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2023
Flag → Flag
Exports $2.84BRnk 31 / 142
2023
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Top Product $1.55BVaccines, blood, antisera, toxins and cultures
2023
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Exports $3.57BRnk 22 / 219
2023
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Top Product $517MBase Metal Watches
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI 1.96Rnk 3 / 132
2023
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GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$885BCURRENT US$
Rnk 20 / 195
2013-2023
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GDP GROWTH25.3%CURRENT US$
Rnk 125 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$99,565CURRENT US$
Rnk 5 / 196
2013-2023
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GDP PC GROWTH14%CURRENT US$
Rnk 122 / 195

About

South Korea-Switzerland Trade: In 2023, South Korea exported $2.84B to Switzerland. The main products that South Korea exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($1.55B), Cars ($345M), and Gold ($140M). Over the past 5 years the exports of South Korea to Switzerland have increased at an annualized rate of 29%, from $794M in 2018 to $2.84B in 2023.

In 2005, South Korea exported services to Switzerland worth $250M, with Transportation ($127M), Other business services ($88M), and Travel ($16.9M) being the largest in terms of value.

Switzerland-South Korea Trade: In 2023, Switzerland exported $3.57B to South Korea. The main products that Switzerland exported to South Korea were Base Metal Watches ($517M), Vaccines, blood, antisera, toxins and cultures ($409M), and Jewellery ($391M). Over the past 5 years the exports of Switzerland to South Korea have increased at an annualized rate of 3.06%,  from $3.07B in 2018 to $3.57B in 2023.

In 2019, Switzerland exported services to South Korea worth $178M, with Travel ($178M) being the largest in terms of value.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $101M and imported $284M from Switzerland, resulting in a negative trade balance of $183M. Between January 2024 and January 2025 the exports of South Korea have decreased by $-7.32M (-6.74%) from $109M to $101M, while imports increased by $5.1M (1.83%) from $279M to $284M.

Trade In January 2025, the top exports of South Korea to Switzerland were Pharmaceutical products ($45.9M), Cars, tractors, trucks & parts thereof. ($22.1M), Glues, starches, & albuminoid products ($14.5M), Precious stones, metals, & pearls ($5.35M), and Machinery, mechanical appliances, & parts ($3.78M). In January 2025 the top imports of South Korea from Switzerland were Clocks, watches, & parts ($65.2M), Pharmaceutical products ($61.1M), Machinery, mechanical appliances, & parts ($38.2M), Optical, photo, & film equipment; medical... ($29M), and Precious stones, metals, & pearls ($23.2M).

Growth In January 2025, the decrease in South Korea's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Precious stones, metals, & pearls ($-3.86M or -41.9%), Organic chemicals ($-1.63M or -65.8%), and Pharmaceutical products ($-803k or -1.72%). In January 2025, the increase in South Korea's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Precious stones, metals, & pearls ($10.8M or 87.4%), Pharmaceutical products ($9.03M or 17.4%), and Clocks, watches, & parts ($7.9M or 13.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$-7.32M(-6.74%)
IMPORT GROWTH (January 2024 - January 2025)$5.1M(1.83%)

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

To check Switzerland and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $2.84B to Switzerland. The main products exported from South Korea to Switzerland were Vaccines, blood, antisera, toxins and cultures ($1.55B), Cars ($345M), and Gold ($140M). During the last 5 years the exports of South Korea to Switzerland have increased at an annualized rate of 29%, from $794M in 2018 to $2.84B in 2023.

In 2018, Switzerland exported $3.57B to South Korea. The main products exported from Switzerland to South Korea were Base Metal Watches ($517M), Vaccines, blood, antisera, toxins and cultures ($409M), and Jewellery ($391M). During the last 5 years the exports of Switzerland to South Korea have increased at an annualized rate of 3.06%, from $3.07B in 2023 to $3.57B in 2018.

Exports from South Korea (Flag) to Switzerland (Flag) (2023)

Exports from Switzerland (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Switzerland
Top DestinationGermany$53.8B

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

In 2023, countries that imported more from South Korea than Switzerland included China ($162B), United States ($118B), and Chinese Taipei ($28.2B).

In 2023, countries that imported more from Switzerland than South Korea included Germany ($53.8B), Italy ($19.4B), and Slovenia ($10.6B).

Difference in imports from Switzerland (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Switzerland

Flow
Scale

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

During 2023, South Korea had a large net trade with Switzerland in the exports of Chemical Products ($1.7B), Transportation ($365M), and Machines ($239M).

During 2018, Switzerland had a large net trade with South Korea in the exports of Chemical Products ($1.1B), Instruments ($1.1B), and Machines ($615M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Switzerland+$143MCars
Top Product Potential Switzerland South Korea+$107MPackaged 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 2005, South Korea exported services to Switzerland worth $250M, with Transportation ($127M), Other business services ($88M), and Travel ($16.9M) being the largest in terms of value.

In 2019, Switzerland exported services to South Korea worth $178M, with Travel ($178M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Switzerland (Flag) (2005)

Services Exports from Switzerland (Flag) to South Korea (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Switzerland (Flag) (2023)

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