Switzerland (CHE) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

About

Switzerland-Saudi Arabia Trade: In 2023, Switzerland exported $6.79B to Saudi Arabia. The main products that Switzerland exported to Saudi Arabia were Gold ($4.52B), Packaged Medicaments ($351M), and Vaccines, blood, antisera, toxins and cultures ($290M). Over the past 5 years the exports of Switzerland to Saudi Arabia have increased at an annualized rate of 26.4%, from $2.1B in 2018 to $6.79B in 2023.

In 2023, Switzerland did not export any services to Saudi Arabia.

Saudi Arabia-Switzerland Trade: In 2023, Saudi Arabia exported $890M to Switzerland. The main products that Saudi Arabia exported to Switzerland were Gold ($447M), Aluminium Plating ($210M), and Jewellery ($137M). Over the past 5 years the exports of Saudi Arabia to Switzerland have decreased at an annualized rate of 0.089%, from $894M in 2018 to $890M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $6.79B to Saudi Arabia. The main products exported from Switzerland to Saudi Arabia were Gold ($4.52B), Packaged Medicaments ($351M), and Vaccines, blood, antisera, toxins and cultures ($290M). During the last 5 years the exports of Switzerland to Saudi Arabia have increased at an annualized rate of 26.4%, from $2.1B in 2018 to $6.79B in 2023.

In 2018, Saudi Arabia exported $890M to Switzerland. The main products exported from Saudi Arabia to Switzerland were Gold ($447M), Aluminium Plating ($210M), and Jewellery ($137M). During the last 5 years the exports of Saudi Arabia to Switzerland have decreased at an annualized rate of 0.089%, from $894M in 2023 to $890M in 2018.

Exports from Switzerland () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Saudi Arabia ()

Switzerland Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Switzerland than Saudi Arabia included Germany ($53.8B), United States ($45.1B), and Hong Kong ($17.1B).

In 2023, countries that imported more from Saudi Arabia than Switzerland included Japan ($34.7B), India ($34.8B), and China ($64.4B).

Difference in imports from Saudi Arabia () and Switzerland () (2023)

Comparative Advantage Switzerland - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Saudi Arabia in the exports of Precious Metals ($4.64B), Chemical Products ($810M), and Instruments ($541M).

During 2018, Saudi Arabia had a large net trade with Switzerland in the exports of Precious Metals ($588M), Metals ($211M), and Instruments ($56.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Saudi Arabia+$79.1MPackaged Medicaments

Top Product Potential Saudi Arabia Switzerland+$9.3MEthylene Polymers

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Saudi Arabia ()

Switzerland Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Switzerland () (2023)

Comparative Advantage Switzerland - Saudi Arabia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Saudi Arabia () (2023)

Keep Exploring