Germany (DEU) and Switzerland (CHE) Trade

2022

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Exports $59.5BRnk 9 / 223

2022

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About

Germany-Switzerland Trade: In 2022, Germany exported $59.5B to Switzerland. The main products that Germany exported to Switzerland were Packaged Medicaments ($6B), Cars ($4.71B), and Vaccines, blood, antisera, toxins and cultures ($3.88B). Over the past 5 years the exports of Germany to Switzerland have increased at an annualized rate of 16.9%, from $27.3B in 2017 to $59.5B in 2022.

In 2020, Germany exported services to Switzerland worth $21.5B, with Other business services ($9.35B), Royalties and license fees ($3.22B), and Transportation ($3.08B) being the largest in terms of value.

Switzerland-Germany Trade: In 2022, Switzerland exported $45.8B to Germany. The main products that Switzerland exported to Germany were Vaccines, blood, antisera, toxins and cultures ($6.49B), Gold ($6.36B), and Packaged Medicaments ($3.18B). Over the past 5 years the exports of Switzerland to Germany have increased at an annualized rate of 18.1%, from $19.9B in 2017 to $45.8B in 2022.

In 2019, Switzerland exported services to Germany worth $11.4B, with Travel ($2.85B), Transportation ($2.67B), and Computer and information services ($1.86B) being the largest in terms of value.

Comparison: In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

April, 2024

About

Overview In April 2024, Germany exported €6.44B and imported €4.59B from Switzerland, resulting in a positive trade balance of €1.85B. Between April 2023 and April 2024 the exports of Germany have increased by €1.53B (31.1%) from €4.91B to €6.44B, while imports increased by €741M (19.3%) from €3.85B to €4.59B.

Trade In April 2024, the top exports of Germany to Switzerland were Pharmaceutical products (€630M), Motor cars and motor caravans (€360M), Mineral oil products (€268M), Machinery for electricity production, distribution (€205M), and Other semi-finished products (€195M). In April 2024 the top imports of Germany from Switzerland were Pharmaceutical products (€830M), Basic pharmaceutical products (€432M), Machinery for electricity production, distribution (€218M), Returned goods (€188M), and Measuring and automatical control instruments (€169M).

Origins In April 2024 the exports of Germany were mainly from Baden-Württemberg (€2.15B), North Rhine-Westphalia (€633M), Bavaria (€594M), Hesse (€352M), and Lower Saxony (€224M), while imports destinations were mainly Baden-Württemberg (€1.6B), North Rhine-Westphalia (€716M), Hesse (€546M), and Bavaria (€480M).

Growth In April 2024, the increase in Germany's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Motor cars and motor caravans (€79.4M or 28.3%), Mineral oil products (€73.9M or 38.2%), and Gold for industrial purposes (€60.2M or 58.8%). In April 2024, the increase in Germany's year-by-year imports from Switzerland was explained primarily by an increase in product imports in Basic pharmaceutical products (€158M or 57.7%), Other prefabricated chemicals (€48M or 56.6%), and Measuring and automatical control instruments (€37.5M or 28.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)€1.53B(31.1%)

IMPORT GROWTH (April 2023 - April 2024)€741M(19.3%)

MAIN EXPORTER (April 2024)Baden-Württemberg€2.15B

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Switzerland and Germany trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $59.5B to Switzerland. The main products exported from Germany to Switzerland were Packaged Medicaments ($6B), Cars ($4.71B), and Vaccines, blood, antisera, toxins and cultures ($3.88B). During the last 5 years the exports of Germany to Switzerland have increased at an annualized rate of 16.9%, from $27.3B in 2017 to $59.5B in 2022.

In 2017, Switzerland exported $45.8B to Germany. The main products exported from Switzerland to Germany were Vaccines, blood, antisera, toxins and cultures ($6.49B), Gold ($6.36B), and Packaged Medicaments ($3.18B). During the last 22 years the exports of Switzerland to Germany have increased at an annualized rate of 18.1%, from $19.9B in 1995 to $45.8B in 2017.

Exports from Germany () to Switzerland () (2022)

Exports from Switzerland () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Germany than Switzerland included Netherlands ($109B), France ($120B), and United States ($153B).

In 2022, countries that imported more from Switzerland than Germany included Slovenia ($11.7B), Singapore ($9.81B), and Hong Kong ($7.58B).

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

Comparative Advantage Germany - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Switzerland in the exports of Chemical Products ($14.5B), Machines ($12.8B), and Mineral Products ($11.4B).

During 2017, Switzerland had a large net trade with Germany in the exports of Chemical Products ($16.6B), Machines ($9.04B), and Precious Metals ($7.5B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Germany Switzerland+$1.4BPackaged Medicaments

Top Product Potential Switzerland Germany+$1.74BPackaged Medicaments

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

Che Year

In 2019, Switzerland exported services to Germany worth $11.4B, with Travel ($2.85B), Transportation ($2.67B), and Computer and information services ($1.86B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany () to Switzerland () (N/A)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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