Flag Switzerland / Spain Flag

2020
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Exports
: $7.38B, Rnk 10 / 217

2020
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Top Product
: $2.27B, Nitrogen Heterocyclic Compounds

2020
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Exports
: $6.69B, Rnk 12 / 218

2020
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Top Product
: $3.61B, 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 0.76, Rnk 34 / 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
: $1.28T, CURRENT US$
Rnk 14 / 195

2010-2020
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GDP GROWTH
: -9.8%, CURRENT US$
Rnk 174 / 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
: $27,063, CURRENT US$
Rnk 36 / 195

2010-2020
Flag
GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 164 / 195

Switzerland-Spain In 2020, Switzerland exported $7.38B to Spain. The main products that Switzerland exported to Spain are Nitrogen Heterocyclic Compounds ($2.27B), Packaged Medicaments ($1.14B), and Sulfonamides ($761M). During the last 25 years the exports of Switzerland to Spain have increased at an annualized rate of 5.83%, from $1.79B in 1995 to $7.38B in 2020.

In 2019, Switzerland exported services to Spain worth $1.61B, with Royalties and license fees ($686M), Computer and information services ($278M), and Financial services ($278M) being the largest in terms of value.

Spain-Switzerland In 2020, Spain exported $6.69B to Switzerland . The main products that Spain exported to Switzerland were Packaged Medicaments ($3.61B), Cars ($580M), and Wine ($147M). During the last 25 years the exports of Spain to Switzerland have increased at an annualized rate of 7.41%, from $1.12B in 1995 to $6.69B in 2020.

In 2019, Spain exported services to Switzerland worth $1.73B, with Travel ($1.73B) 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, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Switzerland exported $7.38B to Spain. The main products exported from Switzerland to Spain were Nitrogen Heterocyclic Compounds ($2.27B), Packaged Medicaments ($1.14B), and Sulfonamides ($761M). During the last 25 years the exports of Switzerland to Spain have increased at an annualized rate of 5.83%, from $1.79B in 1995 to $7.38B in 2020.

In 2020, Spain exported $6.69B to Switzerland. The main products exported from Spain to Switzerland were Packaged Medicaments ($3.61B), Cars ($580M), and Wine ($147M). During the last 25 years the exports of Spain to Switzerland have increased at an annualized rate of 7.41%, from $1.12B in 1995 to $6.69B in 2020.

Switzerland Exports

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Market Competitiveness

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Measure

Switzerland
Top Destination
: United States, $62B

Spain
Top Destination
: France, $47.6B

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

In 2019, countries that imported more from Switzerland than Spain were United States ($62B), Germany ($49.2B), and India ($12B).

In 2019, countries that imported more from Spain than Switzerland were France ($47.6B), Portugal ($23.8B), and Italy ($22.8B).

Comparative Advantage Switzerland - Spain

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Flow

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

During 2020, Switzerland had a large net trade with Spain in the exports of Chemical Products ($5.59B), Instruments ($541M), and Machines ($485M).

During 2020, Spain had a large net trade with Switzerland in the exports of Chemical Products ($3.92B), Transportation ($698M), and Vegetable Products ($630M).

Tariff Section

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This section shows import tariffs for products traded between Switzerland and Spain (using the HS6 product classification and the last year reported).

In 2019, the products from Switzerland that paid the highest import tariffs to enter Spain were Non-alcoholic beverages; other than non-alcoholic beer, n.e.c. in item no. 2202.10, not including fruit or vegetable juices of heading no. 2009 (916k%) and Cigarettes containing tobacco (736k%).

In 2019, the products from Spain that paid the highest import tariffs to enter Switzerland were Sugar beet (168%) and Whey (164%).

*The tariffs present between Switzerland and Spain are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
218: Preferential tariff for European Union countries
218: Preferential tariff for European Union countries

Bilateral Service Trade

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In 2019, Switzerland exported services to Spain worth $1.61B, with Royalties and license fees ($686M), Computer and information services ($278M), and Financial services ($278M) being the largest in terms of value.

In 2019, Spain exported services to Switzerland worth $1.73B, with Travel ($1.73B) 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 Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Switzerland.