Switzerland (CHE) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Switzerland-Estonia Trade: In 2022, Switzerland exported $298M to Estonia. The main products that Switzerland exported to Estonia were Gold ($161M), Vaccines, blood, antisera, toxins and cultures ($17.5M), and Packaged Medicaments ($11M). Over the past 5 years the exports of Switzerland to Estonia have increased at an annualized rate of 11.2%, from $175M in 2017 to $298M in 2022.

In 2019, Switzerland exported services to Estonia worth $5.37M, with Travel ($5.37M) being the largest in terms of value.

Estonia-Switzerland Trade: In 2022, Estonia exported $282M to Switzerland. The main products that Estonia exported to Switzerland were Coal Tar Oil ($131M), Refined Petroleum ($12.7M), and Packaged Medicaments ($9.37M). Over the past 5 years the exports of Estonia to Switzerland have increased at an annualized rate of 7.71%, from $124M in 2017 to $282M in 2022.

In 2020, Estonia exported services to Switzerland worth $211M, with Transportation ($130M), Other business services ($46.3M), and Computer and information services ($23.2M) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Switzerland exported $298M to Estonia. The main products exported from Switzerland to Estonia were Gold ($161M), Vaccines, blood, antisera, toxins and cultures ($17.5M), and Packaged Medicaments ($11M). During the last 5 years the exports of Switzerland to Estonia have increased at an annualized rate of 11.2%, from $175M in 2017 to $298M in 2022.

In 2017, Estonia exported $282M to Switzerland. The main products exported from Estonia to Switzerland were Coal Tar Oil ($131M), Refined Petroleum ($12.7M), and Packaged Medicaments ($9.37M). During the last 5 years the exports of Estonia to Switzerland have increased at an annualized rate of 7.71%, from $124M in 2022 to $282M in 2017.

Exports from Switzerland () to Estonia () (2022)

Exports from Estonia () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Estonia ()

Switzerland Exports

Date

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from Switzerland than Estonia included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

In 2022, countries that imported more from Estonia than Switzerland included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

Difference in imports from Estonia () and Switzerland () (2022)

Comparative Advantage Switzerland - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Estonia in the exports of Precious Metals ($165M), Chemical Products ($42.6M), and Machines ($41.5M).

During 2017, Estonia had a large net trade with Switzerland in the exports of Mineral Products ($145M), Machines ($37.2M), and Miscellaneous ($17.9M).

Bilateral Service Trade

Est Year

Che Year

In 2019, Switzerland exported services to Estonia worth $5.37M, with Travel ($5.37M) being the largest in terms of value.

In 2020, Estonia exported services to Switzerland worth $211M, with Transportation ($130M), Other business services ($46.3M), and Computer and information services ($23.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland () to Estonia () (2019)

Services Exports from Estonia () to Switzerland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Estonia () (2022)

Exports from Estonia () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Estonia ()

Switzerland Exports

Estonia Exports

Market Competitiveness

Difference in imports from Estonia () and Switzerland () (2022)

Comparative Advantage Switzerland - Estonia

Bilateral Service Trade

Services Exports from Switzerland () to Estonia () (2019)

Services Exports from Estonia () to Switzerland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Estonia () (2022)

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