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2023
Flag → Flag
Exports $2.69BRnk 23 / 213
2023
Flag → Flag
Top Product $2.17BPrecious Metal Scraps
2023
Flag → Flag
Exports $729MRnk 44 / 219
2023
Flag → Flag
Top Product $153MGold
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
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Economic Complexity (ECI) ECI 1.96Rnk 3 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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 GDP$885BCURRENT US$
Rnk 20 / 195
2013-2023
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GDP GROWTH25.3%CURRENT US$
Rnk 125 / 195
2023
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GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
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GDP PC$99,565CURRENT US$
Rnk 5 / 196
2013-2023
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GDP PC GROWTH14%CURRENT US$
Rnk 122 / 195

About

Indonesia-Switzerland Trade: In 2023, Indonesia exported $2.69B to Switzerland. The main products that Indonesia exported to Switzerland were Precious Metal Scraps ($2.17B), Leather Footwear ($61.2M), and Textile Footwear ($38.3M). Over the past 5 years the exports of Indonesia to Switzerland have increased at an annualized rate of 24.4%, from $904M in 2018 to $2.69B in 2023.

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

Switzerland-Indonesia Trade: In 2023, Switzerland exported $729M to Indonesia. The main products that Switzerland exported to Indonesia were Gold ($153M), Base Metal Watches ($40.9M), and Precious Metal Watches ($37.9M). Over the past 5 years the exports of Switzerland to Indonesia have decreased at an annualized rate of 1.65%,  from $792M in 2018 to $729M in 2023.

In 2019, Switzerland exported services to Indonesia worth $50.4M, with Travel ($50.4M) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Indonesia exported $2.69B to Switzerland. The main products exported from Indonesia to Switzerland were Precious Metal Scraps ($2.17B), Leather Footwear ($61.2M), and Textile Footwear ($38.3M). During the last 5 years the exports of Indonesia to Switzerland have increased at an annualized rate of 24.4%, from $904M in 2018 to $2.69B in 2023.

In 2018, Switzerland exported $729M to Indonesia. The main products exported from Switzerland to Indonesia were Gold ($153M), Base Metal Watches ($40.9M), and Precious Metal Watches ($37.9M). During the last 5 years the exports of Switzerland to Indonesia have decreased at an annualized rate of 1.65%, from $792M in 2023 to $729M in 2018.

Exports from Indonesia (Flag) to Switzerland (Flag) (2023)

Exports from Switzerland (Flag) to Indonesia (Flag) (2023)

Latest Data

Trade between Indonesia (Flag) and Switzerland (Flag)

Indonesia Exports

Switzerland Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Switzerland
Top DestinationGermany$53.8B

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

In 2023, countries that imported more from Indonesia than Switzerland included China ($70.7B), Japan ($23.7B), and Malaysia ($14.2B).

In 2023, countries that imported more from Switzerland than Indonesia included Germany ($53.8B), Turkey ($19.3B), and United States ($45.1B).

Difference in imports from Switzerland (Flag) and Indonesia (Flag) (2023)

Comparative Advantage Indonesia - Switzerland

Flow
Scale

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

During 2023, Indonesia had a large net trade with Switzerland in the exports of Precious Metals ($2.2B), Footwear and Headwear ($138M), and Textiles ($104M).

During 2018, Switzerland had a large net trade with Indonesia in the exports of Chemical Products ($164M), Precious Metals ($158M), and Machines ($141M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Switzerland+$78.9MGold
Top Product Potential Switzerland Indonesia+$133MGold

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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Bilateral Service Trade

In 2019, Switzerland exported services to Indonesia worth $50.4M, with Travel ($50.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland (Flag) to Indonesia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Indonesia (Flag) and Switzerland (Flag) (2023)

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