2023
Exports
$80.7BWorld Rnk 4 / 225
Flag Rnk 2 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$58.2BWorld Rnk 3 / 226
Flag Rnk 2 / 96
2023
ECONOMIC COMPLEXITY of Switzerland
1.96Rnk 3 / 132

About

Exports In 2023, Switzerland exported $80.7B in Pharmaceutical products, making it the 4th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 2nd most exported product in Switzerland. The main destination of Pharmaceutical products exports from Switzerland are: United States ($17.9B), Germany ($10.3B), Belgium ($7.23B), Slovenia ($6.18B), and China ($4.59B).

The fastest growing export markets for Pharmaceutical products of Switzerland between 2022 and 2023 were Belgium ($1.47B), Italy ($1.42B), and Egypt ($276M).

Imports In 2023, Switzerland imported $58.2B in Pharmaceutical products, becoming the 3rd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 2nd most imported product in Switzerland. Switzerland imports Pharmaceutical products primarily from: Slovenia ($12.6B), Germany ($10.3B), Italy ($7.19B), Spain ($5.7B), and United States ($4.96B).

The fastest growing import markets in Pharmaceutical products for Switzerland between 2022 and 2023 were Slovenia ($6.11B), Italy ($2.53B), and Ireland ($760M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Pharmaceutical products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$80.7B
IMPORTS (2023)$58.2B
NET TRADE (2023)$22.5B

In 2023, Switzerland exported $80.7B in Pharmaceutical products. The main destinations of Switzerland exports on Pharmaceutical products were United States ($17.9B), Germany ($10.3B), Belgium ($7.23B), Slovenia ($6.18B), and China ($4.59B).

In 2023, Switzerland imported $58.2B in Pharmaceutical products, mainly from Slovenia ($12.6B), Germany ($10.3B), Italy ($7.19B), Spain ($5.7B), and United States ($4.96B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Switzerland WERE (2022 - 2023):
Belgium$1.47B (25.6%)
Italy$1.42B (69.9%)
Egypt$276M (37.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Switzerland WERE (2022 - 2023):
United States-$2.1B (-10.5%)
Spain-$1.58B (-43%)
Slovenia-$393M (-5.97%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Switzerland's main exporting competitors in Pharmaceutical products were:
In 2023, Switzerland's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.33B
TOP IMPORT POTENTIALGermany+ $2.16B

Pharmaceutical products’s highest export potential is Germany. With an export gap of $3.33B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $2.16B.

See methodology.

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