Switzerland (CHE) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Switzerland-Iran Trade: In 2022, Switzerland exported $149M to Iran. The main products that Switzerland exported to Iran were Packaged Medicaments ($49.2M), Vaccines, blood, antisera, toxins and cultures ($24.7M), and Orthopedic Appliances ($16.5M). Over the past 5 years the exports of Switzerland to Iran have decreased at an annualized rate of 41.1%, from $2.11B in 2017 to $149M in 2022.

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

Iran-Switzerland Trade: In 2022, Iran exported $17.8M to Switzerland. The main products that Iran exported to Switzerland were Knotted Carpets ($4.32M), Other Nuts ($3.32M), and Styrene Polymers ($2M). Over the past 5 years the exports of Iran to Switzerland have decreased at an annualized rate of 23.7%, from $68.8M in 2017 to $17.8M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Switzerland exported $149M to Iran. The main products exported from Switzerland to Iran were Packaged Medicaments ($49.2M), Vaccines, blood, antisera, toxins and cultures ($24.7M), and Orthopedic Appliances ($16.5M). During the last 5 years the exports of Switzerland to Iran have decreased at an annualized rate of 41.1%, from $2.11B in 2017 to $149M in 2022.

In 2017, Iran exported $17.8M to Switzerland. The main products exported from Iran to Switzerland were Knotted Carpets ($4.32M), Other Nuts ($3.32M), and Styrene Polymers ($2M). During the last 5 years the exports of Iran to Switzerland have decreased at an annualized rate of 23.7%, from $68.8M in 2022 to $17.8M in 2017.

Exports from Switzerland () to Iran () (2022)

Exports from Iran () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Iran ()

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Switzerland than Iran included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

In 2022, countries that imported more from Iran than Switzerland included Armenia ($557M), Pakistan ($762M), and Azerbaijan ($454M).

Difference in imports from Iran () and Switzerland () (2022)

Comparative Advantage Switzerland - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Iran in the exports of Chemical Products ($95.8M), Instruments ($29.2M), and Machines ($15.5M).

During 2017, Iran had a large net trade with Switzerland in the exports of Vegetable Products ($6.33M), Textiles ($5.25M), and Plastics and Rubbers ($2.04M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Iran+$32MPackaged Medicaments

Top Product Potential Iran Switzerland+$2.17MOther Nuts

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Iran () (2022)

Exports from Iran () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Iran ()

Switzerland Exports

Market Competitiveness

Difference in imports from Iran () and Switzerland () (2022)

Comparative Advantage Switzerland - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Iran () (2022)

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