Flag Italy / Switzerland Flag

2019
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Exports
: $24.5B, Rnk 6 / 224

2019
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Top Product
: $2.9B, Packaged Medicaments

2019
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Exports
: $14.7B, Rnk 7 / 215

2019
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Top Product
: $1.79B, Packaged Medicaments

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 1.96, Rnk 3 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $703B, CURRENT US$
Rnk 20 / 187

2009-2019
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GDP GROWTH
: 29.8%, CURRENT US$
Rnk 126 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $81,994, CURRENT US$
Rnk 4 / 187

2009-2019
Flag
GDP PC GROWTH
: 17.3%, CURRENT US$
Rnk 123 / 187

Italy-Switzerland In 2019, Italy exported $24.5B to Switzerland. The main products that Italy exported to Switzerland are Packaged Medicaments ($2.9B), Gold ($2.89B), and Jewellery ($1.25B). During the last 24 years the exports of Italy to Switzerland have increased at an annualized rate of 4.49%, from $8.54B in 1995 to $24.5B in 2019.

In 2018, Italy exported services to Switzerland worth $9.92B, with Other business services ($4.47B), Travel ($2.98B), and Royalties and license fees ($1.16B) being the largest in terms of value.

Switzerland-Italy In 2019, Switzerland exported $14.7B to Italy . The main products that Switzerland exported to Italy were Packaged Medicaments ($1.79B), Gold ($1.45B), and Nitrogen Heterocyclic Compounds ($1.28B). During the last 24 years the exports of Switzerland to Italy have increased at an annualized rate of 2.55%, from $8.04B in 1995 to $14.7B in 2019.

In 2019, Switzerland exported services to Italy worth $4.97B, with Travel ($1.91B), Transportation ($949M), and Royalties and license fees ($765M) being the largest in terms of value.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($310B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $24.5B to Switzerland. The main products exported from Italy to Switzerland were Packaged Medicaments ($2.9B), Gold ($2.89B), and Jewellery ($1.25B). During the last 24 years the exports of Italy to Switzerland have increased at an annualized rate of 4.49%, from $8.54B in 1995 to $24.5B in 2019.

In 2019, Switzerland exported $14.7B to Italy. The main products exported from Switzerland to Italy were Packaged Medicaments ($1.79B), Gold ($1.45B), and Nitrogen Heterocyclic Compounds ($1.28B). During the last 24 years the exports of Switzerland to Italy have increased at an annualized rate of 2.55%, from $8.04B in 1995 to $14.7B in 2019.

Switzerland Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Switzerland
Top Destination
: Germany, $48.1B

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

In 2019, countries that imported more from Italy than Switzerland were France ($54.9B), Spain ($26.7B), and Germany ($64.5B).

In 2019, countries that imported more from Switzerland than Italy were India ($18.9B), China ($21.7B), and Singapore ($6.26B).

Comparative Advantage Italy - Switzerland

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Depth

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

During 2019, Italy had a large net trade with Switzerland in the exports of Precious Metals ($4.73B), Chemical Products ($4.16B), and Machines ($3.01B).

During 2019, Switzerland had a large net trade with Italy in the exports of Chemical Products ($5.92B), Precious Metals ($2.56B), and Machines ($1.4B).

Tariff Section

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This section shows import tariffs for products traded between Italy and Switzerland (using the HS6 product classification and the last year reported).

In 2017, the products from Italy that paid the highest import tariffs to enter Switzerland were Sugar beet (178%) and Whey (173%).

In 2018, the products from Switzerland that paid the highest import tariffs to enter Italy were Fowls, live domestic < 185 grams (0%) and Poultry: live, turkeys, weighing not more than 185g (0%).

*The tariffs present between Italy and Switzerland are:
136: Most Favoured Nation duty rate treatement
306: Preferential tariff for Switzerland

Bilateral Service Trade

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In 2018, Italy exported services to Switzerland worth $9.92B, with Other business services ($4.47B), Travel ($2.98B), and Royalties and license fees ($1.16B) being the largest in terms of value.

In 2019, Switzerland exported services to Italy worth $4.97B, with Travel ($1.91B), Transportation ($949M), and Royalties and license fees ($765M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Switzerland. Similarly, the more red a dot/product is, the more Switzerland has comparative advantage over Italy.