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Trade Profile

Foreign Trade in Figures

The country is very open to international trade. In order to benefit from the European market, Liechtenstein joined the EEA (European Economic Area) and the Schengen Zone. Moreover, the government is progressively harmonising its trade policy with that of the European Union.

Customs duties are low and there are hardly any trade barriers. Liechtenstein has formed a customs union with Switzerland and also uses the Swiss franc (CHF) as its national currency. The main factors that encourage foreign trade are a very liberal economy, an attractive tax system and sophisticated infrastructure. However, the country has a limited domestic market.

Liechtenstein exports (USD 3.217 billion in 2015) much more than it imports (USD 1.989 billion in 2015), a trend that is likely to continue in the coming years. The country mainly exports small speciality machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, and optical products. The main imports are agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, and motor vehicles.

Liechtenstein’s main trade partners are Germany, Austria, the United States, Italy, China, Finland, the United Kingdom and Spain. Its main exports partners are Germany, the United States, Austria, Finland, Italy, China, the United Kingdom, Spain and Sweden.

 

 
 
 

 
 
 
 

 

Learn more about How to Export to Liechtenstein on Globaltrade.net, the Directory for International Trade Service Providers.

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Last Updates: September 2017