Switzerland / South Korea

Switzerland-South Korea Trade: In 2023, Switzerland exported $3.57B to South Korea. The main products that Switzerland exported to South Korea were Base Metal Watches ($517M), Vaccines, blood, antisera, toxins and cultures ($409M), and Jewellery ($391M). Over the past 5 years the exports of Switzerland to South Korea have increased at an annualized rate of 3.06%, from $3.07B in 2018 to $3.57B in 2023.

In 2019, Switzerland exported services to South Korea worth $178M, with Travel ($178M) being the largest in terms of value.

South Korea-Switzerland Trade: In 2023, South Korea exported $2.84B to Switzerland. The main products that South Korea exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($1.55B), Cars ($345M), and Gold ($140M). Over the past 5 years the exports of South Korea to Switzerland have increased at an annualized rate of 29%,  from $794M in 2018 to $2.84B in 2023.

In 2005, South Korea exported services to Switzerland worth $250M, with Transportation ($127M), Other business services ($88M), and Travel ($16.9M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).