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Pricing

2022
Flag → Flag
Exports $1.86BRnk 41 / 220
2022
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Top Product $816MVaccines, blood, antisera, toxins and cultures
2022
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Exports $3.74BRnk 22 / 219
2022
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Top Product $538MBase Metal Watches
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 128 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$92,101CURRENT US$
Rnk 5 / 186
2012-2022
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GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

South Korea-Switzerland Trade: In 2022, South Korea exported $1.86B to Switzerland. The main products that South Korea exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($816M), Cars ($188M), and Gold ($107M). Over the past 5 years the exports of South Korea to Switzerland have increased at an annualized rate of 23.5%, from $647M in 2017 to $1.86B in 2022.

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 2022, Switzerland exported $3.74B to South Korea. The main products that Switzerland exported to South Korea were Base Metal Watches ($538M), Packaged Medicaments ($420M), and Vaccines, blood, antisera, toxins and cultures ($354M). Over the past 5 years the exports of Switzerland to South Korea have increased at an annualized rate of 2.91%,  from $3.24B in 2017 to $3.74B in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

November, 2024

About

Overview In November 2024, South Korea exported $92.9M and imported $314M from Switzerland, resulting in a negative trade balance of $221M. Between November 2023 and November 2024 the exports of South Korea have decreased by $-8.82M (-8.67%) from $102M to $92.9M, while imports increased by $67M (27.2%) from $247M to $314M.

Trade In November 2024, the top exports of South Korea to Switzerland were Pharmaceutical products ($46.8M), Cars, tractors, trucks & parts thereof. ($17.3M), Precious stones, metals, & pearls ($9.21M), Electrical machinery and electronics ($3.69M), and Machinery, mechanical appliances, & parts ($2.93M). In November 2024 the top imports of South Korea from Switzerland were Clocks, watches, & parts ($57.3M), Pharmaceutical products ($52.1M), Machinery, mechanical appliances, & parts ($44.5M), Optical, photo, & film equipment; medical... ($25.7M), and Ores, slag and ash ($16.4M).

Growth In November 2024, 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 ($-7.33M or -44.3%), Chemical products n.e.s. ($-2.13M or -80.6%), and Electrical machinery and electronics ($-1.09M or -22.8%). In November 2024, the increase in South Korea's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Machinery, mechanical appliances, & parts ($4.67M or 11.7%), Electrical machinery and electronics ($1.93M or 16.1%), and Clocks, watches, & parts ($1.54M or 2.76%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$-8.82M(-8.67%)
IMPORT GROWTH (November 2023 - November 2024)$67M(27.2%)

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 2022, South Korea exported $1.86B to Switzerland. The main products exported from South Korea to Switzerland were Vaccines, blood, antisera, toxins and cultures ($816M), Cars ($188M), and Gold ($107M). During the last 5 years the exports of South Korea to Switzerland have increased at an annualized rate of 23.5%, from $647M in 2017 to $1.86B in 2022.

In 2017, Switzerland exported $3.74B to South Korea. The main products exported from Switzerland to South Korea were Base Metal Watches ($538M), Packaged Medicaments ($420M), and Vaccines, blood, antisera, toxins and cultures ($354M). During the last 5 years the exports of Switzerland to South Korea have increased at an annualized rate of 2.91%, from $3.24B in 2022 to $3.74B in 2017.

Exports from South Korea (Flag) to Switzerland (Flag) (2022)

Exports from Switzerland (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Switzerland
Top DestinationUnited States$61.7B

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 2022, countries that imported more from South Korea than Switzerland included China ($150B), Vietnam ($60.7B), and United States ($112B).

In 2022, countries that imported more from Switzerland than South Korea included Germany ($53.5B), Italy ($22.8B), and France ($20.4B).

Difference in imports from Switzerland (Flag) and South Korea (Flag) (2022)

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 2022, South Korea had a large net trade with Switzerland in the exports of Chemical Products ($971M), Precious Metals ($237M), and Transportation ($210M).

During 2017, Switzerland had a large net trade with South Korea in the exports of Chemical Products ($1.17B), Instruments ($1.14B), and Machines ($629M).

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) (2022)

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