Employment Supported by Foreign Affiliates, 2016

23,900 Minnesota Residents of Swiss Descent 20,531

19,300 688

15,700 Jobs Supported by Swiss Affiliates 3,953 11,941 Jobs Supported by Services Exports to Switzerland 8,000 Total Jobs 7,300 7,300 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 6% of the 119,700 jobs created by all foreign affiliates in Minnesota 1. 2. 3. 4. 5. Canada United Germany Japan Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Minnesota to Switzerland, 2018 from Switzerland to Minnesota, 2018 Total Minnesota Goods Exports to Switzerland $181 M Total Minnesota Goods Imports from Switzerland $154 M

Computer & Machinery Electronic Products $68 M $58 M

Electrical Equipment, Computer & $32 M $33 M Appliances & Components Electronic Products

Transportation Electrical Equipment, Equipment $13 M Appliances & Components $23 M

Nonmetallic Fabricated $10 M $4.5 M Mineral Products Metal Products

Used Merchandise $6.1 M Chemicals $4.5 M

Swiss Companies Located in Minnesota

Adecco Firmenich Katadyn Lonza Russell Stover Sonova Trikora Bühler FRAISA Kuehne + Nagel Nagra Candies (Lindt) Swatch UBS CEDES Givaudan LafargeHolcim Nespresso Schindler Swissport Zurich Chubb (ACE) Hoegger Food Landis+Gyr Nestlé Schmolz + Syngenta Clariant Technology Lindt Panalpina Bickenbach Dufry Ionbond

42 42 SWISS ECONOMIC IMPACT ON MISSISSIPPI

Employment Supported by Foreign Affiliates, 2016

4,800 Mississippi Residents of Swiss Descent 2,333 22 4,300 4,200 4,000

Jobs Supported by 1,369 Swiss Affiliates 3,191 Jobs Supported by Services Exports to Switzerland 1,800 Total Jobs 1,800 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 5% of the 37,900 jobs created by all foreign affiliates in Mississippi 2. 3. 4. 5. 6. United Germany France Canada Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Mississippi to Switzerland, 2018 from Switzerland to Mississippi, 2018 Total Mississippi Goods Exports to Switzerland $4.8 M Total Mississippi Goods Imports from Switzerland $135 M

Computer & Chemicals Electronic Products $1.3 M $14 M

Agricultural Electrical Equipment, Products $0.5 M Appliances & Components $5.4 M

Computer & Textiles & Fabrics $0.4 M Electronic Products $5.0 M

Fabricated Machinery $0.4 M Metal Products $3.9 M

Fabricated Machinery Metal Products $0.3 M $3.0 M

Swiss Companies Located in Mississippi

ABB Kuehne + Nagel Nestlé Schindler UBS Wey Valve (Sistag) Zurich Dufry LafargeHolcim Phoenix Mecano Syngenta

43 43 SWISS ECONOMIC IMPACT MISSOURI

Employment Supported by Foreign Affiliates, 2016

Missouri Residents of Swiss Descent 24,327 13,100 274

11,800 11,500 10,400 9,200 3,884 Jobs Supported by Swiss Affiliates 13,358 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 9,200 Exports to Switzerland Swiss affiliates account for 8% of the 119,200 jobs created by all foreign affiliates in Missouri 2. 3. 4. 5. 6. Canada Germany France Japan Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Missouri to Switzerland, 2018 from Switzerland to Missouri, 2018 Total Missouri Goods Exports to Switzerland $76 M Total Missouri Goods Imports from Switzerland $130 M

Chemicals $37 M Chemicals $57 M

Used Merchandise $15 M Machinery $38 M

Fabricated Machinery $8.3 M Metal Products $5.3 M

Electrical Equipment, Forestry Products $3.3 M Appliances & Components $3.2 M

Computer & Computer & Electronic Products $3.1 M Electronic Products $3.1 M

Swiss Companies Located in Missouri

ABB Dufry Kuehne + Nagel Russell Stover Sika VC999 Packaging Zurich Bucher Emhart Firmenich LafargeHolcim Candies (Lindt) Swissport Systems Glass gategroup Nestlé Schindler Syngenta (Inauen Group) Chubb (ACE) Hallmark Aviation Panalpina Sefar UBS Services

44 44 SWISS ECONOMIC IMPACT MONTANA

Employment Supported by Foreign Affiliates, 2016

Montana Residents of Swiss Descent 5,741 10 800

Jobs Supported by 300 Swiss Affiliates 935 Jobs Supported by Services Total Jobs Exports to Switzerland 300 300 300 300 625 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 4% of the 7,200 jobs created by all foreign affiliates in Montana 3. 4. 4. 4. 4. France Switzer- Japan Germany Nether- land lands

Top Goods Exports by Industry Top Goods Imports by Industry from Montana to Switzerland, 2018 from Switzerland to Montana, 2018 Total Montana Goods Exports to Switzerland $3.2 M Total Montana Goods Imports from Switzerland $3.7 M

Computer & Computer & Electronic Products $0.5 M Electronic Products $1.3 M

Machinery $0.5 M Machinery $1.1 M

Fabricated Chemicals $0.5 M Metal Products $0.5 M

Transportation Used Merchandise $0.2 M Equipment $0.4 M

Nonmetallic Electrical Equipment, Mineral Products $0.2 M Appliances & Components $0.09 M

Swiss Companies Located in Montana

Chubb (ACE) Oerlikon SGS Syngenta UBS Zurich

45 45 SWISS ECONOMIC IMPACT NEBRASKA

Employment Supported by Foreign Affiliates, 2016

4,800 Nebraska Residents of Swiss Descent 7,788 4,500 31

3,300 Jobs Supported by 1,299 Swiss Affiliates 2,100 3,430 Jobs Supported by Services 1,900 Total Jobs Exports to Switzerland 2,100 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 7% of the 32,100 jobs created by all foreign affiliates in Nebraska 1. 2. 3. 4. 5. Japan United France Switzer- Canada Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Nebraska to Switzerland, 2018 from Switzerland to Nebraska, 2018 Total Nebraska Goods Exports to Switzerland $9.2 M Total Nebraska Goods Imports from Switzerland $358 M

Food $3.9 M Chemicals $343 M

Machinery $1.8 M Machinery $3.6 M

Plastics & Chemicals $1.2 M Rubber Products $2.1 M

Computer & Electrical Equipment, Electronic Products $0.6 M Appliances & Components $1.1 M

Fabricated Food $0.9 M Metal Products $0.2 M

Swiss Companies Located in Nebraska

Chubb (ACE) Hallmark Aviation Lindt Russell Stover Schindler Swissport UBS Dufry Services Nestlé Candies (Lindt) SGS Syngenta Zurich Evolva LafargeHolcim

46 46 SWISS ECONOMIC IMPACT NEVADA

Employment Supported by Foreign Affiliates, 2016

Nevada Residents of Swiss Descent 8,040 6,900

6,000 2,300 Jobs Supported by Swiss Affiliates 12,233 Jobs Supported by Services 3,400 3,200 Total Jobs 1,967 Exports to Switzerland 2,300 Jobs Supported by Goods 7,966 Exports to Switzerland Swiss affiliates account for 5% of the 48,100 jobs created by all foreign affiliates in Nevada 2. 3. 4. 5. 6. United France Germany Japan Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Nevada to Switzerland, 2018 from Switzerland to Nevada, 2018 Total Nevada Goods Exports to Switzerland $3.4 B Total Nevada Goods Imports from Switzerland $129 M

Primary Metals $3.4 B Machinery $46 M

Computer & Chemicals $5.9 M $33 M Electronic Products

Computer & Electrical Equipment, Electronic Products $4.9 M Appliances & Components $8.6 M

Fabricated Machinery $3.6 M Metal Products $3.9 M

Plastics & Used Merchandise $2.1 M Rubber Products $2.6 M

Swiss Companies Located in Nevada

Allied T pro (Kuoni) Chubb (ACE) Hublot IWC Schaffhausen Nagra SGS Thermoplan ARYZTA Dufry Innovative Sensor Jaeger-LeCoultre Nestlé Swatch UBS Bally gategroup Technology Kuehne + Nagel Piaget Swissport Vacheron Constantin Belimo Ghirardelli (Lindt) (Endress+Hauser) LafargeHolcim Schindler TAG Heuer Zurich Breitling Haag-Streit

47 47 SWISS ECONOMIC IMPACT NEW HAMPSHIRE

Employment Supported by Foreign Affiliates, 2016

New Hampshire Residents of Swiss Descent 2,651 10,600 50

933 Jobs Supported by 6,300 Swiss Affiliates 5,183 Jobs Supported by Services 4,200 Total Jobs Exports to Switzerland 3,900 3,800 Jobs Supported by Goods Swiss affiliates account Exports to Switzerland for 10% of the 4,200 43,300 jobs created by all foreign affiliates in New Hampshire 1. 2. 3. 4. 5. United Canada Switzer- Japan France Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from New Hampshire to Switzerland, 2018 from Switzerland to New Hampshire, 2018 Total New Hampshire Goods Exports to Switzerland $21 M Total New Hampshire Goods Imports from Switzerland $139 M

Computer & Machinery $51 M Electronic Products $5.1 M

Computer & Machinery $5.0 M Electronic Products $33 M

Plastics & Nonmetallic Rubber Products $2.9 M Mineral Products $24 M

Fabricated Metal Transportation $2.0 M $9.1 M Products Equipment

Electrical Equipment, Chemicals Appliances, & Components $1.7 M $6.1 M

Swiss Companies Located in New Hampshire

Chubb (ACE) LafargeHolcim Lonza Sulzer Syngenta Unisensor Zehnder Dufry LEM Safran Vectronix Swiss Re UBS Vectronix Zurich Ionbond Lindt Schleuniger

48 48 SWISS ECONOMIC IMPACT NEW JERSEY

Employment Supported by Foreign Affiliates, 2016

46,400 45,500 New Jersey Residents of Swiss Descent 15,895 965

5,944 31,000 Jobs Supported by 27,100 26,100 Swiss Affiliates 37,9 0 9 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 31,000 Exports to Switzerland Swiss affiliates account for 11% of the 283,600 jobs created by all foreign affiliates in New Jersey 1. 2. 3. 4. 5. United France Switzer- Canada Japan Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from New Jersey to Switzerland, 2018 from Switzerland to New Jersey, 2018 Total New Jersey Goods Exports to Switzerland $444 M Total New Jersey Goods Imports from Switzerland $6.1 B

Primary Metals $123 M Chemicals $4.5 B

Computer & Chemicals $390 M $90 M Electronic Products

Used Merchandise $70 M Food $228 M

Computer & Machinery Electronic Products $49 M $218 M

Nonmetalic Electrical Equipment, $47 M Mineral Products Appliances & Components $34 M

Swiss Companies Located in New Jersey

ABB Credit Suisse Hallmark Aviation Ionbond Panalpina SGS Syngenta Actelion Datacolor Services Jet Aviation Perlen Converting Siegfried TAG Heuer Pharmaceuticals Datwyler Pharma Hasselblad Bron Kuehne + Nagel Polytype Sika Transcontainer ARYZTA Packaging Helsinn LafargeHolcim Ricola USA Solvias Transport Asendia DKSH Therapeutics Lindt Rondo Sulzer UBS Barry Callebaut Dufry Hoerbiger Lonza Schaffner EMC Swatch Zurich Bobst Ferring Hoffmann-La Roche Nagra Schindler Swissport Bruderer Firmenich Huber + Suhner Nespresso Schmolz + Swissray CAPSUGEL (Lonza) gategroup Hudson Group Nestlé Bickenbach International Chubb (ACE) Givaudan (Dufry) Novartis

49 49 SWISS ECONOMIC IMPACT NEW MEXICO

Employment Supported by Foreign Affiliates, 2016

New Mexico Residents of Swiss Descent 3,538 2,700 2,600 2,600 12

Jobs Supported by Swiss Affiliates 1,300 1,055 2,167 1,100 Jobs Supported by Services 1,100 Total Jobs Exports to Switzerland Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 6% of the 18,000 jobs created by all foreign affiliates in New Mexico 2. 3. 3. 5. 6. Germany France United Japan Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from New Mexico to Switzerland, 2018 from Switzerland to New Mexico, 2018 Total New Mexico Goods Exports to Switzerland $7.3 M Total New Mexico Goods Imports from Switzerland $50 M

Chemicals $2.7 M Chemicals $41 M

Computer & $0.9 M Machinery Electronic Products $2.4 M

Used Merchandise Computer & $0.4 M Electronic Products $2.1 M

Agricultural Fabricated $0.3 M Products Medical Products $1.4 M

Transportation Machinery $0.2 M Equipment $0.6 M

Swiss Companies Located in New Mexico

ABB Clariant INEOS Northwire (Lemo) SICPA Swissport Zurich Brugg Dufry LafargeHolcim SGS Sulzer UBS

50 50 SWISS ECONOMIC IMPACT NEW YORK

Employment Supported by Foreign Affiliates, 2016

56,700 New York Residents of Swiss Descent 35,486 53,700

42,500 42,200 38,700 Jobs Supported by 27,305 Swiss Affiliates 79,856 38,700 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 8% of the 499,100 jobs 13,851 created by all foreign affiliates in New York 2. 3. 4. 5. 6. France Canada Japan Germany Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from New York to Switzerland, 2018 from Switzerland to New York, 2018 Total New York Goods Exports to Switzerland $7.7 B Total New York Goods Imports from Switzerland $5.7 B

Computer & Primary Metals $2.2 B Electronic Products $1.4 B

Used Merchandise $2.1 B Chemicals $823 M

Computer & Primary Metals Electronic Products $139 M $461 M

Chemicals $31 M Used Merchandise $422 M

Machinery $20 M Machinery $162 M

Swiss Companies Located in New York

AFIAA Bucher Emhart Habasit La Prairie Piaget STA Travel TISCA TIARA Akris Glass Hallmark Aviation LafargeHolcim Precipart Starmind Tradition Allied T pro (Kuoni) Chubb (ACE) Services Lindt Publicitas Sulzer Triumph Allied World Condair Hoffmann-La Roche Lombard Odier Richemont Swatch UBS American LamprechtCréation Baumann Hublot Luxoft Riri Swiss International USM Transport Credit Suisse Hydro-Air M-Industry Roger Dubuis Air Lines Vacheron Constantin American Laubscher Dara Capital Components MSC Rolex Swiss Post Victorinox Antiquorum de Sede (Zehnder) Muller Martini Rotronic Solutions Vitra Appway Dufry INFICON Nagra Schindler Swiss Re Volpi ARYZTA Egon Zehnder Insensation Nespresso Schneider Freight Swissport Von Roll Asendia Emmi Roth IWC Schaffhausen Nestlé Sefar Switzerland Tourism Vontobel Bally Firmenich Jaeger-LeCoultre nightnurse images SGS Syngenta Weleda Beech-Nut FJD (Furrer-Jacot) JakobSchlaepfer Novartis SITA Synpulse Willemin-Macodel Nutrition (Hero) Flatev Karin Herzog Oerlikon SIX Financial TAG Heuer Zkipster Bernina Fogal Kistler Open Systems Information Teuscher Zumbach Electronic Blaser Swisslube gategroup Kuehne + Nagel Panalpina SoftwareONE The Leading Hotels Zurich Bohi Energy GFL USA Kuoni Partners Group Soudronic of The World 51 Breitling Givaudan 51 SWISS ECONOMIC IMPACT NORTH CAROLINA

Employment Supported by Foreign Affiliates, 2016

37,900 North Carolina Residents of Swiss Descent 16,638 590 31,400

25,800 5,682 Jobs Supported by Swiss Affiliates 20,000 18,800 25,072 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 18,800 Exports to Switzerland Swiss affiliates account for 7% of the 260,400 jobs created by all foreign affiliates in North Carolina 1. 2. 3. 4. 5. United Germany Japan France Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from North Carolina to Switzerland, 2018 from Switzerland to North Carolina, 2018 Total North Carolina Goods Exports to Switzerland $86 M Total North Carolina Goods Imports from Switzerland $406 M

Agricultural $24 M Chemicals $101 M Products

Fabricated Chemicals $23 M Metal Products $91 M

Machinery $7.0 M Machinery $77 M

Computer & Computer & Electronic Products $4.6 M Electronic Products $27 M

Plastics & Nonmetallic Rubber Products $4.0 M Mineral Products $21 M

Swiss Companies Located in North Carolina

3A Composites Clariant GESIPA Fasteners Lantal Textiles Nestlé sia Abrasives Swiss Re (Schweiter) Continental Grafix Huber + Suhner Leybold Optics Novartis Simatec Syngenta ABB Credit Suisse Interroll USA (Bühler) Oerlikon Sontara (Jacob Tecan Alevo DKB Household Ionbond Lindt Panalpina Holm & Sons) Treffert Coatings Ascom Dufry Jacob Holm LIST record (agta record) SpanSet UBS Baltek (Schweiter) Element Designs Jakob Mueller LNS Sanitized Steinemann Uster Technologies Barry Callebaut Forbo Kaba Lonza Schaetti Technology Werner Mathis Bühler Aeroglide FRACHT FWO Kuehne + Nagel Maag Automatik Schindler Swiss Made Zurich CAMAG Scientific Georg Fischer LafargeHolcim Max Daetwyler SGS Brands USA Chubb (ACE)

52 52 SWISS ECONOMIC IMPACT NORTH DAKOTA

Employment Supported by Foreign Affiliates, 2016

North Dakota Residents of Swiss Descent 1,580 1,800 1

Jobs Supported by 300 Swiss Affiliates 871 Jobs Supported by Services 800 Total Jobs Exports to Switzerland 600 570 Jobs Supported by Goods 500 Exports to Switzerland Swiss affiliates account 300 for 2% of the 12,600 jobs created by all foreign affiliates in North Dakota 3. 4. 5. 6. 7. United Japan France Germany Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from North Dakota to Switzerland, 2018 from Switzerland to North Dakota, 2018 Total North Dakota Goods Exports to Switzerland $2.1 M Total North Dakota Goods Imports from Switzerland $14 M

Computer & Chemicals Electronic Products $0.9 M $9.8 M

Machinery $0.8 M Machinery $3.1 M

Furniture & Computer & Fixtures $0.2 M Electronic Products $0.4 M

Electrical Equipment, Primary Metals Appliances & Compnents $0.1 M $0.2 M

Plastics & Beverages & Rubber Products $0.04 M Tobacco Products $0.2 M

Swiss Companies Located in North Dakota

Chubb (ACE) Schindler SGS Syngenta UBS Weatherford Zurich LafargeHolcim

53 53 SWISS ECONOMIC IMPACT OHIO

Employment Supported by Foreign Affiliates, 2016

45,900 Ohio Residents of Swiss Descent 70,530

1,854

31,900 Jobs Supported by Swiss Affiliates 24,700 7,400 28,954 Jobs Supported by Services 19,700 19,600 Total Jobs Exports to Switzerland Jobs Supported by Goods 19,700 Exports to Switzerland Swiss affiliates account for 7% of the 267,500 jobs created by all foreign affiliates in Ohio 2. 3. 4. 5. 6. United Germany Canada Switzer- France Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Ohio to Switzerland, 2018 from Switzerland to Ohio, 2018 Total Ohio Goods Exports to Switzerland $333 M Total Ohio Goods Imports from Switzerland $494 M

Chemicals $195 M Machinery $155 M

Fabricated Computer & $118 M Metal Products $46 M Electronic Products

Transportation Chemicals Equipment $30 M $73 M

Computer & Electrical Equipment, $27 M Electronic Products $15 M Appliances & Components

Fabricated $14 M Machinery Metal Products $21 M

Swiss Companies Located in Ohio

ABB Dentronix (Coltène Hallmark Aviation LafargeHolcim Phoenix Mecano SFS intec UBS AISA Whaladent) Services LEM Rosen SGS United Grinding Autoneum Dufry Heule Lindt Schaerer Medical Sika Valtronic Bossard Feintool Hoerbiger LNS Schaffner EMC SITA Von Roll Chubb (ACE) FRACHT FWO INEOS Nestlé Schindler Swisslog Weidmann Coltène/Whaledent gategroup Ionbond Oerlikon Schmolz + Swissport Zurich Comet Givaudan Kern Omya Bickenbach Syngenta Datwyler Sealing Haag-Streit Kuehne + Nagel Panalpina Solutions USA

54 54 SWISS ECONOMIC IMPACT OKLAHOMA

Employment Supported by Foreign Affiliates, 2016

10,000 Oklahoma Residents of Swiss Descent 6,245 8,800 32

Jobs Supported by 2,017 Swiss Affiliates 5,649 Jobs Supported by Services 3,900 3,600 Total Jobs Exports to Switzerland 3,200 Jobs Supported by Goods 3,600 Exports to Switzerland Swiss affiliates account for 7% of the 51,800 jobs created by all foreign affiliates in Oklahoma 1. 2. 3. 4. 5. United France Germany Switzer- Canada Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Oklahoma to Switzerland, 2018 from Switzerland to Oklahoma, 2018 Total Oklahoma Goods Exports to Switzerland $9.2 M Total Oklahoma Goods Imports from Switzerland $38 M

Transportation $2.3 M Primary Metals Equipment $21 M

Chemicals $1.8 M Machinery $6.7 M

Electrical Equipment, Machinery $1.4 M $1.9 M Appliances & Components

Computer & Computer & $1.1 M $1.7 M Electronic Products Electronic Products

Electrical Equipment, Transportation $1.1 M $1.6 M Appliances & Components Equipment

Swiss Companies Located in Oklahoma

ABB Chubb (ACE) LafargeHolcim Panalpina Schindler Swissport Weatherford ACRON Georg Fischer Nestlé Russell Stover SGS Syngenta Zurich Andreae Filters Hoerbiger Oerlikon Candies (Lindt) Sulzer UBS Bernina Kuehne + Nagel

55 55 SWISS ECONOMIC IMPACT OREGON

Employment Supported by Forign Affiliates, 2016

Oregon Residents of Swiss Descent 27,465 17,000

668

Jobs Supported by Swiss Affiliates 9,300 2,422 8,800 8,790 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 5,700 5,500 5,700 Exports to Switzerland Swiss affiliates account for 9% of the 65,300 jobs created by all foreign affiliates in Oregon 1. 2. 3. 4. 5. United Japan Germany Switzer- Canada Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Oregon to Switzerland, 2018 from Switzerland to Oregon, 2018 Total Oregon Goods Exports to Switzerland $350 M Total Oregon Goods Imports from Switzerland $138 M

Computer & Chemicals $311 M $35 M Electronic Products

Computer & $24 M Chemicals Electronic Products $25 M

Machinery $4.9 M Machinery $11 M

Electrical Equipment, Electrical Equipment, $2.4 M Appliances & Components Appliances & Components $4.3 M

Transportation Fabricated $2.1 M Equipment Metal Products $4.0 M

Swiss Companies Located in Oregon

Chubb (ACE) Ionbond MBT Systems ON Sulzer Syngenta UBS Dufry Kuehne + Nagel Nagra Schindler Swissport Teuscher Zurich Hoffmann-La Roche Lonza Nestlé SGS

56 56 SWISS ECONOMIC IMPACT PENNSYLVANIA

Employment Supported by Foreign Affiliates, 2016

36,600 Pennsylvania Residents of Swiss Descent 67,469 1,213

29,600

24,300 22,700 Jobs Supported by 8,457 Swiss Affiliates 19,800 29,470 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 19,800 Exports to Switzerland Swiss affiliates account for 7% of the 301,000 jobs created by all foreign affiliates in Pennsylvania 3. 4. 5. 6. 7. Germany France Japan Canada Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Pennsylvania to Switzerland, 2018 from Switzerland to Pennsylvania, 2018 Total Pennsylvania Goods Exports to Switzerland $460 M Total Pennsylvania Goods Imports from Switzerland $3.5 B

Chemicals $308 M Chemicals $3.1 B

Primary Metals $47 M Machinery $76 M

Computer & Computer & $18 M Electronic Products Electronic Products $69 M

Electrical Equipment, Used Merchandise $16 M Appliances & Components $48 M

Machinery $6.4 M Food $27 M

Swiss Companies Located in Pennsylvania

ABB Connex Elma Electronic Lindt Panalpina Sika TE Connectivity Actant Credit Suisse Forbo Linnea Quadrant SMS Concast Temenos ACUTRONIC Diatome (Anton Gallus Lonza Reha Technology America Teuscher Allied World Meyer & Co) Georg Fischer Metalor Russell Stover SoftwareONE UBS Artemis DORMA Habasit Muller Martini Candies (Lindt) Sulzer Vitra Asendia Dottikon ES Komax Nespresso Schindler Swatch Weatherford Autoneum Dufry Kuehne + Nagel Nestlé SFS intec Swiss Re Weidmann BalTec Electron Microscopy LafargeHolcim Novartis SGS Swissport Zurich Barry Callebaut Sciences (Anton Life Watch Omya SIG Combibloc TAG Heuer Chubb (ACE) Meyer & Co)

57 57 SWISS ECONOMIC IMPACT RHODE ISLAND

Employment Supported by Foreign Affiliates, 2016

Rhode Island Residents of Swiss Descent 1,253 4,300 23

Jobs Supported by Swiss Affiliates 716 Jobs Supported by Services 1,539 800 Total Jobs Exports to Switzerland 1,500 1,400 Jobs Supported by Goods Exports to Switzerland 1,000 800 Swiss affiliates account for 3% of the 26,500 jobs created by all foreign affiliates in Rhode Island 3. 4. 5. 6. 7. France Canada Japan Germany Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Rhode Island to Switzerland, 2018 from Switzerland to Rhode Island, 2018 Total Rhode Island Goods Exports to Switzerland = $5.3 M Total Rhode Island Goods Imports from Switzerland $37 M

Computer & Machinery $1.6 M Electronic Products $19 M

Primary Metals $0.6 M Machinery $6.1 M

Electrical Equipment, Fabricated $0.6 M Appliances & Components Metal Products $3.0 M

Computer & Plastics & $0.5 M Electronic Products Rubber Products $2.1 M

Textile Textiles & Fabrics Mill Products $0.4 M $1.4 M

Swiss Companies Located in Rhode Island

Bernina LafargeHolcim Leister Technologies Optrel Schindler UBS Zurich Gurit

58 58 SWISS ECONOMIC IMPACT SOUTH CAROLINA

Employment Supported by Foreign Affiliates, 2016

South Carolina Residents of Swiss Descent 8,684

25,100 438

Jobs Supported by 2,589 Swiss Affiliates 15,100 Jobs Supported by Services 12,300 10,027 Exports to Switzerland 10,500 Total Jobs Jobs Supported by Goods 7,000 7,000 Exports to Switzerland Swiss affiliates account for 5% of the 140,400 jobs created by all foreign affiliates in South Carolina 2. 3. 4. 5. 6. France Japan United Canada Switzer- Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from South Carolina to Switzerland, 2018 from Switzerland to South Carolina, 2018 Total South Carolina Goods Exports to Switzerland $109 M Total South Carolina Goods Imports from Switzerland $262 M

Chemicals $76 M Chemicals $132 M

Machinery $19 M Machinery $55 M

Computer & Computer & Electronic Products $4.5 M Electronic Products $16 M

Fabricated Paper $2.7 M Metal Products $15 M

Electrical Equipment, Food $1.6 M $11 M Applicances & Components

Swiss Companies Located in South Carolina

ABB CAPSUGEL (Lonza) Hoffmann-La Roche Oerlikon Sanitized Stäubli Syngenta Aerolite Chubb (ACE) Ionbond Panalpina Schindler Sukano Polymers TE Connectivity American Dufry Kuehne + Nagel Rieter Schmolz + Sulzer UBS Lamprecht EMS-Chemie LafargeHolcim Russell Stover Bickenbach Swiss Krono Zurich Transport Foampartner MSC Candies (Lindt) Sika SYMTECH Autoneum Graf Metallic (Rieter) Nestlé

59 59 SWISS ECONOMIC IMPACT SOUTH DAKOTA

Employment Supported by Foreign Affiliates, 2016

2,300 South Dakota Residents of Swiss Descent 3,390

45

1,500 Jobs Supported by 1,400 Swiss Affiliates

556 1,201 600 Jobs Supported by Services Total Jobs Exports to Switzerland Jobs Supported by Goods 600 600 Exports to Switzerland Swiss affiliates account for 5% of the 12,100 jobs created by all foreign affiliates in South Dakota 1. 2. 3. 4. 4. Canada United France Switzer- Germany Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from South Dakota to Switzerland, 2018 from Switzerland to South Dakota, 2018 Total South Dakota Goods Exports to Switzerland $2.5 M Total South Dakota Goods Imports from Switzerland $2.9 M

Computer & Machinery $0.9 M Electronic Products $1.3 M

Printed Matter & Chemicals $0.7 M Related Products $0.6 M

Transporation Electrical Equipment, $0.6 M Equipment $0.2 M Appliances & Components

Computer & Food $0.1 M Electronic Products $0.07 M

Electrical Equipment, Fabricated Metal $0.1 M $0.05 M Appliances, & Components Products

Swiss Companies Located in South Dakota

Micronas SGS Syngenta UBS Zurich

60 60 SWISS ECONOMIC IMPACT TENNESSEE

Employment Supported by Foreign Affiliates, 2016

19,900 Tennessee Residents of Swiss Descent 11,391

16,600 889

12,300 Jobs Supported by Swiss Affiliates 10,000 Jobs Supported by Services 3,984 11,573 Exports to Switzerland 6,700 Total Jobs 6,700 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 4% of the 177,100 jobs created by all foreign affiliates in Tennessee 3. 4. 5. 6. 7. France Germany Nether- Canada Switzer- lands land

Top Goods Exports by Industry Top Goods by Industry from Tennessee to Switzerland, 2018 from Switzerland to Tennessee, 2018 Total Tennessee Goods Exports to Switzerland $221 M Total Tennessee Goods Imports from Switzerland $980 M Computer & Chemicals $8.3 M Electronic Products $369 M

Computer & Electronic Products $7.6 M Chemicals $152 M

Transportation Machinery Equipment $6.5 M $54 M

Beverages & Fabricated Tobacco Products $6.5 M Metal Products $12 M

Electrical Equipment, Machinery $3.7 M Appliances & Components $8.1 M

Swiss Companies Located in Tennessee

ABB Feintool LafargeHolcim Omya SGS Sulzer UBS Bossard FoamPartner Lonza Panalpina Sika Swissport Uster Technologies Chubb (ACE) Franke Medacta Russell Stover Sontara (Jacob Syngenta Zurich Dufry gategroup Nestlé Candies (Lindt) Holm & Sons) TE Connectivity FAES Kuehne + Nagel Oerlikon Schindler

61 61 SWISS ECONOMIC IMPACT TEXAS

Employment Supported by Foreign Affiliates, 2016

Texas Residents of Swiss Descent 35,975 51,300 2,423 46,200 44,500

36,000 Jobs Supported by 33,000 16,187 Swiss Affiliates 51,610 Jobs Supported by Services Total Jobs Exports to Switzerland 33,000 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 6% of the 596,900 jobs created by all foreign affiliates in Texas 3. 4. 5. 6. 7. Japan Canada Germany Nether- Switzer- lands land

Top Goods Exports by Industry Top Goods Imports by Industry from Texas to Switzerland, 2018 from Switzerland to Texas, 2018 Total Texas Goods Exports to Switzerland $649 M Total Texas Goods Imports from Switzerland $800 M

Computer & Oil & Gas $253 M $167 M Electronic Products

Computer & Chemicals Electronic Products $116 M $102 M

Beverages & Chemicals $90 M $112 M Tobacco Products

Transportation Machinery $85 M Equipment $85 M

Petroleum & Electrical Equipment, $58 M Coal Products Appliances & Components $43 M

Swiss Companies Located in Texas

ABB Bossard gategroup Jet Aviation Oerlikon SITA Temenos Adecco Burckhardt Geogas Komax Panalpina SoftwareONE Tetra Pak Akris Compression Georg Fischer Kuehne + Nagel Partners Group SpectraSensors Thommen Algordanza Chubb (ACE) Ghirardelli (Lindt) Kundig International Piaget (Endress+Hauser) TORMAX Allied World Clariant Global LafargeHolcim Portacool STMicroelectronics Tradition Allseas Colibrys Manufacturing Leica Geosystems Rolex Straumann Transocean American Lamprecht Cotecna Inspection Gutor Electronic Lindt Rosen Sulzer UBS Transport Credit Suisse Hallmark Aviation Lonza Russell Stover Swatch Vitol American Realty Dufry Services Mercuria Candies (Lindt) Swiss Re Vontobel Investors Egon Zehnder Hoerbiger MSC Schindler Swissport Weatherford Avalon Park EMS Electro Hublot Nagra Schleuniger Syngenta Weidmann Bally Medical Systems Hug Engineering Nespresso SGS TAG Heuer Zurich Baumann Springs Ferrum INEOS Nestlé SICPA TE Connectivity Baume & Mercier FRACHT FWO Interstable Novartis Sika 62 62 SWISS ECONOMIC IMPACT UTAH

Employment Supported by Foreign Affiliates, 2016

Utah Residents of Swiss Descent 36,485 8,900

719

Jobs Supported by 5,500 Swiss Affiliates 4,900 6,249 Jobs Supported by Services 1,830 Total Jobs Exports to Switzerland 3,700 3,700 Jobs Supported by Goods Exports to Switzerland 2,600 Swiss affiliates account for 8% of the 47,800 jobs created by all foreign affiliates in Utah 1. 2. 3. 4. 5. United France Germany Switzer- Japan Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Utah to Switzerland, 2018 from Switzerland to Utah, 2018 Total Utah Goods Exports to Switzerland $165 M Total Utah Goods Imports from Switzerland $103 M

Primary Metals $94 M Machinery $30 M

Transportation Computer & Equipment $39 M Electronic Products $26 M

Computer & Chemicals Electronic Products $7.7 M $9.6 M

Chemicals $1.9 M Paper $8.3 M

Nonmetallic Transportation $2.9 M Mineral Products $1.7 M Equipment

Swiss Companies Located in Utah

Dufry LafargeHolcim Schindler Stadler Sulzer UBS Zurich Kuehne + Nagel Nestlé SGS Stat Peel

63 63 SWISS ECONOMIC IMPACT VERMONT

Employment Supported by Foreign Affiliates, 2016

Vermont Residents of Swiss Descent 1,950

2,100 51 1,700

416 Jobs Supported by Swiss Affiliates 1,200 1,467 Jobs Supported by Services 1,000 Exports to Switzerland 800 Total Jobs Jobs Supported by Goods 1,000 Exports to Switzerland Swiss affiliates account for 9% of the 11,100 jobs created by all foreign affiliates in Vermont 1. 2. 3. 4. 5. Canada United France Switzer- Nether- Kingdom land lands

Top Goods Exports by Industry Top Goods Imports by Industry from Vermont to Switzerland, 2018 from Switzerland to Vermont, 2018 Total Vermont Goods Exports to Switzerland $8.4 M Total Vermont Goods Imports from Switzerland $12 M

Plastics & Computer & $5.1 M Rubber Products $2.8 M Electronic Products

Computer & Chemicals Electronic Products $1.4 M $3.9 M

Machinery $1.3 M Machinery $0.9 M

Electrical Equipment, Fabricated Appliances & Components $0.5 M Metal Products $0.4 M

Electrical Equipment, Food $0.3 M Appliances & Components $0.4 M

Swiss Companies Located in Vermont

Barry Callebaut Lindt Omya Stöckli Outdoor UBS Weidmann Zurich Dufry Sports

64 64 SWISS ECONOMIC IMPACT VIRGINIA

Employment Supported by Foreign Affiliates, 2016

14, 900 14,800 14,000 13,900 Virginia Residents of Swiss Descent 21,381

771 10,100 Jobs Supported by Swiss Affiliates 5,305 16,176 Jobs Supported by Services Total Jobs Exports to Switzerland 10,100 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 5% of the 187,200 jobs created by all foreign affiliates in Virginia 3. 4. 5. 6. 7. France Japan Nether- Canada Switzer- lands land

Top Goods Exports by Industry Top Goods Imports by Industry from Virginia to Switzerland, 2018 from Switzerland to Virginia, 2018 Total Virginia Goods Exports to Switzerland $242 M Total Virginia Goods Imports from Switzerland $280 M

Agricultural $210 M Beverages & $90 M Products Tobacco Products

Machinery $16 M Machinery $57 M

Computer & Fabricated Electronic Products $4.3 M Metal Products $54 M

Computer & Paper $2.7 M Electronic Products $23 M

Electrical Equipment, Electrical Equipment, $16 M Appliances, & Components $2.4 M Appliances & Components

Swiss Companies Located in Virginia

ABB Clariant Keller Nespresso Safran Vectronix Sulzer The Swiss Bakery Arktis Radiation Dufry KRISS Nestlé Schaffner EMC Swatch u-blox Detectors Erni Electronics Kuehne + Nagel Panalpina Schindler Swisslog UBS Ascom FRACHT FWO LafargeHolcim Quadrant SGS Swissport United Grinding Asendia gategroup Liebherr record (agta record) SICPA Syngenta WorldAware Bally Gloster Furniture Lindt Russell Stover Spahr Metric TE Connectivity Zurich Chubb (ACE) HV Technologies Nagra Candies (Lindt)

65 65 SWISS ECONOMIC IMPACT WASHINGTON

Employment Supported by Foreign Affiliates, 2016

Washington Residents of Swiss Descent 36,163 17,200 15,900 15,600 745

Jobs Supported by Swiss Affiliates 9,800 Jobs Supported by Services 9,984 5,100 4,139 Total Jobs Exports to Switzerland 5,100 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 4% of the 115,500 jobs created by all foreign affiliates in Washington 2. 3. 4. 5. 6. Canada Japan Germany France Switzer- land

Top Goods Exports by Industry Top Goods Imports by Industry from Washington to Switzerland, 2018 from Switzerland to Washington, 2018 Total Washington Goods Exports to Switzerland $370 M Total Washington Goods Imports from Switzerland $88 M

Transportation Beverages & $24 M Equipment $286 M Tobacco Products

Computer & Machinery $18 M Electronic Products $44 M

Computer & Machinery $12 M $9.0 M Electronic Products

Fabricated Chemicals $7.9 M Metal Products $7.9 M

Electrical Equipment, $5.9 M Food $5.1 M Appliances, & Components

Swiss Companies Located in Washington

Arch Chemicals Bucher Dufry Lantal Textiles Nespresso Schindler Toradex (Lonza) Chubb (ACE) gategroup Logitech Nestlé Swiss Re UBS Asendia Diacon Technologies Kuehne + Nagel Luxoft Omya Swissport Zurich Bossard (Lonza) LafargeHolcim Nagra Panalpina Syngenta

66 66 SWISS ECONOMIC IMPACT WEST VIRGINIA

Employment Supported by Foreign Affiliates, 2016

4,000 4,000 West Virginia Residents of Swiss Descent 3,861

125

Jobs Supported by Swiss Affiliates 2,000 2,000 920 2,545 Jobs Supported by Services 1,500 Total Jobs Exports to Switzerland 1,500 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 5% of the 28,900 jobs created by all foreign affiliates in West Virginia 2. 2. 4. 4. 6. Canada Japan Germany Nether- Switzer- lands land

Top Goods Exports by Industry Top Goods Imports by Industry from West Virginia to Switzerland, 2018 from Switzerland to West Virginia, 2018 Total West Virginia Goods Exports to Switzerland $22 M Total West Virginia Goods Imports from Switzerland $13 M Transportation Chemicals Equipment $10 M $1.8 M

Nonmetallic Fabricated $1.1 M Mineral Products $2.5 M Metal Products

Primary Metals $1.2 M Machinery $0.8 M

Chemicals $0.9 M Primary Metals $0.6 M

Electrical Equipment, Appliances & Components $0.7 M Food $0.3 M

Swiss Companies Located in West Virginia

ABB EuropTec Novartis Russell Stover Schindler Sulzer Zurich Chubb (ACE) LafargeHolcim Oerlikon Candies (Lindt) SGS

67 67 SWISS ECONOMIC IMPACT WISCONSIN

Employment Supported by Foreign Affiliates, 2016

Wisconsin Residents of Swiss Descent 55,485 216

15,400 15,100

3,687 Jobs Supported by Swiss Affiliates 9,800 8,800 8,800 12,703 Jobs Supported by Services Total Jobs Exports to Switzerland 8,800 Jobs Supported by Goods Exports to Switzerland Swiss affiliates account for 9% of the 98,600 jobs created by all foreign affiliates in Wisconsin 1. 2. 3. 4. 4. United Canada Germany Switzer- France Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Wisconsin to Switzerland, 2018 from Switzerland to Wisconsin, 2018 Total Wisconsin Goods Exports to Switzerland $55 M Total Wisconsin Goods Imports from Switzerland $190 M Computer & Electronic Products $16 M Machinery $85 M

Electrical Equipment, Machinery $9.0 M Appliances & Components $31 M

Computer & Chemicals $7.5 M $21 M Electronic Products

Transportation Chemicals Equipment $6.5 M $19 M

Electrical Equipment, Fabricated $5.0 M Appliances, & Components Metal Products $9.8 M

Swiss Companies Located in Wisconsin

ABB Emmi Roth Hoffmann-La Roche Lindt Norland at Swissray Satisloh UBS Arch Chemicals Esther’s European HOPPE Mosmatic Northwire (Lemo) Schindler Weidmann (Lonza) Imports Kuhn Group Nestlé Oerlikon SoftwareONE Zurich Bossard FISCHER LafargeHolcim New Glarus Hotel Omya Syngenta Chalet Landhaus Inn Ghirardelli (Lindt) LEM Restaurant Panalpina Chubb (ACE)

68 68 SWISS ECONOMIC IMPACT WYOMING

Employment Supported by Foreign Affiliates, 2016

1,500 Wyoming Residents of Swiss Descent 2,948 2

Jobs Supported by Swiss Affiliates 621 300 Jobs Supported by Services 600 600 319 Total Jobs Exports to Switzerland Jobs Supported by Goods Exports to Switzerland 300 300 Swiss affiliates account for 4% of the 7,300 jobs created by all foreign affiliates in Wyoming 1. 2. 2. 4. 4. United Canada France Switzer- Germany Kingdom land

Top Goods Exports by Industry Top Goods Imports by Industry from Wyoming to Switzerland, 2018 from Switzerland to Wyoming, 2018 Total Wyoming Goods Exports to Switzerland $5.6 M Total Wyoming Goods Imports from Switzerland = $0.8 M

Computer & Fabricated $2.9 M $0.2 M Electronic Products Metal Products

Computer & Machinery $2.1 M $0.1 M Electronic Products

Used Merchandise $0.3 M Machinery $0.1 M

Electrical Equipment, Chemicals $0.04 M $0.2 M Appliances & Components

Petroleum & $0.06 M Chemicals Coal Products $0.04 M

Swiss Companies Located in Wyoming

Hoerbiger SGS Sulzer Zurich

69 69 APPENDIX: SWISS AFFILIATE EMPLOYMENT IN THE UNITED STATES, 2011–2016

2011–2016 States Ranked by 2011 2012 2013 2014 2015 2016 Percent Change 2011–2016 Percent Change Total 461,900 456,500 465,600 457,700 458,200 471,000 2%

Alabama 3,200 3,100 3,700 3,000 2,400 2,500 -22% 1. South Dakota 100% Alaska 300 300 400 300 300 500 67% 2. New Hampshire 75% Arizona 7,100 6,800 6,900 7,200 7,900 8,800 24% 3. Alaska 67% Arkansas 4,700 4,600 4,600 4,800 4,700 4,800 2% 4. Minnesota 59% California 64,400 65,500 66,500 67,200 69,600 72,000 12% 5. Tennessee 56% Colorado 6,500 5,600 5,800 5,600 5,600 5,800 -11% 6. New Mexico 38% Connecticut 7,600 7,100 6,500 6,600 7,400 8,100 7% 7. Oregon 36% Delaware 2,700 1,800 1,900 1,700 1,700 1,300 -52% 8. Washington 34% District of Columbia 1,400 1,400 1,400 1,300 1,600 1,600 14% 9. Arizona 24% Florida 20,900 19,100 19,700 20,300 19,600 20,000 -4% 10. Mississippi 20% Georgia 12,300 11,800 12,000 12,700 12,900 13,400 9% 11. Maine 19% Hawaii 1,000 1,200 1,000 900 800 800 -20% 12. Virginia 17% Idaho 1,100 1,100 1,100 1,000 1,000 900 -18% 13. Utah 16% Illinois 20,500 19,800 19,900 19,400 22,000 21,700 6% 14. Ohio 15% Indiana 8,900 8,700 9,100 10,800 11,200 8,400 -6% 15. District of Columbia 14% Iowa 3,000 3,000 3,000 3,000 3,000 3,100 3% 16. California 12% Kansas 6,400 6,300 6,300 6,400 6,500 6,800 6% 17. Missouri 11% Kentucky 5,900 6,000 5,900 6,600 6,100 6,300 7% 18. Maryland 10% Louisiana 4,800 4,500 4,900 3,800 3,700 3,700 -23% 19. Georgia 9% Maine 2,100 2,300 2,400 2,300 2,400 2,500 19% 20. Michigan 9% Maryland 6,900 6,600 6,700 6,800 7,700 7,600 10% 21. Wisconsin 9% Massachusetts 12,500 11,800 12,600 13,900 12,900 13,200 6% 22. Kentucky 7% Michigan 9,100 8,900 9,000 9,400 9,600 9,900 9% 23. Connecticut 7% Minnesota 4,600 5,000 5,000 5,300 6,300 7,300 59% 24. Kansas 6% Mississippi 1,500 1,900 1,900 1,700 1,700 1,800 20% 25. Illinois 6% Missouri 8,300 8,200 8,800 9,000 8,900 9,200 11% 26. Massachusetts 6% Montana 400 300 300 300 300 300 -25% 27. Nevada 5% Nebraska 2,100 2,200 2,200 2,200 2,200 2,100 0% 28. South Carolina 4% Nevada 2,200 1,800 1,800 2,000 2,300 2,300 5% 29. Iowa 3% New Hampshire 2,400 2,800 3,700 3,600 2,900 4,200 75% 30. Arkansas 2% New Jersey 34,000 34,800 34,500 32,800 28,300 31,000 -9% 31. Pennsylvania 1% New Mexico 800 1,400 1,300 1,200 1,200 1,100 38% 32. Nebraska 0% New York 38,700 36,100 39,500 38,000 38,500 38,700 0% 32. New York 0% North Carolina 19,800 19,400 19,500 20,400 18,700 18,800 -5% 34. Florida -4% North Dakota 700 900 800 400 300 300 -57% 35. North Carolina -5% Ohio 17,100 17,100 17,700 17,700 19,200 19,700 15% 36. Indiana -6% Oklahoma 4,500 4,600 4,700 3,600 3,500 3,600 -20% 37. New Jersey -9% Oregon 4,200 3,900 4,000 4,500 5,300 5,700 36% 38. Colorado -11% Pennsylvania 19,600 19,200 18,100 18,600 19,300 19,800 1% 39. West Virginia -12% Rhode Island 1,000 900 1,000 900 800 800 -20% 40. Idaho -18% South Carolina 6,700 7,000 7,000 7,200 6,900 7,000 4% 41. Hawaii -20% South Dakota 300 400 500 500 500 600 100% 41. Oklahoma -20% Tennessee 4,300 5,800 5,500 5,600 6,300 6,700 56% 41. Rhode Island -20% Texas 43,800 42,900 41,600 35,300 32,000 33,000 -25% 44. Alabama -22% Utah 3,200 3,300 3,600 3,600 3,700 3,700 16% 45. Louisiana -23% Vermont 1,500 1,200 1,100 1,100 1,000 1,000 -33% 46. Texas -25% Virginia 8,600 8,400 8,800 8,400 9,400 10,100 17% 47. Montana -25% Washington 3,800 3,400 3,600 3,600 5,000 5,100 34% 48. Vermont -33% West Virginia 1,700 1,700 1,700 1,500 1,500 1,500 -12% 49. Delaware -52% Wisconsin 8,100 8,500 8,800 8,600 8,500 8,800 9% 50. North Dakota -57% Wyoming 800 900 800 300 300 300 -63% 51. Wyoming -63%

Note: Rankings are based on exact data.

70 APPENDIX: SWISS COMPANIES AND THEIR AFFILIATES IN THE UNITED STATES, 2019

Number of Swiss States Ranked by Number of Swiss States Ranked by Companies per State Number of Swiss Companies Affiliates per State Number of Swiss Affiliates

Alabama 23 1. California 120 Alabama 33 1. California 420 Alaska 7 2. New York 110 Alaska 9 2. Texas 337 Arizona 28 3. Illinois 94 Arizona 62 3. New York 233 Arkansas 12 4. Texas 87 Arkansas 21 4. Florida 222 California 120 5. Florida 71 California 420 5. Illinois 212 Colorado 42 6. Georgia 64 Colorado 99 6. Massachusetts 149 Connecticut 41 7. Pennsylvania 60 Connecticut 63 7. Michigan 136 Delaware 12 8. Massachusetts 58 Delaware 14 8. New Jersey 135 District of Columbia 23 8. North Carolina 58 District of Columbia 27 9. Ohio 134 Florida 71 10. Michigan 57 Florida 222 10. Pennsylvania 119 Georgia 64 11. New Jersey 56 Georgia 105 11. North Carolina 110 Hawaii 13 12. Ohio 49 Hawaii 17 12. Georgia 105 Idaho 7 13. Virginia 44 Idaho 9 13. Minnesota 102 Illinois 94 14. Colorado 42 Illinois 212 14. Colorado 99 Indiana 26 15. Connecticut 41 Indiana 57 15. Virginia 88 Iowa 13 16. South Carolina 33 Iowa 21 16. Maryland 83 Kansas 16 17. Minnesota 32 Kansas 27 17. Louisiana 76 Kentucky 21 18. Wisconsin 30 Kentucky 32 18. Tennessee 72 Louisiana 26 19. Tennessee 29 Louisiana 76 19. Wisconsin 65 Maine 8 20. Arizona 28 Maine 17 20. Connecticut 63 Maryland 24 20. Nevada 28 Maryland 83 21. Arizona 62 Massachusetts 58 22. Indiana 26 Massachusetts 149 22. Indiana 57 Michigan 57 22. Louisiana 26 Michigan 136 23. Nevada 56 Minnesota 32 24. Washington 25 Minnesota 102 24. Missouri 55 Mississippi 11 25. Maryland 24 Mississippi 23 25. South Carolina 54 Missouri 20 26. Alabama 23 Missouri 55 26. Washington 47 Montana 6 26. District of Columbia 23 Montana 9 27. Oklahoma 36 Nebraska 14 28. Kentucky 21 Nebraska 18 28. Alabama 33 Nevada 28 28. Oklahoma 21 Nevada 56 29. Kentucky 32 New Hampshire 16 30. Missouri 20 New Hampshire 31 30. New Hampshire 31 New Jersey 56 31. Oregon 18 New Jersey 135 31. District of Columbia 27 New Mexico 13 32. Kansas 16 New Mexico 16 31. Kansas 27 New York 110 32. New Hampshire 16 New York 233 33. Oregon 25 North Carolina 58 34. Nebraska 14 North Carolina 110 34. North Dakota 24 North Dakota 8 35. Hawaii 13 North Dakota 24 35. Mississippi 23 Ohio 49 35. Iowa 13 Ohio 134 36. Arkansas 21 Oklahoma 21 35. New Mexico 13 Oklahoma 36 36. Iowa 21 Oregon 18 38. Arkansas 12 Oregon 25 36. Utah 21 Pennsylvania 60 38. Delaware 12 Pennsylvania 119 39. Nebraska 18 Rhode Island 8 40. Mississippi 11 Rhode Island 8 39. West Virginia 18 South Carolina 33 40. Utah 11 South Carolina 54 41. Hawaii 17 South Dakota 5 40. West Virginia 11 South Dakota 9 41. Maine 17 Tennessee 29 43. Maine 8 Tennessee 72 43. New Mexico 16 Texas 87 43. North Dakota 8 Texas 337 44. Delaware 14 Utah 11 43. Rhode Island 8 Utah 21 45. Vermont 12 Vermont 8 43. Vermont 8 Vermont 12 46. Alaska 9 Virginia 44 47. Alaska 7 Virginia 88 46. Idaho 9 Washington 25 47. Idaho 7 Washington 47 46. Montana 9 West Virginia 11 49. Montana 6 West Virginia 18 46. South Dakota 9 Wisconsin 30 50. South Dakota 5 Wisconsin 65 50. Rhode Island 8 Wyoming 4 51. Wyoming 4 Wyoming 5 51. Wyoming 5

Total 1621 Total 3773

Source: Swiss Business Mapping Note: Company counts may differ from the number of companies listed on state overview pages in order to keep the confidentiality of some companies.

71 METHODOLOGY

Swiss Economic Impact in the United States: Creating Jobs and Foreign Direct Investment Supporting the U.S. Economy is based mostly on current U.S. In this report, foreign direct investment in the United States is government data from two primary sources when Content First shown on an historical-cost basis through 2018, the latest avail- prepared this report in April 2019. able statistics at the time of publication in October 2019, or cost at time of investment. The United States defines FDIUS (inward investment) as the ownership or control, directly or indirectly, by Data on U.S. Affiliates of Foreign Companies one foreign entity of a 10 percent or more ownership share of an incorporated or unincorporated U.S. business enterprise. The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) produces comprehensive national and state data on the activities of affiliates of foreign-owned companies operat- Swiss Direct Investment Abroad ing in the United States. The data, widely recognized to be the world's most comprehensive and accurate, are obtained from Statistics on Swiss direct investment abroad were collected by mandatory surveys required under the authority of the the Embassy of Switzerland from the Swiss National Bank and International Investment and Trade in Services Survey Act (ini- the Organisation for Economic Co-operation and Development. tially enacted in 1976 and amended in 1948 and 1990). BEA Data are shown on a cumulative, book value (or historical-cost) released its more recent data for 2016 in November 2018. basis.

BEA conducts mandatory surveys of foreign-owned U.S. affili- ates, and it also surveys the operations of U.S. multinational firms. The results provide detailed information on a variety of financial and economic indicators, including employment, trade in goods and services, sales, and R&D expenditures.

The national and state statistics in this report cover U.S. affiliates that are majority-owned by foreign parent companies (e.g., Swiss companies). A majority-owned foreign affiliate is a U.S. affiliate that is unambiguously under foreign control, which is more than 50 percent owned by foreign investors.

For each subsidiary, BEA requests information on both the for- eign parent (i.e., the foreign business that undertakes the foreign direct investment) and the ultimate beneficial owner (UBO). An affiliate’s UBO is defined to be that person, proceeding up the affiliate's ownership chain, beginning with and including the for- eign parent, that is not owned more than 50 percent by another person. The UBO of each U.S. affiliate is identified to ascertain the person who ultimately controls the U.S. affiliate and who therefore ultimately derives the benefits from ownership or con- trol. In many instances, the foreign parent and the UBO are the same entity.

72 METHODOLOGY

Swiss Companies and Their Affiliates Total Jobs Supported by Swiss Trade and The Embassy of Switzerland provided statistics on the names Investment and number of Swiss companies and their affiliates in the United Total jobs supported by Swiss trade and investment in the States using its Swiss Business Mapping database. United States is the sum of three components:

(1) Jobs supported by Swiss affiliates in the United States as Data on Merchandise and Services Trade reported by BEA in its annual report on the activities of affili- ates of foreign-owned companies in the United States; The U.S. Census Bureau publishes comprehensive trade data. (2) Jobs supported by goods exports as calculated from Jobs BEA performs that function for exports and imports of services. Supported by Export Destination, a U.S. Department of Statistics on goods exports and imports, nationally and by state, Commerce study that estimated 72,745 U.S. jobs were sup- are the latest full-year trade statistics from the Department of ported by goods exports to Switzerland. This estimate is Commerce at the time of publication. These statistics are report- preliminary. Each state’s percentage of total merchandise ed on a Census basis. USA Trade Online is the source of data on exports to Switzerland are used to apportion those jobs; and goods trade for individual countries, trade or economic groups, (3) Jobs supported by services exports as based on the same geographic regions, and states. Trade data were downloaded in U.S. Department of Commerce study that shows 198,595 April 2019 and may differ slightly from later revisions. U.S. jobs were supported by services exports to Switzerland. State employment supported by services exports is esti- Services exports through cross-border trade and services sup- mated using the share of services workers in each state. plied to customers overseas through foreign affiliates of U.S. State services employment data are from the Bureau of companies are from BEA’s October 2018 Survey of Current Labor Statistics’ Quarterly Census of Employment and Business. Wages.

Swiss Ancestry

Statistics on Swiss ancestry are from the United States Census Bureau’s 2013–2017 American Community Survey (ACS) five- year estimate.

73 SWISS BUSINESS HUB USA

The Swiss Business Hub USA (SBH USA) is the The Swiss Business Hub is the key contact point Export Promotion U.S.-based representative of the official international for Swiss and Liechtenstein small and medium- Are you interested in trade and investment promotion agency Switzerland sized enterprises (SMEs) looking for export exporting your prod- Global Enterprise (S-GE). A part of the Embassy of opportunities in the U.S. market. ucts to the U.S.? Switzerland in the U.S., it is responsible for implementing Swiss export strategies in the U.S. The Hub’s services include: More information and for promoting Switzerland as a business › Market information and support s-ge.com/export location. › Detailed market and product analysis › Search for distributors, local representatives and About Us partners and support for the establishment of communication channels We support small and medium-sized enterprises › B2B / B2C sales pipeline development from Switzerland and Liechtenstein expanding their › Individual consulting and coaching of SMEs market presence in the U.S. We also provide free › Site location evaluation advice to U.S. companies looking to create a › Organization of events and fact-finding missions subsidiary or establish partnerships in Switzerland. for Swiss companies, associations and official delegations As part of the Embassy of Switzerland and with close relationships with Swiss business and academic stakeholders, the SBH USA can draw on The Swiss Business Hub proactively contacts and Investment selected networks in both Switzerland and the U.S. informs U.S.-based companies about the key Promotion advantages of Switzerland as a business and Are you interested in With a client-centered attitude and the flexibility to investment location. In close collaboration with expanding your busi- offer tailor-made services, the SBH USA is uniquely cantonal and regional business promotion agencies ness to Switzerland? positioned to meet and support your business in Switzerland as well as private-sector partners, requirements. the Hub supports foreign investors with the More information following services: s-ge.com/invest Specific Areas of Expertise › Communicating Switzerland’s unique selling The SBH USA provides support to most industries. points that relate to their business and industry We have nevertheless identified specific areas of › Facilitating contact to regional and cantonal eco- interest. These include, but are not limited to, life nomic development agencies sciences, ICT, fintech, food and beverage, FMCG, › Connecting with research centers and universities MEM as well as cleantech. › Meeting legal and administrative requirements › Obtaining work and residence permits Switzerland Global Enterprise › Defining the ideal corporate structure and explain- ing the Swiss tax system S-GE works all over the world to support entrepreneurs and promote Switzerland as a All Swiss Business Hubs have a first-rate network business location. S-GE is represented abroad by of contacts both in the host country and in the Swiss Business Hubs. The majority of these Switzerland and are part of a Swiss Embassy or local teams are based at a Swiss Embassy or Consulate General. Swiss Consulate General.

74 SWISS BUSINESS HUB USA

Swiss Business Hub USA San Francisco Office Atlanta Office 633 Third Avenue | 30th Floor Pier 17 | Suite 600 Two Midtown Plaza | 1349 W. Peachtree New York | NY 10017 San Francisco | CA 94104 Street | Suite 1000 Atlanta | GA 30309 Caroline Blaser Christoph Besmer Head SBH USA Head of Investment Promotion Kimberly Shulman [email protected] [email protected] Trade Commissioner +1 917 289 9907 +1 917 289 9950 [email protected] +1 917 289 9973 Stewart Tipson Karine Wittmer Head of Export Promotion Trade Commissioner Boston Office [email protected] [email protected] 420 Broadway +1 917 289 9928 +1 917 289 9939 Cambridge | MA 02138

Daniel Bangser Lina Rohrbach Sean Powers Deputy Head Investment Promotion Trade Commissioner Investment Promotion [email protected] [email protected] [email protected] +1 917 289 9932 +1 917 289 9925 +1 917 244 8368

Lisette Müry Los Angeles Office Office Manager [email protected] Christoph Besmer +1 917 289 9877 Head of Investment Promotion [email protected] +1 917 289 9950

75 Published by Embassy of Switzerland in the United States of America 2900 Cathedral Avenue, N.W., Washington, D.C. 20008 www.swissemb.org [email protected]

Acknowledgments The Embassy of Switzerland would like to thank the Swiss Business Hub USA for its support and all the Swiss companies that contributed information to this report.

Statistical Research and Reporting Content First LLC, Washington, D.C. www.contentfirst.com [email protected]

Design and Layout Visual Communication FDFA, Bern, Switzerland Embassy of Switzerland, Washington, D.C. Content First LLC, Washington, D.C.

Printing Gabro Printing & Graphics, Virginia

This report is available at www.swissemb.org

Washington, D.C., January 2020