Switzerland (CHE) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Switzerland-Greece Trade: In 2023, Switzerland exported $603M to Greece. The main products that Switzerland exported to Greece were Packaged Medicaments ($199M), Vaccines, blood, antisera, toxins and cultures ($120M), and Base Metal Watches ($70.7M). Over the past 5 years the exports of Switzerland to Greece have increased at an annualized rate of 2.98%, from $520M in 2018 to $603M in 2023.

In 2019, Switzerland exported services to Greece worth $549M, with Financial services ($195M), Transportation ($139M), and Royalties and license fees ($87M) being the largest in terms of value.

Greece-Switzerland Trade: In 2023, Greece exported $303M to Switzerland. The main products that Greece exported to Switzerland were Packaged Medicaments ($59.4M), Utility Meters ($28.6M), and Cheese ($17.5M). Over the past 5 years the exports of Greece to Switzerland have increased at an annualized rate of 2.07%, from $210M in 2018 to $303M in 2023.

In 2020, Greece exported services to Switzerland worth $724M, with Other business services ($191M), Travel ($171M), and Transportation ($113M) 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $603M to Greece. The main products exported from Switzerland to Greece were Packaged Medicaments ($199M), Vaccines, blood, antisera, toxins and cultures ($120M), and Base Metal Watches ($70.7M). During the last 5 years the exports of Switzerland to Greece have increased at an annualized rate of 2.98%, from $520M in 2018 to $603M in 2023.

In 2018, Greece exported $303M to Switzerland. The main products exported from Greece to Switzerland were Packaged Medicaments ($59.4M), Utility Meters ($28.6M), and Cheese ($17.5M). During the last 5 years the exports of Greece to Switzerland have increased at an annualized rate of 2.07%, from $210M in 2023 to $303M in 2018.

Exports from Switzerland () to Greece () (2023)

Exports from Greece () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Greece ()

Switzerland Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Greece
Top DestinationItaly$6.21B

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

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

In 2023, countries that imported more from Greece than Switzerland included Cyprus ($3.03B), Bulgaria ($2.38B), and Libya ($1.71B).

Difference in imports from Greece () and Switzerland () (2023)

Comparative Advantage Switzerland - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Greece in the exports of Chemical Products ($351M), Instruments ($126M), and Machines ($60.5M).

During 2018, Greece had a large net trade with Switzerland in the exports of Chemical Products ($65.4M), Instruments ($51.4M), and Foodstuffs ($27.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Greece+$69.3MPackaged Medicaments

Top Product Potential Greece Switzerland+$40.2MPackaged 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

Grc Year

Che Year

In 2019, Switzerland exported services to Greece worth $549M, with Financial services ($195M), Transportation ($139M), and Royalties and license fees ($87M) being the largest in terms of value.

In 2020, Greece exported services to Switzerland worth $724M, with Other business services ($191M), Travel ($171M), and Transportation ($113M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Greece () (2023)

Exports from Greece () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Greece ()

Switzerland Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Switzerland () (2023)

Comparative Advantage Switzerland - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Greece () (2023)

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