Italy / Switzerland

Italy-Switzerland Trade: In 2023, Italy exported $29.3B to Switzerland. The main products that Italy exported to Switzerland were Packaged Medicaments ($6.74B), Gold ($1.83B), and Jewellery ($1.64B). Over the past 5 years the exports of Italy to Switzerland have increased at an annualized rate of 5.78%, from $22.1B in 2018 to $29.3B in 2023.

In 2020, Italy exported services to Switzerland worth $7.06B, with Other business services ($4.38B), Travel ($1.46B), and Transportation ($396M) being the largest in terms of value.

Switzerland-Italy Trade: In 2023, Switzerland exported $19.4B to Italy. The main products that Switzerland exported to Italy were Electricity ($3.06B), Gold ($2.67B), and Packaged Medicaments ($2.67B). Over the past 5 years the exports of Switzerland to Italy have increased at an annualized rate of 2.92%,  from $13B in 2018 to $19.4B in 2023.

In 2019, Switzerland exported services to Italy worth $5.53B, with Travel ($2.13B), Transportation ($1.06B), and Royalties and license fees ($851M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).