Flag Switzerland

Econ Complexity (2018): 2.01, Rank 2 of 137

Product Exports (2018): $310B, Rank 18 of 222

Exports Per Capita (2018): $36.5k, Rank 111 of 219

Product Imports (2018): $294B, Rank 17 of 221

Imports Per Capita (2018): $34.5k, Rank 114 of 219

Service Exports (2017): $98.2B, Rank 12 of 139

Service Imports (2017): $75.9B, Rank 17 of 139

GDP (2018): $705B, CURRENT US$
Rank 20 of 196

GDP growth (2008 - 2018): 27.2%, CURRENT US$
Rank 121 of 196

GDP PC (2018): $82,797, CURRENT US$
Rank 4 of 196

GDP PC GROWTH (2008 - 2018): 14.2%, CURRENT US$
Rank 116 of 196

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.

Trade: The top exports of Switzerland are Gold ($63.8B), Packaged Medicaments ($44.1B), Blood, antisera, vaccines, toxins and cultures ($28B), Base Metal Watches ($13.7B), and Jewellery ($11.1B). The top imports of Switzerland are Gold ($64.9B), Packaged Medicaments ($19B), Jewellery ($15.9B), Cars ($10.3B), and Blood, antisera, vaccines, toxins and cultures ($9.9B).

Destinations: Switzerland exports mostly to Germany ($47.9B), United States ($39.7B), China ($30.4B), France ($19.2B), and India ($18.4B), and imports mostly from Germany ($62.2B), United Kingdom ($26.3B), Italy ($23.8B), United States ($21.4B), and France ($18.8B).

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

Product Exports

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Depth

Top Export (2018): Gold, $63.8B

Top Destination (2018): Germany, $47.9B

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.

The most recent exports are led by Gold ($63.8B), Packaged Medicaments ($44.1B), Blood, antisera, vaccines, toxins and cultures ($28B), Base Metal Watches ($13.7B), and Jewellery ($11.1B). The most common destination for the exports of Switzerland are Germany ($47.9B), United States ($39.7B), China ($30.4B), France ($19.2B), and India ($18.4B).

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Product Imports

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Depth

Top Import (2018): Gold, $64.9B

Top Origin (2018): Germany, $62.2B

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.

The most recent imports of Switzerland are led by Gold ($64.9B), Packaged Medicaments ($19B), Jewellery ($15.9B), Cars ($10.3B), and Blood, antisera, vaccines, toxins and cultures ($9.9B). The most common import partners for Switzerland are Germany ($62.2B), United Kingdom ($26.3B), Italy ($23.8B), United States ($21.4B), and France ($18.8B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Switzerland Exports Services (2017): $98.2B

Switzerland Imports Services (2017): $75.9B

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).

Trade Forecasts

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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.

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Economic Complexity

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Economic Complexity Ranking

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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.

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Most Specialized Products by RCA Index

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Switzerland has a high level of specialization in Base Metal Watches (32.6), Precious Metal Watches (31.4), Hydrazine or Hydroxylamine Derivatives (23.5), Other Clocks and Watches (13.2), and Gold (12.4). Specialization is measured using RCA, an index that takes the ratio between Switzerland observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Switzerland according to the product complexity index (PCI) are Machining centre, single/multistation transfer machine (2.58), Cermets and articles thereof, waste or scrap (2.21), Machine-tools for shaping metals, nes (2.02), Machine-tools for non-mechanical removal of material (2.01), and Machines nes having individual functions (2). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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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.

Diversification Frontier

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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.