Flag Switzerland / United Kingdom Flag

Exports Flag β†’ Flag  (2018): $9.99B, Rnk 8 / 214

Top Product Flag β†’ Flag (2018): $1.25B, Packaged Medicaments

Exports Flag β†’ Flag (2018): $26.3B, Rnk 6 / 217

Top Product Flag β†’ Flag (2018): $18B, Gold

Economic Complexity of Flag (2018): ECI 2.01, Rnk 2 / 137

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

GDP Flag (2018): $705B, CURRENT US$
Rnk 20 / 196

GDP GROWTH Flag (2008-2018): 27.2%, CURRENT US$
Rnk 121 / 196

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP PC Flag (2018): $82,797, CURRENT US$
Rnk 4 / 196

GDP PC GROWTH Flag (2008-2018): 14.2%, CURRENT US$
Rnk 116 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

Switzerland-United Kingdom: In 2018, Switzerland exported $9.99B to United Kingdom. The main products exported from Switzerland to United Kingdom were Packaged Medicaments ($1.25B), Jewellery ($1.07B), and Blood, antisera, vaccines, toxins and cultures ($769M). During the last 23 years the exports of Switzerland to United Kingdom have increased at an annualized rate of 2.7%, from $5.41B in 1995 to $9.99B in 2018. In 2015, Switzerland exported services to United Kingdom worth $4.72B, with Computer and information services ($1.47B), Financial services ($1.41B), and Insurance services ($1.01B) being the largest in terms of value.

United Kingdom-Switzerland: In 2018, United Kingdom exported $26.3B to Switzerland. The main products exported from United Kingdom to Switzerland were Gold ($18B), Nitrogen Heterocyclic Compounds ($1.58B), and Jewellery ($1.07B). During the last 23 years the exports of United Kingdom to Switzerland have increased at an annualized rate of 7.98%, from $4.49B in 1995 to $26.3B in 2018. In 2017, United Kingdom exported services to Switzerland worth $23.4B, with Other business services ($8.32B), Insurance services ($8.07B), and Financial services ($2.52B) being the largest in terms of value.

Comparison: In 2018, Switzerland ranked 2 in the Economic Complexity Index (ECI 2.01), and 18 in total exports ($310B). That same year, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). In terms of GDP Per Capita, Switzerland was ranked 4 with a GDP Per Capita of $82,797, and United Kingdom was ranked 22 with a GDP Per Capita of $42,944.

Bilateral Trade by Products

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Depth
Value

In 2018, Switzerland exported $9.99B to United Kingdom. The main products exported from Switzerland to United Kingdom were Packaged Medicaments ($1.25B), Jewellery ($1.07B), and Blood, antisera, vaccines, toxins and cultures ($769M). During the last 23 years the exports of Switzerland to United Kingdom have increased at an annualized rate of 2.7%, from $5.41B in 1995 to $9.99B in 2018.

In 2018, United Kingdom exported $26.3B to Switzerland. The main products exported from United Kingdom to Switzerland were Gold ($18B), Nitrogen Heterocyclic Compounds ($1.58B), and Jewellery ($1.07B). During the last 23 years the exports of United Kingdom to Switzerland have increased at an annualized rate of 7.98%, from $4.49B in 1995 to $26.3B in 2018.

Market Competitiveness

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Measure

Switzerland
Top Destination
: Germany, $47.9B

United Kingdom
Top Destination
: United States, $61.9B

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

In 2018, countries that imported more from Switzerland than United Kingdom were India ($18.4B), China ($30.4B), and Hong Kong ($16B).

In 2018, countries that imported more from United Kingdom than Switzerland were Ireland ($27.4B), Netherlands ($33.3B), and United States ($61.9B).

Comparative Advantage Switzerland - United Kingdom

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Depth

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

During 2018, Switzerland had a large net trade with United Kingdom in the exports of Chemical Products ($2.71B), Precious Metals ($2.17B), and Instruments ($1.72B).

During 2018, United Kingdom had a large net trade with Switzerland in the exports of Precious Metals ($19.5B), Chemical Products ($2.76B), and Transportation ($1.02B).

Tariff Section

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In 2018, Switzerland and United Kingdom don't have data regarding the tariffs applied to the products exported, given a no tariff policy, or don't having any tariff history reported whatsoever.

To explore the different product levels and year available with data, visit our Tariff Explorer Section.

Explore Tariff Data

Trade Forecasts

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This section shows a forecast for total trade between Switzerland and United Kingdom. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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Che Year

In 2015, Switzerland exported services to United Kingdom worth $4.72B, with Computer and information services ($1.47B), Financial services ($1.41B), and Insurance services ($1.01B) being the largest in terms of value.

In 2017, United Kingdom exported services to Switzerland worth $23.4B, with Other business services ($8.32B), Insurance services ($8.07B), and Financial services ($2.52B) 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 red.  This mean that the more blue a dot/product is, the more Switzerland has comparative advantage over United Kingdom. Similarly, the more red a dot/product is, the more United Kingdom has comparative advantage over Switzerland.