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2023
Flag → Flag
Exports $729MRnk 44 / 219
2023
Flag → Flag
Top Product $153MGold
2023
Flag → Flag
Exports $2.69BRnk 23 / 213
2023
Flag → Flag
Top Product $2.17BPrecious Metal Scraps
2023
Flag
Economic Complexity (ECI) ECI 1.96Rnk 3 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 125 / 195
2023
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 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $99,565CURRENT US$
Rnk 5 / 195
2013-2023
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GDP PC GROWTH14%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Switzerland-Indonesia Trade: In 2023, Switzerland exported $729M to Indonesia. The main products that Switzerland exported to Indonesia were Gold ($153M), Base Metal Watches ($40.9M), and Precious Metal Watches ($37.9M). Over the past 5 years the exports of Switzerland to Indonesia have decreased at an annualized rate of 1.65%, from $792M in 2018 to $729M in 2023.

In 2019, Switzerland exported services to Indonesia worth $50.4M, with Travel ($50.4M) being the largest in terms of value.

Indonesia-Switzerland Trade: In 2023, Indonesia exported $2.69B to Switzerland. The main products that Indonesia exported to Switzerland were Precious Metal Scraps ($2.17B), Leather Footwear ($61.2M), and Textile Footwear ($38.3M). Over the past 5 years the exports of Indonesia to Switzerland have increased at an annualized rate of 24.4%,  from $904M in 2018 to $2.69B in 2023.

In 2023, Indonesia did not export any services to Switzerland.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $729M to Indonesia. The main products exported from Switzerland to Indonesia were Gold ($153M), Base Metal Watches ($40.9M), and Precious Metal Watches ($37.9M). During the last 5 years the exports of Switzerland to Indonesia have decreased at an annualized rate of 1.65%, from $792M in 2018 to $729M in 2023.

In 2018, Indonesia exported $2.69B to Switzerland. The main products exported from Indonesia to Switzerland were Precious Metal Scraps ($2.17B), Leather Footwear ($61.2M), and Textile Footwear ($38.3M). During the last 5 years the exports of Indonesia to Switzerland have increased at an annualized rate of 24.4%, from $904M in 2023 to $2.69B in 2018.

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

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

Latest Data

Trade between Switzerland (Flag) and Indonesia (Flag)

Switzerland Exports

Indonesia Exports

Market Competitiveness

Color
Switzerland
Top DestinationGermany$53.8B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Switzerland than Indonesia included Germany ($53.8B), Turkey ($19.3B), and United States ($45.1B).

In 2023, countries that imported more from Indonesia than Switzerland included China ($70.7B), Japan ($23.7B), and Malaysia ($14.2B).

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

Comparative Advantage Switzerland - Indonesia

Flow
Scale

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

During 2023, Switzerland had a large net trade with Indonesia in the exports of Chemical Products ($164M), Precious Metals ($158M), and Machines ($141M).

During 2018, Indonesia had a large net trade with Switzerland in the exports of Precious Metals ($2.2B), Footwear and Headwear ($138M), and Textiles ($104M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Indonesia+$133MGold
Top Product Potential Indonesia Switzerland+$78.9MGold

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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Economic Complexity

Competitive Landscape

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

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

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