Switzerland (CHE) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Switzerland-Vietnam Trade: In 2023, Switzerland exported $546M to Vietnam. The main products that Switzerland exported to Vietnam were Integrated Circuits ($98.1M), Vaccines, blood, antisera, toxins and cultures ($93.4M), and Packaged Medicaments ($88.5M). Over the past 5 years the exports of Switzerland to Vietnam have decreased at an annualized rate of 5.08%, from $709M in 2018 to $546M in 2023.

In 2023, Switzerland did not export any services to Vietnam.

Vietnam-Switzerland Trade: In 2023, Vietnam exported $1.92B to Switzerland. The main products that Vietnam exported to Switzerland were Broadcasting Equipment ($233M), Textile Footwear ($192M), and Leather Footwear ($191M). Over the past 5 years the exports of Vietnam to Switzerland have increased at an annualized rate of 5.32%, from $1.48B in 2018 to $1.92B in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $546M to Vietnam. The main products exported from Switzerland to Vietnam were Integrated Circuits ($98.1M), Vaccines, blood, antisera, toxins and cultures ($93.4M), and Packaged Medicaments ($88.5M). During the last 5 years the exports of Switzerland to Vietnam have decreased at an annualized rate of 5.08%, from $709M in 2018 to $546M in 2023.

In 2018, Vietnam exported $1.92B to Switzerland. The main products exported from Vietnam to Switzerland were Broadcasting Equipment ($233M), Textile Footwear ($192M), and Leather Footwear ($191M). During the last 5 years the exports of Vietnam to Switzerland have increased at an annualized rate of 5.32%, from $1.48B in 2023 to $1.92B in 2018.

Exports from Switzerland () to Vietnam () (2023)

Exports from Vietnam () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Vietnam ()

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Vietnam
Top DestinationUnited States$118B

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

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

In 2023, countries that imported more from Vietnam than Switzerland included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Switzerland - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Vietnam in the exports of Machines ($226M), Chemical Products ($199M), and Instruments ($60.2M).

During 2018, Vietnam had a large net trade with Switzerland in the exports of Footwear and Headwear ($487M), Machines ($469M), and Textiles ($423M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Vietnam+$56.6MPackaged Medicaments

Top Product Potential Vietnam Switzerland+$138MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Vietnam () (2023)

Exports from Vietnam () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Vietnam ()

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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