*excluding HS codes 71 (gold and precious metals, coins, precious stones) and 97 (art objects, antiques). Most of the increase in Swiss exports to China is accounted for by gold (from CHF11 billion in 2013 to CHF25 billion in 2023), which is not included in these statistics, as it is exempt from import duties in China regardless of its origin. The increase in gold exports can therefore not be linked to the free trade agreement.