2023
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GDP
$296BCURRENT US$
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2013-2023
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GDP GROWTH
9.35%CURRENT US$
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2023
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 GDP
$885BCURRENT US$
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2013-2023
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GDP GROWTH
25.3%CURRENT US$
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2023
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GDP PC 
$52,926CURRENT US$
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2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
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2023
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GDP PC
$99,565CURRENT US$
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2013-2023
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GDP PC GROWTH
14%CURRENT US$
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About

Finland-Switzerland Trade: In 2023, Finland exported $1.71B to Switzerland. The main products that Finland exported to Switzerland were Gold ($1.07B), Precious Metal Ore ($38.7M), and Non-Iron and Steel Slag, Ash and Residues ($32.1M). Over the past 5 years the exports of Finland to Switzerland have increased at an annualized rate of 13.7%, from $902M in 2018 to $1.71B in 2023.

In 2020, Finland exported services to Switzerland worth $748M, with Other business services ($376M), Transportation ($170M), and Computer and information services ($124M) being the largest in terms of value.

Switzerland-Finland Trade: In 2023, Switzerland exported $757M to Finland. The main products that Switzerland exported to Finland were Vaccines, blood, antisera, toxins and cultures ($125M), Packaged Medicaments ($94.4M), and Medical Instruments ($28M). Over the past 5 years the exports of Switzerland to Finland have increased at an annualized rate of 0.81%,  from $721M in 2018 to $757M in 2023.

In 2019, Switzerland exported services to Finland worth $277M, with Computer and information services ($121M), Royalties and license fees ($82.1M), and Travel ($27.4M) being the largest in terms of value.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $1.71B to Switzerland. The main products exported from Finland to Switzerland were Gold ($1.07B), Precious Metal Ore ($38.7M), and Non-Iron and Steel Slag, Ash and Residues ($32.1M). During the last 5 years the exports of Finland to Switzerland have increased at an annualized rate of 13.7%, from $902M in 2018 to $1.71B in 2023.

In 2018, Switzerland exported $757M to Finland. The main products exported from Switzerland to Finland were Vaccines, blood, antisera, toxins and cultures ($125M), Packaged Medicaments ($94.4M), and Medical Instruments ($28M). During the last 5 years the exports of Switzerland to Finland have increased at an annualized rate of 0.81%, from $721M in 2023 to $757M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Switzerland (Flag)

Finland Exports

Switzerland Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Switzerland
Top Destination
Germany$53.8B

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

In 2023, countries that imported more from Finland than Switzerland included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

In 2023, countries that imported more from Switzerland than Finland included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

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

Comparative Advantage Finland - Switzerland

Flow
Scale

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

During 2023, Finland had a large net trade with Switzerland in the exports of Precious Metals ($1.07B), Machines ($151M), and Mineral Products ($77.5M).

During 2018, Switzerland had a large net trade with Finland in the exports of Chemical Products ($259M), Machines ($171M), and Instruments ($103M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Switzerland+$16.8MPackaged Medicaments
Top Product Potential Switzerland Finland+$44.1MPackaged 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

In 2020, Finland exported services to Switzerland worth $748M, with Other business services ($376M), Transportation ($170M), and Computer and information services ($124M) being the largest in terms of value.

In 2019, Switzerland exported services to Finland worth $277M, with Computer and information services ($121M), Royalties and license fees ($82.1M), and Travel ($27.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Switzerland (Flag) (2020)

Services Exports from Switzerland (Flag) to Finland (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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