Switzerland / Austria

Switzerland-Austria Trade: In 2023, Switzerland exported $11.3B to Austria. The main products that Switzerland exported to Austria were Hormones ($2.97B), Gold ($1.42B), and Paintings ($700M). Over the past 5 years the exports of Switzerland to Austria have increased at an annualized rate of 6.67%, from $8.19B in 2018 to $11.3B in 2023.

In 2019, Switzerland exported services to Austria worth $1.13B, with Financial services ($279M), Travel ($252M), and Insurance services ($172M) being the largest in terms of value.

Austria-Switzerland Trade: In 2023, Austria exported $10.9B to Switzerland. The main products that Austria exported to Switzerland were Packaged Medicaments ($2.91B), Electricity ($646M), and Vaccines, blood, antisera, toxins and cultures ($206M). Over the past 5 years the exports of Austria to Switzerland have increased at an annualized rate of 4.88%,  from $8.58B in 2018 to $10.9B in 2023.

In 2020, Austria exported services to Switzerland worth $4.54B, with Other business services ($1.6B), Travel ($1.19B), and Transportation ($897M) being the largest in terms of value.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).