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2022
Flag → Flag
Exports $1.51BRnk 40 / 217
2022
Flag → Flag
Top Product $278MDiamonds
2022
Flag → Flag
Exports $20.2BRnk 6 / 219
2022
Flag → Flag
Top Product $13BGold
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

India-Switzerland Trade: In 2022, India exported $1.51B to Switzerland. The main products that India exported to Switzerland were Diamonds ($278M), Nitrogen Heterocyclic Compounds ($245M), and Raw Aluminium ($188M). Over the past 5 years the exports of India to Switzerland have increased at an annualized rate of 34.9%, from $339M in 2017 to $1.51B in 2022.

In 2022, India did not export any services to Switzerland.

Switzerland-India Trade: In 2022, Switzerland exported $20.2B to India. The main products that Switzerland exported to India were Gold ($13B), Coal Briquettes ($411M), and Packaged Medicaments ($161M). Over the past 5 years the exports of Switzerland to India have increased at an annualized rate of 79.9%,  from $1.07B in 2017 to $20.2B in 2022.

In 2019, Switzerland exported services to India worth $958M, with Travel ($473M), Royalties and license fees ($187M), and Transportation ($137M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $183M and imported $2.2B from Switzerland, resulting in a negative trade balance of $2.02B. Between April 2023 and April 2024 the exports of India have increased by $73.9M (67.8%) from $109M to $183M, while imports increased by $1.51B (216%) from $696M to $2.2B.

Trade In April 2024, the top exports of India to Switzerland were N/A. In April 2024 the top imports of India from Switzerland were Gold ($147M), Drug Formulations, Biologicals ($38M), Vegetable Oils ($30.1M), Indl. Machnry For Dairy Etc ($22.1M), and Medical And Scientific Instrum ($20.5M).

Growth In April 2024, the increase in India's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Residul Chemicl And Alled Prod ($9.83M or 39%), Other Commodities ($2.18M or 180%), and Other Misc. Engineering Items ($1.55M or 67.9%). In April 2024, the increase in India's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Vegetable Oils ($30.1M or 11.4M%), Residul Chemicl And Alled Prod ($8.89M or 440%), and Indl. Machnry For Dairy Etc ($6.87M or 45.2%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)$73.9M(67.8%)
IMPORT GROWTH (April 2023 - April 2024)$1.51B(216%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.51B to Switzerland. The main products exported from India to Switzerland were Diamonds ($278M), Nitrogen Heterocyclic Compounds ($245M), and Raw Aluminium ($188M). During the last 5 years the exports of India to Switzerland have increased at an annualized rate of 34.9%, from $339M in 2017 to $1.51B in 2022.

In 2017, Switzerland exported $20.2B to India. The main products exported from Switzerland to India were Gold ($13B), Coal Briquettes ($411M), and Packaged Medicaments ($161M). During the last 22 years the exports of Switzerland to India have increased at an annualized rate of 79.9%, from $1.07B in 1995 to $20.2B in 2017.

Exports from India (Flag) to Switzerland (Flag) (2022)

Exports from Switzerland (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from India than Switzerland included United Arab Emirates ($31.6B), United States ($82.9B), and Bangladesh ($13.8B).

In 2022, countries that imported more from Switzerland than India included Germany ($53.5B), China ($44.1B), and Italy ($22.8B).

Difference in imports from Switzerland (Flag) and India (Flag) (2022)

Comparative Advantage India - Switzerland

Flow
Scale

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

During 2022, India had a large net trade with Switzerland in the exports of Chemical Products ($908M), Precious Metals ($321M), and Textiles ($313M).

During 2017, Switzerland had a large net trade with India in the exports of Precious Metals ($13.1B), Machines ($656M), and Chemical Products ($597M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Switzerland+$109MDiamonds
Top Product Potential Switzerland India+$91.6MPackaged 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 2019, Switzerland exported services to India worth $958M, with Travel ($473M), Royalties and license fees ($187M), and Transportation ($137M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Switzerland (Flag) (2022)

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