2022
Flag  
GDP
$808BCURRENT US$
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2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
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2022
Flag
 GDP
$579BCURRENT US$
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2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
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2022
Flag
GDP PC 
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
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2022
Flag
GDP PC
$49,583CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
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About

Switzerland-Belgium Trade: In 2022, Switzerland exported $5.4B to Belgium. The main products that Switzerland exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($1.61B), Packaged Medicaments ($713M), and Orthopedic Appliances ($438M). Over the past 5 years the exports of Switzerland to Belgium have decreased at an annualized rate of 3.72%, from $6.53B in 2017 to $5.4B in 2022.

In 2019, Switzerland exported services to Belgium worth $1.03B, with Financial services ($261M), Transportation ($214M), and Royalties and license fees ($214M) being the largest in terms of value.

Belgium-Switzerland Trade: In 2022, Belgium exported $4.92B to Switzerland. The main products that Belgium exported to Switzerland were Diamonds ($634M), Vaccines, blood, antisera, toxins and cultures ($524M), and Gold ($301M). Over the past 5 years the exports of Belgium to Switzerland have decreased at an annualized rate of 1.13%,  from $5.21B in 2017 to $4.92B in 2022.

In 2020, Belgium exported services to Switzerland worth $6.32B, with Transportation ($2.53B), Other business services ($2.51B), and Computer and information services ($455M) being the largest in terms of value.

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $5.4B to Belgium. The main products exported from Switzerland to Belgium were Vaccines, blood, antisera, toxins and cultures ($1.61B), Packaged Medicaments ($713M), and Orthopedic Appliances ($438M). During the last 5 years the exports of Switzerland to Belgium have decreased at an annualized rate of 3.72%, from $6.53B in 2017 to $5.4B in 2022.

In 2017, Belgium exported $4.92B to Switzerland. The main products exported from Belgium to Switzerland were Diamonds ($634M), Vaccines, blood, antisera, toxins and cultures ($524M), and Gold ($301M). During the last 5 years the exports of Belgium to Switzerland have decreased at an annualized rate of 1.13%, from $5.21B in 2022 to $4.92B in 2017.

Exports from Switzerland (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Switzerland (Flag) (2022)

Latest Data

Trade between Switzerland (Flag) and Belgium (Flag)

Switzerland Exports

Belgium Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
Belgium
Top Destination
Germany$91.9B

This map shows whether countries import more from Switzerland or Belgium. Each country is colored based on the difference in imports they receive from Switzerland and Belgium or the difference in the growth in imports.

In 2022, countries that imported more from Switzerland than Belgium included China ($44.1B), United States ($61.7B), and Slovenia ($11.7B).

In 2022, countries that imported more from Belgium than Switzerland included Netherlands ($65.7B), France ($71.1B), and Germany ($91.9B).

Difference in imports from Belgium (Flag) and Switzerland (Flag) (2022)

Comparative Advantage Switzerland - Belgium

Flow
Scale

This chart compares trade between Switzerland and Belgium by product, considering products traded by both, Switzerland and Belgium.

During 2022, Switzerland had a large net trade with Belgium in the exports of Chemical Products ($2.86B), Instruments ($925M), and Machines ($552M).

During 2017, Belgium had a large net trade with Switzerland in the exports of Chemical Products ($1.35B), Precious Metals ($1.12B), and Plastics and Rubbers ($401M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Belgium+$412MPackaged Medicaments
Top Product Potential Belgium Switzerland+$308MVaccines, blood, antisera, toxins and cultures

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2019, Switzerland exported services to Belgium worth $1.03B, with Financial services ($261M), Transportation ($214M), and Royalties and license fees ($214M) being the largest in terms of value.

In 2020, Belgium exported services to Switzerland worth $6.32B, with Transportation ($2.53B), Other business services ($2.51B), and Computer and information services ($455M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland (Flag) to Belgium (Flag) (2019)

Services Exports from Belgium (Flag) to Switzerland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Switzerland and Belgium. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and Belgium (Flag) (2022)

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