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2023
Flag → Flag
Exports $2.85BRnk 36 / 220
2023
Flag → Flag
Top Product $275MNitrogen Heterocyclic Compounds
2023
Flag → Flag
Exports $17.9BRnk 7 / 219
2023
Flag → Flag
Top Product $15.7BGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.96Rnk 3 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 125 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$99,565CURRENT US$
Rnk 5 / 196
2013-2023
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GDP PC GROWTH14%CURRENT US$
Rnk 122 / 195

About

India-Switzerland Trade: In 2023, India exported $2.85B to Switzerland. The main products that India exported to Switzerland were Nitrogen Heterocyclic Compounds ($275M), Diamonds ($210M), and Raw Aluminium ($149M). Over the past 5 years the exports of India to Switzerland have increased at an annualized rate of 9.4%, from $1.82B in 2018 to $2.85B in 2023.

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

Switzerland-India Trade: In 2023, Switzerland exported $17.9B to India. The main products that Switzerland exported to India were Gold ($15.7B), Base Metal Watches ($185M), and Packaged Medicaments ($114M). Over the past 5 years the exports of Switzerland to India have decreased at an annualized rate of 0.11%,  from $18.1B in 2018 to $17.9B in 2023.

In 2019, Switzerland exported services to India worth $958M, with Travel ($473M), Royalties and license fees ($187M), and Transportation ($137M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $90.8M and imported $4.8B from Switzerland, resulting in a negative trade balance of $4.71B. Between November 2023 and November 2024 the exports of India have increased by $11.5M (14.6%) from $79.3M to $90.8M, while imports increased by $3.24B (208%) from $1.56B to $4.8B.

Trade In November 2024, the top exports of India to Switzerland were Gold ($54.3M), Residul Chemicl And Alled Prod ($35M), Pearl, Precs, Semiprecs Stones ($9.28M), Organic Chemicals ($8.58M), and Other Miscellaenious Chemicals ($4.54M). In November 2024 the top imports of India from Switzerland were Gold ($147M), Drug Formulations, Biologicals ($38M), Vegetable Oils ($30.1M), Indl. Machnry For Dairy Etc ($22.1M), and Medical And Scientific Instrum ($20.5M).

Growth In November 2024, the increase in India's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Residul Chemicl And Alled Prod ($9.83M or 39%), Other Commodities ($2.18M or 180%), and Other Misc. Engineering Items ($1.55M or 67.9%). In November 2024, the increase in India's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$11.5M(14.6%)
IMPORT GROWTH (November 2023 - November 2024)$3.24B(208%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Switzerland and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $2.85B to Switzerland. The main products exported from India to Switzerland were Nitrogen Heterocyclic Compounds ($275M), Diamonds ($210M), and Raw Aluminium ($149M). During the last 5 years the exports of India to Switzerland have increased at an annualized rate of 9.4%, from $1.82B in 2018 to $2.85B in 2023.

In 2018, Switzerland exported $17.9B to India. The main products exported from Switzerland to India were Gold ($15.7B), Base Metal Watches ($185M), and Packaged Medicaments ($114M). During the last 5 years the exports of Switzerland to India have decreased at an annualized rate of 0.11%, from $18.1B in 2023 to $17.9B in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Switzerland
Top DestinationGermany$53.8B

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

In 2023, countries that imported more from India than Switzerland included United States ($85.5B), United Arab Emirates ($28.8B), and Bangladesh ($11.3B).

In 2023, countries that imported more from Switzerland than India included Germany ($53.8B), China ($47.7B), and Turkey ($19.3B).

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

Comparative Advantage India - Switzerland

Flow
Scale

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

During 2023, India had a large net trade with Switzerland in the exports of Chemical Products ($1.04B), Precious Metals ($399M), and Textiles ($392M).

During 2018, Switzerland had a large net trade with India in the exports of Precious Metals ($15.8B), Machines ($703M), and Instruments ($565M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Switzerland+$109MDiamonds
Top Product Potential Switzerland India+$91.6MPackaged 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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Bilateral Service Trade

In 2019, Switzerland exported services to India worth $958M, with Travel ($473M), Royalties and license fees ($187M), and Transportation ($137M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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