2022
Flag  
GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
 GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC 
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Switzerland-Ireland Trade: In 2022, Switzerland exported $2.08B to Ireland. The main products that Switzerland exported to Ireland were Nitrogen Heterocyclic Compounds ($388M), Planes, Helicopters, and/or Spacecraft ($295M), and Orthopedic Appliances ($223M). Over the past 5 years the exports of Switzerland to Ireland have increased at an annualized rate of 17.8%, from $916M in 2017 to $2.08B in 2022.

In 2019, Switzerland exported services to Ireland worth $5.17B, with Royalties and license fees ($4.36B), Financial services ($453M), and Computer and information services ($220M) being the largest in terms of value.

Ireland-Switzerland Trade: In 2022, Ireland exported $4.12B to Switzerland. The main products that Ireland exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($2.5B), Packaged Medicaments ($318M), and Nitrogen Heterocyclic Compounds ($230M). Over the past 5 years the exports of Ireland to Switzerland have decreased at an annualized rate of 11.6%,  from $7.63B in 2017 to $4.12B in 2022.

In 2020, Ireland exported services to Switzerland worth $2.52B, with Other business services ($1.77B), Financial services ($346M), and Insurance services ($183M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $2.08B to Ireland. The main products exported from Switzerland to Ireland were Nitrogen Heterocyclic Compounds ($388M), Planes, Helicopters, and/or Spacecraft ($295M), and Orthopedic Appliances ($223M). During the last 5 years the exports of Switzerland to Ireland have increased at an annualized rate of 17.8%, from $916M in 2017 to $2.08B in 2022.

In 2017, Ireland exported $4.12B to Switzerland. The main products exported from Ireland to Switzerland were Vaccines, blood, antisera, toxins and cultures ($2.5B), Packaged Medicaments ($318M), and Nitrogen Heterocyclic Compounds ($230M). During the last 5 years the exports of Ireland to Switzerland have decreased at an annualized rate of 11.6%, from $7.63B in 2022 to $4.12B in 2017.

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

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

Latest Data

Trade between Switzerland (Flag) and Ireland (Flag)

Switzerland Exports

Ireland Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
Ireland
Top Destination
United States$70.7B

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

In 2022, countries that imported more from Switzerland than Ireland included China ($44.1B), Germany ($53.5B), and Italy ($22.8B).

In 2022, countries that imported more from Ireland than Switzerland included Belgium ($17B), United States ($70.7B), and Netherlands ($12.6B).

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

Comparative Advantage Switzerland - Ireland

Flow
Scale

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

During 2022, Switzerland had a large net trade with Ireland in the exports of Chemical Products ($876M), Instruments ($513M), and Transportation ($308M).

During 2017, Ireland had a large net trade with Switzerland in the exports of Chemical Products ($3.35B), Instruments ($300M), and Machines ($262M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Ireland+$112MVaccines, blood, antisera, toxins and cultures
Top Product Potential Ireland Switzerland+$245MPackaged 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 Ireland worth $5.17B, with Royalties and license fees ($4.36B), Financial services ($453M), and Computer and information services ($220M) being the largest in terms of value.

In 2020, Ireland exported services to Switzerland worth $2.52B, with Other business services ($1.77B), Financial services ($346M), and Insurance services ($183M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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