Flag Italy / Switzerland Flag

2020
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Exports
: $25.1B, Rnk 4 / 213

2020
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Top Product
: $5.01B, Gold

2020
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Exports
: $13.6B, Rnk 6 / 217

2020
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Top Product
: $1.85B, Packaged Medicaments

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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Economic Complexity (ECI)
: ECI 1.99, Rnk 2 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
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 GDP
: $752B, CURRENT US$
Rnk 18 / 195

2010-2020
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GDP GROWTH
: 24.7%, CURRENT US$
Rnk 107 / 195

2020
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GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
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GDP PC
: $87,097, CURRENT US$
Rnk 4 / 195

2010-2020
Flag
GDP PC GROWTH
: 12.9%, CURRENT US$
Rnk 105 / 195

Italy-Switzerland In 2020, Italy exported $25.1B to Switzerland. The main products that Italy exported to Switzerland are Gold ($5.01B), Packaged Medicaments ($3.1B), and Trunks and Cases ($787M). During the last 25 years the exports of Italy to Switzerland have increased at an annualized rate of 4.35%, from $8.64B in 1995 to $25.1B in 2020.

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 2020, Switzerland exported $13.6B to Italy . The main products that Switzerland exported to Italy were Packaged Medicaments ($1.85B), Nitrogen Heterocyclic Compounds ($1.73B), and Gold ($1.17B). During the last 25 years the exports of Switzerland to Italy have increased at an annualized rate of 2.18%, from $7.95B in 1995 to $13.6B in 2020.

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 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.99), and 15 in total exports ($305B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $25.1B to Switzerland. The main products exported from Italy to Switzerland were Gold ($5.01B), Packaged Medicaments ($3.1B), and Trunks and Cases ($787M). During the last 25 years the exports of Italy to Switzerland have increased at an annualized rate of 4.35%, from $8.64B in 1995 to $25.1B in 2020.

In 2020, Switzerland exported $13.6B to Italy. The main products exported from Switzerland to Italy were Packaged Medicaments ($1.85B), Nitrogen Heterocyclic Compounds ($1.73B), and Gold ($1.17B). During the last 25 years the exports of Switzerland to Italy have increased at an annualized rate of 2.18%, from $7.95B in 1995 to $13.6B in 2020.

Switzerland Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Switzerland
Top Destination
: United States, $62B

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 ($49.5B), Spain ($22B), and Germany ($62.1B).

In 2019, countries that imported more from Switzerland than Italy were United States ($62B), India ($12B), and Singapore ($5.67B).

Comparative Advantage Italy - Switzerland

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Flow

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

During 2020, Italy had a large net trade with Switzerland in the exports of Precious Metals ($6.47B), Chemical Products ($4.35B), and Machines ($2.84B).

During 2020, Switzerland had a large net trade with Italy in the exports of Chemical Products ($6.29B), Precious Metals ($1.9B), and Machines ($1.18B).

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 yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Italy.