2023
Flag  
GDP
$885BCURRENT US$
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2013-2023
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GDP GROWTH
25.3%CURRENT US$
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2023
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 GDP
$514BCURRENT US$
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2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
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2023
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GDP PC 
$99,565CURRENT US$
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2013-2023
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GDP PC GROWTH
14%CURRENT US$
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2023
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GDP PC
$52,642CURRENT US$
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2013-2023
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GDP PC GROWTH
42.5%CURRENT US$
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About

Switzerland-Israel Trade: In 2023, Switzerland exported $1.3B to Israel. The main products that Switzerland exported to Israel were Vaccines, blood, antisera, toxins and cultures ($217M), Rolled Tobacco ($143M), and Packaged Medicaments ($119M). Over the past 5 years the exports of Switzerland to Israel have decreased at an annualized rate of 6.32%, from $1.8B in 2018 to $1.3B in 2023.

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

Israel-Switzerland Trade: In 2023, Israel exported $643M to Switzerland. The main products that Israel exported to Switzerland were Diamonds ($304M), Medical Instruments ($41.7M), and Gas Turbines ($13.9M). Over the past 5 years the exports of Israel to Switzerland have increased at an annualized rate of 0.4%,  from $630M in 2018 to $643M in 2023.

In 2012, Israel exported services to Switzerland worth $50.3M, with Computer and information services ($47.7M) and Construction services ($2.64M) 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $1.3B to Israel. The main products exported from Switzerland to Israel were Vaccines, blood, antisera, toxins and cultures ($217M), Rolled Tobacco ($143M), and Packaged Medicaments ($119M). During the last 5 years the exports of Switzerland to Israel have decreased at an annualized rate of 6.32%, from $1.8B in 2018 to $1.3B in 2023.

In 2018, Israel exported $643M to Switzerland. The main products exported from Israel to Switzerland were Diamonds ($304M), Medical Instruments ($41.7M), and Gas Turbines ($13.9M). During the last 5 years the exports of Israel to Switzerland have increased at an annualized rate of 0.4%, from $630M in 2023 to $643M in 2018.

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

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

Latest Data

Trade between Switzerland (Flag) and Israel (Flag)

Switzerland Exports

Israel Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Israel
Top Destination
United States$20.3B

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

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

In 2023, countries that imported more from Israel than Switzerland included Egypt ($2.23B), Cyprus ($671M), and Azerbaijan ($151M).

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

Comparative Advantage Switzerland - Israel

Flow
Scale

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

During 2023, Switzerland had a large net trade with Israel in the exports of Chemical Products ($459M), Machines ($245M), and Instruments ($188M).

During 2018, Israel had a large net trade with Switzerland in the exports of Precious Metals ($313M), Machines ($121M), and Instruments ($66.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Israel+$48.2MPackaged Medicaments
Top Product Potential Israel Switzerland+$15.9MMedical Instruments

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 Israel. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Switzerland.

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

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