Switzerland (CHE) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Switzerland-Philippines Trade: In 2023, Switzerland exported $391M to Philippines. The main products that Switzerland exported to Philippines were Base Metal Watches ($58.7M), Vaccines, blood, antisera, toxins and cultures ($46.6M), and Semiconductor Devices ($42.9M). Over the past 5 years the exports of Switzerland to Philippines have decreased at an annualized rate of 0.81%, from $407M in 2018 to $391M in 2023.

In 2019, Switzerland exported services to Philippines worth $24.6M, with Travel ($24.6M) being the largest in terms of value.

Philippines-Switzerland Trade: In 2023, Philippines exported $2.25B to Switzerland. The main products that Philippines exported to Switzerland were Gold ($1.98B), Integrated Circuits ($53.1M), and Office Machine Parts ($27.5M). Over the past 5 years the exports of Philippines to Switzerland have increased at an annualized rate of 24.7%, from $747M in 2018 to $2.25B in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $391M to Philippines. The main products exported from Switzerland to Philippines were Base Metal Watches ($58.7M), Vaccines, blood, antisera, toxins and cultures ($46.6M), and Semiconductor Devices ($42.9M). During the last 5 years the exports of Switzerland to Philippines have decreased at an annualized rate of 0.81%, from $407M in 2018 to $391M in 2023.

In 2018, Philippines exported $2.25B to Switzerland. The main products exported from Philippines to Switzerland were Gold ($1.98B), Integrated Circuits ($53.1M), and Office Machine Parts ($27.5M). During the last 5 years the exports of Philippines to Switzerland have increased at an annualized rate of 24.7%, from $747M in 2023 to $2.25B in 2018.

Exports from Switzerland () to Philippines () (2023)

Exports from Philippines () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Philippines ()

Switzerland Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Philippines
Top DestinationChina$19B

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

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

In 2023, countries that imported more from Philippines than Switzerland included Japan ($11.4B), Vietnam ($1.69B), and Mexico ($3.02B).

Difference in imports from Philippines () and Switzerland () (2023)

Comparative Advantage Switzerland - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Philippines in the exports of Machines ($124M), Chemical Products ($107M), and Instruments ($90.3M).

During 2018, Philippines had a large net trade with Switzerland in the exports of Precious Metals ($2B), Machines ($185M), and Instruments ($14.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Philippines+$40.9MPackaged Medicaments

Top Product Potential Philippines Switzerland+$48.2MIntegrated Circuits

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Philippines () (2023)

Exports from Philippines () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Philippines ()

Switzerland Exports

Philippines Exports

Market Competitiveness

Difference in imports from Philippines () and Switzerland () (2023)

Comparative Advantage Switzerland - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Philippines () (2023)

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