Switzerland / South Korea

Switzerland-South Korea Trade: In 2022, Switzerland exported $3.74B to South Korea. The main products that Switzerland exported to South Korea were Base Metal Watches ($538M), Packaged Medicaments ($420M), and Vaccines, blood, antisera, toxins and cultures ($354M). Over the past 5 years the exports of Switzerland to South Korea have increased at an annualized rate of 2.91%, from $3.24B in 2017 to $3.74B in 2022.

In 2019, Switzerland exported services to South Korea worth $178M, with Travel ($178M) being the largest in terms of value.

South Korea-Switzerland Trade: In 2022, South Korea exported $1.86B to Switzerland. The main products that South Korea exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($816M), Cars ($188M), and Gold ($107M). Over the past 5 years the exports of South Korea to Switzerland have increased at an annualized rate of 23.5%,  from $647M in 2017 to $1.86B in 2022.

In 2005, South Korea exported services to Switzerland worth $250M, with Transportation ($127M), Other business services ($88M), and Travel ($16.9M) being the largest in terms of value.

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).