Switzerland (CHE) and Austria (AUT) Trade | The Observatory of Economic Complexity

2023

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Exports $11.3BRnk 10 / 219

2023

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About

Switzerland-Austria Trade: In 2023, Switzerland exported $11.3B to Austria. The main products that Switzerland exported to Austria were Hormones ($2.97B), Gold ($1.42B), and Paintings ($700M). Over the past 5 years the exports of Switzerland to Austria have increased at an annualized rate of 6.67%, from $8.19B in 2018 to $11.3B in 2023.

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 2023, Austria exported $10.9B to Switzerland. The main products that Austria exported to Switzerland were Packaged Medicaments ($2.91B), Electricity ($646M), and Vaccines, blood, antisera, toxins and cultures ($206M). Over the past 5 years the exports of Austria to Switzerland have increased at an annualized rate of 4.88%, from $8.58B in 2018 to $10.9B in 2023.

In 2023, Austria did not export any services to Switzerland.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Latest Data

Switzerland Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Austria
Top DestinationGermany$51B

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

In undefined, countries that imported more from Switzerland than Austria included China ($47.7B), United States ($45.1B), and Turkey ($19.3B).

In undefined, countries that imported more from Austria than Switzerland included Hungary ($8.42B), Czechia ($6.15B), and Romania ($4.59B).

Economic Complexity

Competitive Landscape

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