About

Overview In 2021, Switzerland was the number 20 economy in the world in terms of GDP (current US$), the number 17 in total exports, the number 20 in total imports, the number 6 economy in terms of GDP per capita (current US$) and the number 2 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Switzerland are Gold ($86.7B), Packaged Medicaments ($48.5B), Vaccines, blood, antisera, toxins and cultures ($40.3B), Base Metal Watches ($15.2B), and Nitrogen Heterocyclic Compounds ($14.6B), exporting mostly to Germany ($55.2B), United States ($51.1B), China ($33.1B), India ($31.8B), and France ($18.9B).

In 2021, Switzerland was the world's biggest exporter of Gold ($86.7B), Base Metal Watches ($15.2B), Precious Metal Watches ($8.97B), Documents of title (bonds etc) and unused stamps ($566M), and Hydrazine or Hydroxylamine Derivatives ($565M)

Imports The top imports of Switzerland are Gold ($83.8B), Packaged Medicaments ($28.4B), Vaccines, blood, antisera, toxins and cultures ($11.2B), Cars ($10.2B), and Jewellery ($8B), importing mostly from Germany ($70B), Italy ($26.4B), United Kingdom ($25.7B), United States ($22.2B), and France ($19.4B).

In 2021, Switzerland was the world's biggest importer of Gold ($83.8B), Watch Straps ($608M), Other Clocks and Watches ($352M), Watch Cases and Parts ($349M), and Cereal Straws ($72.1M)

Location Switzerland borders Austria, France, Italy, and Germany by land.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Switzerland.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Gold$86.7B
Top Destination (2021)Germany$55.2B

In 2021, Switzerland exported a total of $371B, making it the number 17 exporter in the world. During the last five reported years the exports of Switzerland have changed by $67.3B from $303B in 2016 to $371B in 2021.

The most recent exports are led by Gold ($86.7B), Packaged Medicaments ($48.5B), Vaccines, blood, antisera, toxins and cultures ($40.3B), Base Metal Watches ($15.2B), and Nitrogen Heterocyclic Compounds ($14.6B). The most common destination for the exports of Switzerland are Germany ($55.2B), United States ($51.1B), China ($33.1B), India ($31.8B), and France ($18.9B).

Explore Visualizations

Exports (2021)
[Click to Select a Product]

Destinations (2021)
[Click to Select a Country]

Market Growth

Flow
View
Fastest Growing Export Markets (2020 - 2021)
India$19.9B (+ 166%)
China$15.8B (+ 91.1%)
Germany$6B (+ 12.2%)
Fastest Growing Import Markets (2020 - 2021)
United Kingdom$12.6B (+ 96.4%)
Germany$7.1B (+ 11.3%)
France$2.98B (+ 18.2%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Switzerland Exports Services (2019)$117B
Switzerland Imports Services (2019)$95.5B

In 2019, Switzerland exported $117B worth of services. The top services exported by Switzerland in 2019 were Royalties and license fees ($29.8B), Financial services ($21.7B), Travel ($18B), Transportation ($15.2B), and Miscellaneous business, professional, and technical services ($13.5B).

The top services imported by Switzerland in 2019 were Miscellaneous business, professional, and technical services ($24.9B), Travel ($18.8B), Royalties and license fees ($17.2B), Computer and information services ($15.8B), and Transportation ($13.6B).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)1.94Rank 2 of 131
Economic Complexity (Technology)1.22Rank 10 of 96
Economic Complexity (Research)1.93Rank 6 of 140

Most Specialized Products by RCA Index

Switzerland has a high level of specialization in Base Metal Watches (33.2), Precious Metal Watches (32.8), Hydrazine or Hydroxylamine Derivatives (19.2), Other Clocks and Watches (14.7), and Gold (11.3). Specialization is measured using RCA, an index that takes the ratio between Switzerland observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Switzerland according to the relatedness index, were Developed Exposed Photographic Material (0.22), Nickel Sheets (0.22), Non-optical Microscopes (0.22), Artificial Textile Machinery (0.21), and Pianos (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Switzerland is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Switzerland. These are products that tend to be co-exported with the products that Switzerland exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Switzerland's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨3rd to the 2nd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with