2023
Flag  
GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
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GDP GROWTH
25.3%CURRENT US$
Rnk 125 / 195
2023
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 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP PC GROWTH
14%CURRENT US$
Rnk 122 / 195
2023
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GDP PC
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
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GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Switzerland-Mexico Trade: In 2023, Switzerland exported $1.99B to Mexico. The main products that Switzerland exported to Mexico were Vaccines, blood, antisera, toxins and cultures ($326M), Packaged Medicaments ($252M), and Base Metal Watches ($223M). Over the past 5 years the exports of Switzerland to Mexico have increased at an annualized rate of 3.8%, from $1.65B in 2018 to $1.99B in 2023.

In 2019, Switzerland exported services to Mexico worth $33.8M, with Travel ($33.8M) being the largest in terms of value.

Mexico-Switzerland Trade: In 2023, Mexico exported $2.96B to Switzerland. The main products that Mexico exported to Switzerland were Gold ($1.97B), Cars ($301M), and Lead Ore ($104M). Over the past 5 years the exports of Mexico to Switzerland have increased at an annualized rate of 17.1%,  from $1.34B in 2018 to $2.96B in 2023.

In 2023, Mexico did not export any services to Switzerland.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $1.99B to Mexico. The main products exported from Switzerland to Mexico were Vaccines, blood, antisera, toxins and cultures ($326M), Packaged Medicaments ($252M), and Base Metal Watches ($223M). During the last 5 years the exports of Switzerland to Mexico have increased at an annualized rate of 3.8%, from $1.65B in 2018 to $1.99B in 2023.

In 2018, Mexico exported $2.96B to Switzerland. The main products exported from Mexico to Switzerland were Gold ($1.97B), Cars ($301M), and Lead Ore ($104M). During the last 5 years the exports of Mexico to Switzerland have increased at an annualized rate of 17.1%, from $1.34B in 2023 to $2.96B in 2018.

Exports from Switzerland (Flag) to Mexico (Flag) (2023)

Exports from Mexico (Flag) to Switzerland (Flag) (2023)

Latest Data

Trade between Switzerland (Flag) and Mexico (Flag)

Switzerland Exports

Mexico Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Mexico
Top Destination
United States$456B

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

In 2023, countries that imported more from Switzerland than Mexico included Germany ($53.8B), China ($47.7B), and Italy ($19.4B).

In 2023, countries that imported more from Mexico than Switzerland included United States ($456B), Canada ($33B), and Chinese Taipei ($5.8B).

Difference in imports from Mexico (Flag) and Switzerland (Flag) (2023)

Comparative Advantage Switzerland - Mexico

Flow
Scale

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

During 2023, Switzerland had a large net trade with Mexico in the exports of Chemical Products ($750M), Machines ($555M), and Instruments ($409M).

During 2018, Mexico had a large net trade with Switzerland in the exports of Precious Metals ($1.98B), Transportation ($319M), and Instruments ($195M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Mexico+$99.3MPackaged Medicaments
Top Product Potential Mexico Switzerland+$173MCars

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 Mexico. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and Mexico (Flag) (2023)

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