2023
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GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
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GDP GROWTH
25.3%CURRENT US$
Rnk 125 / 195
2023
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 GDP
$296BCURRENT US$
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2013-2023
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GDP GROWTH
9.35%CURRENT US$
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2023
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GDP PC 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
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GDP PC GROWTH
14%CURRENT US$
Rnk 122 / 195
2023
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GDP PC
$52,926CURRENT US$
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2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Switzerland-Finland Trade: In 2023, Switzerland exported $757M to Finland. The main products that Switzerland exported to Finland were Vaccines, blood, antisera, toxins and cultures ($125M), Packaged Medicaments ($94.4M), and Medical Instruments ($28M). Over the past 5 years the exports of Switzerland to Finland have increased at an annualized rate of 0.98%, from $721M in 2018 to $757M in 2023.

In 2019, Switzerland exported services to Finland worth $277M, with Computer and information services ($121M), Royalties and license fees ($82.1M), and Travel ($27.4M) being the largest in terms of value.

Finland-Switzerland Trade: In 2023, Finland exported $1.71B to Switzerland. The main products that Finland exported to Switzerland were Gold ($1.07B), Precious Metal Ore ($38.7M), and Non-Iron and Steel Slag, Ash and Residues ($32.1M). Over the past 5 years the exports of Finland to Switzerland have increased at an annualized rate of 13.7%,  from $902M in 2018 to $1.71B in 2023.

In 2020, Finland exported services to Switzerland worth $748M, with Other business services ($376M), Transportation ($170M), and Computer and information services ($124M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $757M to Finland. The main products exported from Switzerland to Finland were Vaccines, blood, antisera, toxins and cultures ($125M), Packaged Medicaments ($94.4M), and Medical Instruments ($28M). During the last 5 years the exports of Switzerland to Finland have increased at an annualized rate of 0.98%, from $721M in 2018 to $757M in 2023.

In 2018, Finland exported $1.71B to Switzerland. The main products exported from Finland to Switzerland were Gold ($1.07B), Precious Metal Ore ($38.7M), and Non-Iron and Steel Slag, Ash and Residues ($32.1M). During the last 5 years the exports of Finland to Switzerland have increased at an annualized rate of 13.7%, from $902M in 2023 to $1.71B in 2018.

Exports from Switzerland (Flag) to Finland (Flag) (2023)

Exports from Finland (Flag) to Switzerland (Flag) (2023)

Latest Data

Trade between Switzerland (Flag) and Finland (Flag)

Switzerland Exports

Finland Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Finland
Top Destination
United States$9.68B

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

In 2023, countries that imported more from Switzerland than Finland included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Finland than Switzerland included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

Difference in imports from Finland (Flag) and Switzerland (Flag) (2023)

Comparative Advantage Switzerland - Finland

Flow
Scale

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

During 2023, Switzerland had a large net trade with Finland in the exports of Chemical Products ($259M), Machines ($171M), and Instruments ($103M).

During 2018, Finland had a large net trade with Switzerland in the exports of Precious Metals ($1.07B), Machines ($151M), and Mineral Products ($77.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Finland+$44.1MPackaged Medicaments
Top Product Potential Finland Switzerland+$16.8MPackaged Medicaments

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 Finland worth $277M, with Computer and information services ($121M), Royalties and license fees ($82.1M), and Travel ($27.4M) being the largest in terms of value.

In 2020, Finland exported services to Switzerland worth $748M, with Other business services ($376M), Transportation ($170M), and Computer and information services ($124M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (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 Finland. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and Finland (Flag) (2023)

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