Japan (JPN) and Switzerland (CHE) Trade

2023

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Exports $7.56BRnk 22 / 211

2023

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About

Japan-Switzerland Trade: In 2023, Japan exported $7.56B to Switzerland. The main products that Japan exported to Switzerland were Gold ($2.21B), Vaccines, blood, antisera, toxins and cultures ($1.43B), and Cars ($662M). Over the past 5 years the exports of Japan to Switzerland have increased at an annualized rate of 11.4%, from $4.4B in 2018 to $7.56B in 2023.

In 2009, Japan exported services to Switzerland worth $3.83B, with Services not allocated ($1.91B), Other business services ($926M), and Transportation ($480M) being the largest in terms of value.

Switzerland-Japan Trade: In 2023, Switzerland exported $7.89B to Japan. The main products that Switzerland exported to Japan were Vaccines, blood, antisera, toxins and cultures ($1.72B), Packaged Medicaments ($1.48B), and Base Metal Watches ($1.16B). Over the past 5 years the exports of Switzerland to Japan have increased at an annualized rate of 0.81%, from $7.58B in 2018 to $7.89B in 2023.

In 2019, Switzerland exported services to Japan worth $1.86B, with Royalties and license fees ($902M), Insurance services ($324M), and Travel ($252M) being the largest in terms of value.

Comparison: In 2023, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥78.7B and imported ¥100B from Switzerland, resulting in a negative trade balance of ¥21.4B. Between November 2023 and November 2024 the exports of Japan have increased by ¥19.2B (32.3%) from ¥59.5B to ¥78.7B, while imports increased by ¥8.02B (8.72%) from ¥92B to ¥100B.

Trade In November 2024, the top exports of Japan to Switzerland were Gold (¥19B), Vaccines, blood, antisera, toxins and cultures (¥12.7B), Commodities not elsewhere specified (¥4.81B), Cars (¥3.96B), and Platinum (¥1.71B). In November 2024 the top imports of Japan from Switzerland were Vaccines, blood, antisera, toxins and cultures (¥18.1B), Base Metal Watches (¥15.5B), Packaged Medicaments (¥15.1B), Precious Metal Watches (¥4.7B), and Orthopedic Appliances (¥3.2B).

Origins In November 2024 the exports of Japan were mainly from Chiba (¥68.1B), Aichi (¥3.09B), Osaka (¥2.12B), Tokyo (¥1.54B), and Ibaraki (¥919M), while imports destinations were mainly Chiba (¥63.9B), Osaka (¥20.3B), Tokyo (¥9.9B), Aichi (¥1.87B), and Hyōgo (¥1.63B).

Growth In November 2024, the increase in Japan's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Vaccines, blood, antisera, toxins and cultures (¥10.5B or 477%), Gold (¥9.66B or 103%), and Cars (¥2.36B or 148%). In November 2024, the increase in Japan's year-by-year imports from Switzerland was explained primarily by an increase in product imports in Base Metal Watches (¥2.3B or 17.5%), Jewellery (¥336M or 31.2%), and Flavored Water (¥287M or 22.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)¥19.2B(32.3%)

IMPORT GROWTH (November 2023 - November 2024)¥8.02B(8.72%)

MAIN EXPORTER (November 2024)Chiba¥68.1B

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Japan exported $7.56B to Switzerland. The main products exported from Japan to Switzerland were Gold ($2.21B), Vaccines, blood, antisera, toxins and cultures ($1.43B), and Cars ($662M). During the last 5 years the exports of Japan to Switzerland have increased at an annualized rate of 11.4%, from $4.4B in 2018 to $7.56B in 2023.

In 2018, Switzerland exported $7.89B to Japan. The main products exported from Switzerland to Japan were Vaccines, blood, antisera, toxins and cultures ($1.72B), Packaged Medicaments ($1.48B), and Base Metal Watches ($1.16B). During the last 5 years the exports of Switzerland to Japan have increased at an annualized rate of 0.81%, from $7.58B in 2023 to $7.89B in 2018.

Exports from Japan () to Switzerland () (2023)

Exports from Switzerland () to Japan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Japan
Top DestinationUnited States$143B

Switzerland
Top DestinationGermany$53.8B

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

In 2023, countries that imported more from Japan than Switzerland included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

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

Comparative Advantage Japan - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Japan had a large net trade with Switzerland in the exports of Precious Metals ($2.95B), Chemical Products ($2.23B), and Transportation ($820M).

During 2018, Switzerland had a large net trade with Japan in the exports of Chemical Products ($3.6B), Instruments ($2.75B), and Machines ($632M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Japan Switzerland+$230MCars

Top Product Potential Switzerland Japan+$111MPackaged 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

Che Year

Jpn Year

In 2009, Japan exported services to Switzerland worth $3.83B, with Services not allocated ($1.91B), Other business services ($926M), and Transportation ($480M) being the largest in terms of value.

In 2019, Switzerland exported services to Japan worth $1.86B, with Royalties and license fees ($902M), Insurance services ($324M), and Travel ($252M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan () to Switzerland () (2009)

Services Exports from Switzerland () to Japan () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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