Flag Switzerland / Austria Flag

2020
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Exports
: $8.32B, Rnk 8 / 217

2020
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Top Product
: $2.49B, Hormones

2020
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Exports
: $8.82B, Rnk 4 / 213

2020
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Top Product
: $2.61B, Packaged Medicaments

2020
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Economic Complexity (ECI)
: ECI 1.99, Rnk 2 / 127

2020
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Economic Complexity (ECI)
: ECI 1.52, Rnk 10 / 127

2020
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GDP
: $752B, CURRENT US$
Rnk 18 / 195

2010-2020
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GDP GROWTH
: 24.7%, CURRENT US$
Rnk 107 / 195

2020
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 GDP
: $433B, CURRENT US$
Rnk 25 / 195

2010-2020
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GDP GROWTH
: 10.6%, CURRENT US$
Rnk 138 / 195

2020
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GDP PC 
: $87,097, CURRENT US$
Rnk 4 / 195

2010-2020
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GDP PC GROWTH
: 12.9%, CURRENT US$
Rnk 105 / 195

2020
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GDP PC
: $48,587, CURRENT US$
Rnk 17 / 195

2010-2020
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GDP PC GROWTH
: 3.69%, CURRENT US$
Rnk 123 / 195

Switzerland-Austria In 2020, Switzerland exported $8.32B to Austria. The main products that Switzerland exported to Austria are Hormones ($2.49B), Gold ($1.5B), and Vaccines, blood, antisera, toxins and cultures ($442M). During the last 25 years the exports of Switzerland to Austria have increased at an annualized rate of 4.18%, from $2.99B in 1995 to $8.32B in 2020.

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 In 2020, Austria exported $8.82B to Switzerland. The main products that Austria exported to Switzerland were Packaged Medicaments ($2.61B), Electricity ($222M), and Wood Carpentry ($167M). During the last 25 years the exports of Austria to Switzerland have increased at an annualized rate of 3.88%, from $3.4B in 1995 to $8.82B in 2020.

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 2020,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.99), and 15 in total exports ($305B). That same year, Austria ranked 10 in the Economic Complexity Index (ECI 1.52), and 31 in total exports ($160B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Switzerland exported $8.32B to Austria. The main products exported from Switzerland to Austria were Hormones ($2.49B), Gold ($1.5B), and Vaccines, blood, antisera, toxins and cultures ($442M). During the last 25 years the exports of Switzerland to Austria have increased at an annualized rate of 4.18%, from $2.99B in 1995 to $8.32B in 2020.

In 2020, Austria exported $8.82B to Switzerland. The main products exported from Austria to Switzerland were Packaged Medicaments ($2.61B), Electricity ($222M), and Wood Carpentry ($167M). During the last 25 years the exports of Austria to Switzerland have increased at an annualized rate of 3.88%, from $3.4B in 1995 to $8.82B in 2020.

Switzerland Exports

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Austria Exports

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Market Competitiveness

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Measure

Switzerland
Top Destination
: United States, $62B

Austria
Top Destination
: Germany, $46.6B

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 2019, countries that imported more from Switzerland than Austria were United States ($62B), China ($17.3B), and India ($12B).

In 2019, countries that imported more from Austria than Switzerland were Hungary ($6.06B), Czechia ($5.45B), and Poland ($5.9B).

Comparative Advantage Switzerland - Austria

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Flow

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

During 2020, Switzerland had a large net trade with Austria in the exports of Chemical Products ($3.46B), Precious Metals ($1.65B), and Machines ($998M).

During 2020, Austria had a large net trade with Switzerland in the exports of Chemical Products ($3.05B), Machines ($1.48B), and Metals ($886M).

Bilateral Service Trade

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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.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Switzerland has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Switzerland.