2022
Flag  
GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Switzerland-India Trade: In 2022, Switzerland exported $16B to India. The main products that Switzerland exported to India were Gold ($13B), Coal Briquettes ($411M), and Packaged Medicaments ($161M). Over the past 5 years the exports of Switzerland to India have decreased at an annualized rate of 4.58%, from $20.2B in 2017 to $16B in 2022.

In 2019, Switzerland exported services to India worth $958M, with Travel ($473M), Royalties and license fees ($187M), and Transportation ($137M) being the largest in terms of value.

India-Switzerland Trade: In 2022, India exported $2.46B to Switzerland. The main products that India exported to Switzerland were Diamonds ($278M), Nitrogen Heterocyclic Compounds ($245M), and Raw Aluminium ($188M). Over the past 5 years the exports of India to Switzerland have increased at an annualized rate of 10.2%,  from $1.51B in 2017 to $2.46B in 2022.

In 2022, India did not export any services to Switzerland.

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $16B to India. The main products exported from Switzerland to India were Gold ($13B), Coal Briquettes ($411M), and Packaged Medicaments ($161M). During the last 5 years the exports of Switzerland to India have decreased at an annualized rate of 4.58%, from $20.2B in 2017 to $16B in 2022.

In 2017, India exported $2.46B to Switzerland. The main products exported from India to Switzerland were Diamonds ($278M), Nitrogen Heterocyclic Compounds ($245M), and Raw Aluminium ($188M). During the last 5 years the exports of India to Switzerland have increased at an annualized rate of 10.2%, from $1.51B in 2022 to $2.46B in 2017.

Exports from Switzerland (Flag) to India (Flag) (2022)

Exports from India (Flag) to Switzerland (Flag) (2022)

Latest Data

Trade between Switzerland (Flag) and India (Flag)

Switzerland Exports

India Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
India
Top Destination
United States$82.9B

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

In 2022, countries that imported more from Switzerland than India included Germany ($53.5B), China ($44.1B), and Italy ($22.8B).

In 2022, countries that imported more from India than Switzerland included United Arab Emirates ($31.6B), United States ($82.9B), and Bangladesh ($13.8B).

Difference in imports from India (Flag) and Switzerland (Flag) (2022)

Comparative Advantage Switzerland - India

Flow
Scale

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

During 2022, Switzerland had a large net trade with India in the exports of Precious Metals ($13.1B), Machines ($656M), and Chemical Products ($597M).

During 2017, India had a large net trade with Switzerland in the exports of Chemical Products ($908M), Precious Metals ($321M), and Textiles ($313M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland India+$91.6MPackaged Medicaments
Top Product Potential India Switzerland+$109MDiamonds

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of Switzerland (Flag) and India (Flag) (2022)

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