Overview: In 2018 Switzerland was the number 20 economy in the world in terms of GDP (current US$), the number 18 in total exports, the number 17 in total imports, and the number 2 most complex economy according to the Economic Complexity Index (ECI). In 2018, Switzerland exported $310B and imported $294B, resulting in a positive trade balance of $16.9B. In 2018, Switzerland's exports per capita were $36.5k and its imports per capita were $34.5k.
In 2018 Switzerland exported a total of $310B, making it the number 18 exporter in the world. During the last five reported years the exports of Switzerland have changed by -$34.4B from $345B in 2013 to $310B in 2018.
In 2018 Switzerland imported $294B, making it the number 17 trade destination in the world. During the last five reported years the imports of Switzerland changed by $19.8B from $274B in 2013 to $294B in 2018.
In 2017, Switzerland exported $98.2B worth of services. The top services exported by Switzerland in 2017 were N/A.
The top services imported by Switzerland in 2017 were Miscellaneous business, professional, and technical services ($21.3B), Travel ($15.3B), Computer and information services ($15.1B), Royalties and license fees ($10.3B), and Transportation ($8.91B).
This section shows forecasts for total product exports and imports for Switzerland. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
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.
The top export opportunities for Switzerland according to the relatedness index, are Cobalt Ore (0.24), Artificial Textile Machinery (0.24), Nickel Sheets (0.23), X-Ray Equipment (0.23), and Tool Plates (0.23). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Switzerland is not specialized in.
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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.
Switzerland
