Switzerland (CHE) and Thailand (THA) Trade | The Observatory of Economic Complexity

About

Switzerland-Thailand Trade: In 2023, Switzerland exported $4.68B to Thailand. The main products that Switzerland exported to Thailand were Gold ($3.17B), Base Metal Watches ($243M), and Precious Metal Watches ($170M). Over the past 5 years the exports of Switzerland to Thailand have decreased at an annualized rate of 4.76%, from $5.98B in 2018 to $4.68B in 2023.

In 2019, Switzerland exported services to Thailand worth $114M, with Travel ($114M) being the largest in terms of value.

Thailand-Switzerland Trade: In 2023, Thailand exported $4.09B to Switzerland. The main products that Thailand exported to Switzerland were Gold ($2.63B), Precious Stones ($119M), and Other Clocks and Watches ($115M). Over the past 5 years the exports of Thailand to Switzerland have increased at an annualized rate of 7.3%, from $2.68B in 2018 to $4.09B in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $4.68B to Thailand. The main products exported from Switzerland to Thailand were Gold ($3.17B), Base Metal Watches ($243M), and Precious Metal Watches ($170M). During the last 5 years the exports of Switzerland to Thailand have decreased at an annualized rate of 4.76%, from $5.98B in 2018 to $4.68B in 2023.

In 2018, Thailand exported $4.09B to Switzerland. The main products exported from Thailand to Switzerland were Gold ($2.63B), Precious Stones ($119M), and Other Clocks and Watches ($115M). During the last 5 years the exports of Thailand to Switzerland have increased at an annualized rate of 7.3%, from $2.68B in 2023 to $4.09B in 2018.

Exports from Switzerland () to Thailand () (2023)

Exports from Thailand () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Thailand ()

Switzerland Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Switzerland than Thailand included Germany ($53.8B), Turkey ($19.3B), and Italy ($19.4B).

In 2023, countries that imported more from Thailand than Switzerland included Japan ($24.9B), United States ($58.5B), and Malaysia ($12.5B).

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

Comparative Advantage Switzerland - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Thailand in the exports of Precious Metals ($3.42B), Instruments ($609M), and Machines ($250M).

During 2018, Thailand had a large net trade with Switzerland in the exports of Precious Metals ($2.87B), Machines ($368M), and Instruments ($365M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Thailand+$44.3MPackaged Medicaments

Top Product Potential Thailand Switzerland+$48.3MJewellery

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Thailand () (2023)

Exports from Thailand () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Thailand ()

Switzerland Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Thailand

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 Thailand () (2023)

Keep Exploring