Georgia (GEO) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Georgia-Switzerland Trade: In 2022, Georgia exported $177M to Switzerland. The main products that Georgia exported to Switzerland were Gold ($154M), Refined Petroleum ($7.09M), and Perfumes ($3.79M). Over the past 5 years the exports of Georgia to Switzerland have increased at an annualized rate of 5%, from $138M in 2017 to $177M in 2022.

In 2022, Georgia did not export any services to Switzerland.

Switzerland-Georgia Trade: In 2022, Switzerland exported $125M to Georgia. The main products that Switzerland exported to Georgia were Packaged Medicaments ($35.1M), Vaccines, blood, antisera, toxins and cultures ($34.3M), and Raw Sugar ($5.59M). Over the past 5 years the exports of Switzerland to Georgia have increased at an annualized rate of 5.15%, from $56M in 2017 to $125M in 2022.

In 2022, Switzerland did not export any services to Georgia.

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $177M to Switzerland. The main products exported from Georgia to Switzerland were Gold ($154M), Refined Petroleum ($7.09M), and Perfumes ($3.79M). During the last 5 years the exports of Georgia to Switzerland have increased at an annualized rate of 5%, from $138M in 2017 to $177M in 2022.

In 2017, Switzerland exported $125M to Georgia. The main products exported from Switzerland to Georgia were Packaged Medicaments ($35.1M), Vaccines, blood, antisera, toxins and cultures ($34.3M), and Raw Sugar ($5.59M). During the last 5 years the exports of Switzerland to Georgia have increased at an annualized rate of 5.15%, from $56M in 2022 to $125M in 2017.

Exports from Georgia () to Switzerland () (2022)

Exports from Switzerland () to Georgia () (2022)

Latest Data

Trade between Georgia () and Switzerland ()

Georgia Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Georgia than Switzerland included Azerbaijan ($668M), Armenia ($571M), and Kyrgyzstan ($92.5M).

In 2022, countries that imported more from Switzerland than Georgia included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

Difference in imports from Switzerland () and Georgia () (2022)

Comparative Advantage Georgia - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Switzerland in the exports of Precious Metals ($154M), Chemical Products ($7.74M), and Mineral Products ($7.09M).

During 2017, Switzerland had a large net trade with Georgia in the exports of Chemical Products ($77.1M), Machines ($12.9M), and Instruments ($11.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Switzerland+$6.59MGold

Top Product Potential Switzerland Georgia+$13.3MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Switzerland () (2022)

Exports from Switzerland () to Georgia () (2022)

Latest Data

Trade between Georgia () and Switzerland ()

Georgia Exports

Switzerland Exports

Market Competitiveness

Difference in imports from Switzerland () and Georgia () (2022)

Comparative Advantage Georgia - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Switzerland () (2022)

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