Flag Turkey / Switzerland Flag

2020
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Exports
: $1.52B, Rnk 27 / 215

2020
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Top Product
: $226M, Gold

2020
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Exports
: $6.49B, Rnk 11 / 217

2020
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Top Product
: $4.71B, Gold

2020
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Economic Complexity (ECI)
: ECI 0.58, Rnk 38 / 127

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

2020
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GDP
: $720B, CURRENT US$
Rnk 19 / 195

2010-2020
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GDP GROWTH
: -7.34%, CURRENT US$
Rnk 170 / 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 
: $8,536, CURRENT US$
Rnk 79 / 195

2010-2020
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GDP PC GROWTH
: -20.5%, CURRENT US$
Rnk 171 / 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

Turkey-Switzerland In 2020, Turkey exported $1.52B to Switzerland. The main products that Turkey exported to Switzerland are Gold ($226M), Cars ($89.8M), and Non-Knit Men's Suits ($61.7M). During the last 25 years the exports of Turkey to Switzerland have increased at an annualized rate of 7.41%, from $254M in 1995 to $1.52B in 2020.

In 2011, Turkey exported services to Switzerland worth $268M, with Travel ($257M), Insurance services ($6.51M), and Other business services ($4.65M) being the largest in terms of value.

Switzerland-Turkey In 2020, Switzerland exported $6.49B to Turkey . The main products that Switzerland exported to Turkey were Gold ($4.71B), Blood, antisera, vaccines, toxins and cultures ($298M), and Packaged Medicaments ($220M). During the last 25 years the exports of Switzerland to Turkey have increased at an annualized rate of 8.39%, from $865M in 1995 to $6.49B in 2020.

In 2019, Switzerland exported services to Turkey worth $446M, with Financial services ($191M), Royalties and license fees ($112M), and Travel ($67.4M) being the largest in terms of value.

Comparison In 2020,  Turkey ranked 38 in the Economic Complexity Index (ECI 0.58), and 29 in total exports ($177B). 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
Compare to

In 2020, Turkey exported $1.52B to Switzerland. The main products exported from Turkey to Switzerland were Gold ($226M), Cars ($89.8M), and Non-Knit Men's Suits ($61.7M). During the last 25 years the exports of Turkey to Switzerland have increased at an annualized rate of 7.41%, from $254M in 1995 to $1.52B in 2020.

In 2020, Switzerland exported $6.49B to Turkey. The main products exported from Switzerland to Turkey were Gold ($4.71B), Blood, antisera, vaccines, toxins and cultures ($298M), and Packaged Medicaments ($220M). During the last 25 years the exports of Switzerland to Turkey have increased at an annualized rate of 8.39%, from $865M in 1995 to $6.49B in 2020.

Turkey Exports

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Switzerland Exports

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Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.3B

Switzerland
Top Destination
: United States, $62B

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

In 2019, countries that imported more from Turkey than Switzerland were Iraq ($9.14B), Romania ($3.96B), and Bulgaria ($2.63B).

In 2019, countries that imported more from Switzerland than Turkey were United States ($62B), Germany ($49.2B), and China ($17.3B).

Comparative Advantage Turkey - Switzerland

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Flow

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

During 2020, Turkey had a large net trade with Switzerland in the exports of Textiles ($407M), Precious Metals ($280M), and Transportation ($219M).

During 2020, Switzerland had a large net trade with Turkey in the exports of Precious Metals ($4.84B), Chemical Products ($883M), and Machines ($313M).

Tariff Section

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

In 2019, the products from Turkey that paid the highest import tariffs to enter Switzerland were Bovine cuts boneless, fresh or chilled (225%)and Bovine cuts boneless, frozen (225%).

In 2019, the products from Switzerland that paid the highest import tariffs to enter Turkey were Non-alcoholic beverages; other than non-alcoholic beer, n.e.c. in item no. 2202.10, not including fruit or vegetable juices of heading no. 2009 (916k%)and Cigarettes containing tobacco (736k%).

*The tariffs present between Turkey and Switzerland are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
217: Preferential tariff for European Free Trade Association (EFTA) countries
217: Preferential tariff for European Free Trade Association (EFTA) countries

Bilateral Service Trade

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In 2011, Turkey exported services to Switzerland worth $268M, with Travel ($257M), Insurance services ($6.51M), and Other business services ($4.65M) being the largest in terms of value.

In 2019, Switzerland exported services to Turkey worth $446M, with Financial services ($191M), Royalties and license fees ($112M), and Travel ($67.4M) 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 Turkey has comparative advantage over Switzerland. Similarly, the more red a dot/product is, the more Switzerland has comparative advantage over Turkey.