2022
Flag  
GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 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
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Switzerland-Norway Trade: In 2022, Switzerland exported $806M to Norway. The main products that Switzerland exported to Norway were Vaccines, blood, antisera, toxins and cultures ($124M), Packaged Medicaments ($112M), and Base Metal Watches ($37.7M). Over the past 5 years the exports of Switzerland to Norway have decreased at an annualized rate of 1.28%, from $860M in 2017 to $806M in 2022.

In 2019, Switzerland exported services to Norway worth $265M, with Royalties and license fees ($109M), Computer and information services ($88.6M), and Travel ($33.5M) being the largest in terms of value.

Norway-Switzerland Trade: In 2022, Norway exported $565M to Switzerland. The main products that Norway exported to Switzerland were Gold ($110M), Raw Aluminium ($61.5M), and Petroleum Gas ($41.8M). Over the past 5 years the exports of Norway to Switzerland have increased at an annualized rate of 5.52%,  from $432M in 2017 to $565M in 2022.

In 2010, Norway exported services to Switzerland worth $774M, with Services not allocated ($389M), Other business services ($208M), and Travel ($58.8M) 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $806M to Norway. The main products exported from Switzerland to Norway were Vaccines, blood, antisera, toxins and cultures ($124M), Packaged Medicaments ($112M), and Base Metal Watches ($37.7M). During the last 5 years the exports of Switzerland to Norway have decreased at an annualized rate of 1.28%, from $860M in 2017 to $806M in 2022.

In 2017, Norway exported $565M to Switzerland. The main products exported from Norway to Switzerland were Gold ($110M), Raw Aluminium ($61.5M), and Petroleum Gas ($41.8M). During the last 5 years the exports of Norway to Switzerland have increased at an annualized rate of 5.52%, from $432M in 2022 to $565M in 2017.

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

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

Latest Data

Trade between Switzerland (Flag) and Norway (Flag)

Switzerland Exports

Norway Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Switzerland than Norway included United States ($61.7B), China ($44.1B), and Italy ($22.8B).

In 2022, countries that imported more from Norway than Switzerland included United Kingdom ($59.1B), Germany ($78.1B), and Sweden ($17.7B).

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

Comparative Advantage Switzerland - Norway

Flow
Scale

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

During 2022, Switzerland had a large net trade with Norway in the exports of Chemical Products ($286M), Machines ($175M), and Instruments ($107M).

During 2017, Norway had a large net trade with Switzerland in the exports of Metals ($153M), Precious Metals ($129M), and Animal Products ($73.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Norway+$45.6MPackaged Medicaments
Top Product Potential Norway Switzerland+$82.1MPetroleum Gas

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

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

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