2023
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GDP
$885BCURRENT US$
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2013-2023
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GDP GROWTH
25.3%CURRENT US$
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2023
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 GDP
$381BCURRENT US$
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2013-2023
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GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
2023
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GDP PC 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
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GDP PC GROWTH
14%CURRENT US$
Rnk 122 / 195
2023
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GDP PC
$6,023CURRENT US$
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2013-2023
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GDP PC GROWTH
-17.9%CURRENT US$
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About

Switzerland-South Africa Trade: In 2023, Switzerland exported $629M to South Africa. The main products that Switzerland exported to South Africa were Rolled Tobacco ($54.8M), Packaged Medicaments ($37.8M), and Base Metal Watches ($36.7M). Over the past 5 years the exports of Switzerland to South Africa have decreased at an annualized rate of 5.01%, from $813M in 2018 to $629M in 2023.

In 2019, Switzerland exported services to South Africa worth $622M, with Transportation ($277M), Royalties and license fees ($152M), and Financial services ($80.6M) being the largest in terms of value.

South Africa-Switzerland Trade: In 2023, South Africa exported $4.22B to Switzerland. The main products that South Africa exported to Switzerland were Gold ($3.75B), Cars ($166M), and Delivery Trucks ($88.3M). Over the past 5 years the exports of South Africa to Switzerland have increased at an annualized rate of 12.1%,  from $2.39B in 2018 to $4.22B in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $629M to South Africa. The main products exported from Switzerland to South Africa were Rolled Tobacco ($54.8M), Packaged Medicaments ($37.8M), and Base Metal Watches ($36.7M). During the last 5 years the exports of Switzerland to South Africa have decreased at an annualized rate of 5.01%, from $813M in 2018 to $629M in 2023.

In 2018, South Africa exported $4.22B to Switzerland. The main products exported from South Africa to Switzerland were Gold ($3.75B), Cars ($166M), and Delivery Trucks ($88.3M). During the last 5 years the exports of South Africa to Switzerland have increased at an annualized rate of 12.1%, from $2.39B in 2023 to $4.22B in 2018.

Exports from Switzerland (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Switzerland (Flag) (2023)

Latest Data

Trade between Switzerland (Flag) and South Africa (Flag)

Switzerland Exports

South Africa Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
South Africa
Top Destination
China$29.5B

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

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

In 2023, countries that imported more from South Africa than Switzerland included Mozambique ($6.13B), Botswana ($4.28B), and Zimbabwe ($3.47B).

Difference in imports from South Africa (Flag) and Switzerland (Flag) (2023)

Comparative Advantage Switzerland - South Africa

Flow
Scale

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

During 2023, Switzerland had a large net trade with South Africa in the exports of Chemical Products ($167M), Instruments ($129M), and Machines ($105M).

During 2018, South Africa had a large net trade with Switzerland in the exports of Precious Metals ($3.83B), Transportation ($262M), and Vegetable Products ($53.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland South Africa+$47.2MPackaged Medicaments
Top Product Potential South Africa Switzerland+$63.4MCars

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

Product Space of Switzerland (Flag) and South Africa (Flag) (2023)

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