Switzerland / Austria

Switzerland-Austria Trade: In 2022, Switzerland exported $8.3B to Austria. The main products that Switzerland exported to Austria were Gold ($2.76B), Hormones ($2.13B), and Vaccines, blood, antisera, toxins and cultures ($549M). Over the past 5 years the exports of Switzerland to Austria have increased at an annualized rate of 22.3%, from $3.03B in 2017 to $8.3B in 2022.

In 2019, Switzerland exported services to Austria worth $1.13B, with Financial services ($279M), Travel ($252M), and Insurance services ($172M) being the largest in terms of value.

Austria-Switzerland Trade: In 2022, Austria exported $8.13B to Switzerland. The main products that Austria exported to Switzerland were Packaged Medicaments ($2.71B), Electricity ($1.33B), and Vaccines, blood, antisera, toxins and cultures ($211M). Over the past 5 years the exports of Austria to Switzerland have increased at an annualized rate of 18.5%,  from $3.48B in 2017 to $8.13B in 2022.

In 2020, Austria exported services to Switzerland worth $4.54B, with Other business services ($1.6B), Travel ($1.19B), and Transportation ($897M) being the largest in terms of value.

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).