2023
Flag  
GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 125 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP PC GROWTH
14%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Switzerland-Australia Trade: In 2023, Switzerland exported $2.91B to Australia. The main products that Switzerland exported to Australia were Vaccines, blood, antisera, toxins and cultures ($504M), Precious Metal Watches ($364M), and Packaged Medicaments ($311M). Over the past 5 years the exports of Switzerland to Australia have increased at an annualized rate of 0.96%, from $2.78B in 2018 to $2.91B in 2023.

In 2019, Switzerland exported services to Australia worth $1.14B, with Computer and information services ($309M), Insurance services ($286M), and Royalties and license fees ($258M) being the largest in terms of value.

Australia-Switzerland Trade: In 2023, Australia exported $5.71B to Switzerland. The main products that Australia exported to Switzerland were Gold ($5.31B), Packaged Medicaments ($45.6M), and Coal Briquettes ($44M). Over the past 5 years the exports of Australia to Switzerland have increased at an annualized rate of 37%,  from $1.18B in 2018 to $5.71B in 2023.

In 2009, Australia exported services to Switzerland worth $577M, with Transportation ($202M), Other business services ($192M), and Travel ($160M) being the largest in terms of value.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $2.91B to Australia. The main products exported from Switzerland to Australia were Vaccines, blood, antisera, toxins and cultures ($504M), Precious Metal Watches ($364M), and Packaged Medicaments ($311M). During the last 5 years the exports of Switzerland to Australia have increased at an annualized rate of 0.96%, from $2.78B in 2018 to $2.91B in 2023.

In 2018, Australia exported $5.71B to Switzerland. The main products exported from Australia to Switzerland were Gold ($5.31B), Packaged Medicaments ($45.6M), and Coal Briquettes ($44M). During the last 5 years the exports of Australia to Switzerland have increased at an annualized rate of 37%, from $1.18B in 2023 to $5.71B in 2018.

Exports from Switzerland (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Switzerland (Flag) (2023)

Latest Data

Trade between Switzerland (Flag) and Australia (Flag)

Switzerland Exports

Australia Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Australia
Top Destination
China$137B

This map shows whether countries import more from Switzerland or Australia. Each country is colored based on the difference in imports they receive from Switzerland and Australia or the difference in the growth in imports.

In 2023, countries that imported more from Switzerland than Australia included Germany ($53.8B), United States ($45.1B), and Italy ($19.4B).

In 2023, countries that imported more from Australia than Switzerland included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and Switzerland (Flag) (2023)

Comparative Advantage Switzerland - Australia

Flow
Scale

This chart compares trade between Switzerland and Australia by product, considering products traded by both, Switzerland and Australia.

During 2023, Switzerland had a large net trade with Australia in the exports of Instruments ($997M), Chemical Products ($938M), and Machines ($356M).

During 2018, Australia had a large net trade with Switzerland in the exports of Precious Metals ($5.41B), Chemical Products ($74M), and Instruments ($51.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Australia+$83.3MGold
Top Product Potential Australia Switzerland+$20.2MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Switzerland and Australia. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and Australia (Flag) (2023)

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