Switzerland (CHE) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Switzerland-Russia Trade: In 2022, Switzerland exported $3.12B to Russia. The main products that Switzerland exported to Russia were Packaged Medicaments ($1.05B), Vaccines, blood, antisera, toxins and cultures ($948M), and Nitrogen Heterocyclic Compounds ($167M). Over the past 5 years the exports of Switzerland to Russia have increased at an annualized rate of 6.62%, from $2.27B in 2017 to $3.12B in 2022.

In 2019, Switzerland exported services to Russia worth $2.26B, with Transportation ($1.27B), Royalties and license fees ($360M), and Financial services ($301M) being the largest in terms of value.

Russia-Switzerland In N/A, Russia did not export any products to Switzerland.

In 2020, Russia exported services to Switzerland worth $3.64B, with Transportation ($1.65B), Other business services ($929M), and Construction services ($403M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Switzerland exported $3.12B to Russia. The main products exported from Switzerland to Russia were Packaged Medicaments ($1.05B), Vaccines, blood, antisera, toxins and cultures ($948M), and Nitrogen Heterocyclic Compounds ($167M). During the last 5 years the exports of Switzerland to Russia have increased at an annualized rate of 6.62%, from $2.27B in 2017 to $3.12B in 2022.

Russia does not register exports to Switzerland. The main products exported from Russia to Switzerland were Gold ($3.71B), Platinum ($72.6M), and Petroleum Gas ($14.3M).

Exports from Switzerland () to Russia () (2022)

Exports from Russia () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Russia ()

Switzerland Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Switzerland than Russia included United States ($61.7B), Germany ($53.5B), and Austria ($10.8B).

In 2022, countries that imported more from Russia than Switzerland included China ($101B), India ($40.4B), and Kazakhstan ($16.5B).

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

Comparative Advantage Switzerland - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Russia in the exports of Chemical Products ($2.38B), Instruments ($211M), and Machines ($203M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Russia+$285MPackaged Medicaments

Top Product Potential Russia Switzerland+$50.2MPetroleum Gas

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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Bilateral Service Trade

Rus Year

Che Year

In 2019, Switzerland exported services to Russia worth $2.26B, with Transportation ($1.27B), Royalties and license fees ($360M), and Financial services ($301M) being the largest in terms of value.

In 2020, Russia exported services to Switzerland worth $3.64B, with Transportation ($1.65B), Other business services ($929M), and Construction services ($403M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland () to Russia () (2019)

Services Exports from Russia () to Switzerland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Russia () (2022)

Exports from Russia () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Russia ()

Switzerland Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Switzerland () to Russia () (2019)

Services Exports from Russia () to Switzerland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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