Netherlands (NLD) and Switzerland (CHE) Trade

2022

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Exports $6.57BRnk 17 / 224

2022

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Top Product $326MVaccines, blood, antisera, toxins and cultures

2022

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Exports $6.74BRnk 15 / 219

2022

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About

Netherlands-Switzerland Trade: In 2022, Netherlands exported $6.57B to Switzerland. The main products that Netherlands exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($326M), Refined Petroleum ($283M), and Medical Instruments ($234M). Over the past 5 years the exports of Netherlands to Switzerland have increased at an annualized rate of 4.06%, from $5.38B in 2017 to $6.57B in 2022.

In 2020, Netherlands exported services to Switzerland worth $5.85B, with Transportation ($2.74B), Other business services ($2.17B), and Computer and information services ($466M) being the largest in terms of value.

Switzerland-Netherlands Trade: In 2022, Switzerland exported $6.74B to Netherlands. The main products that Switzerland exported to Netherlands were Orthopedic Appliances ($1.43B), Packaged Medicaments ($1.31B), and Medical Instruments ($366M). Over the past 5 years the exports of Switzerland to Netherlands have increased at an annualized rate of 5.22%, from $4.96B in 2017 to $6.74B in 2022.

In 2019, Switzerland exported services to Netherlands worth $2.83B, with Royalties and license fees ($860M), Transportation ($744M), and Computer and information services ($459M) being the largest in terms of value.

Comparison: In 2022, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €709M and imported €392M from Switzerland, resulting in a positive trade balance of €317M. Between October 2021 and October 2022 the exports of Netherlands have increased by €103M (17%) from €606M to €709M, while imports increased by €23M (6.23%) from €369M to €392M.

Trade In October 2022, the top exports of Netherlands to Switzerland were Medicaments (including veterinary medicaments) (€77M), Instruments and appliances, n.e.s., for medical,... (€33M), Crude vegetable materials, n.e.s. (€28M), Medicinal and pharmaceutical products, other than... (€28M), and Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€19M). In October 2022 the top imports of Netherlands from Switzerland were Medicaments (including veterinary medicaments) (€40M), Medicinal and pharmaceutical products, other than... (€30M), Miscellaneous manufactured articles, n.e.s. (€29M), Aircraft and associated equipment; spacecraft (including... (€20M), and Instruments and appliances, n.e.s., for medical,... (€20M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Medicaments (including veterinary medicaments) (€10M or 14.9%), Articles of apparel, of textile fabrics,... (€6M or 300%), and Measuring, checking, analysing and controlling instruments... (€5M or 55.6%). In October 2022, the increase in Netherlands's year-by-year imports from Switzerland was explained primarily by an increase in product imports in Office machines (€7M or 700%), Instruments and appliances, n.e.s., for medical,... (€6M or 42.9%), and Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€5M or 167%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€103M(17%)

IMPORT GROWTH (October 2021 - October 2022)€23M(6.23%)

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

To check Switzerland and Netherlands 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 2022, Netherlands exported $6.57B to Switzerland. The main products exported from Netherlands to Switzerland were Vaccines, blood, antisera, toxins and cultures ($326M), Refined Petroleum ($283M), and Medical Instruments ($234M). During the last 5 years the exports of Netherlands to Switzerland have increased at an annualized rate of 4.06%, from $5.38B in 2017 to $6.57B in 2022.

In 2017, Switzerland exported $6.74B to Netherlands. The main products exported from Switzerland to Netherlands were Orthopedic Appliances ($1.43B), Packaged Medicaments ($1.31B), and Medical Instruments ($366M). During the last 5 years the exports of Switzerland to Netherlands have increased at an annualized rate of 5.22%, from $4.96B in 2022 to $6.74B in 2017.

Exports from Netherlands () to Switzerland () (2022)

Exports from Switzerland () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Netherlands than Switzerland included Belgium ($94.3B), Germany ($131B), and France ($59.9B).

In 2022, countries that imported more from Switzerland than Netherlands included China ($44.1B), United States ($61.7B), and India ($16B).

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

Comparative Advantage Netherlands - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Switzerland in the exports of Machines ($1.32B), Chemical Products ($1.13B), and Instruments ($717M).

During 2017, Switzerland had a large net trade with Netherlands in the exports of Instruments ($2.55B), Chemical Products ($1.98B), and Machines ($1.04B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Switzerland+$180MPackaged Medicaments

Top Product Potential Switzerland Netherlands+$289MPackaged 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

Nld Year

Service trade data is presented based on availability.

Services Exports from Netherlands () to Switzerland () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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