2023
Exports
$560MWorld Rnk 21 / 216
Flag Rnk 78 / 1211
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$754MWorld Rnk 22 / 225
Flag Rnk 65 / 1212
2023
ECONOMIC COMPLEXITY of Switzerland
1.96Rnk 3 / 132

About

Exports In 2023, Switzerland exported $560M in Electric Heaters, making it the 21st largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 78th most exported product in Switzerland. The main destination of Electric Heaters exports from Switzerland are: Germany ($188M), United States ($97.9M), Hungary ($29.1M), France ($20.2M), and China ($19.1M).

The fastest growing export markets for Electric Heaters of Switzerland between 2022 and 2023 were Russia ($4.28M), Italy ($3.67M), and France ($2.08M).

Imports In 2023, Switzerland imported $754M in Electric Heaters, becoming the 22nd largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 65th most imported product in Switzerland. Switzerland imports Electric Heaters primarily from: Germany ($206M), China ($171M), Portugal ($64.8M), Italy ($62.6M), and Austria ($55.7M).

The fastest growing import markets in Electric Heaters for Switzerland between 2022 and 2023 were Philippines ($13.2M), Romania ($6.97M), and Italy ($3.39M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Heaters. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$560M
IMPORTS (2023)$754M
NET TRADE (2023)-$194M

In 2023, Switzerland exported $560M in Electric Heaters. The main destinations of Switzerland exports on Electric Heaters were Germany ($188M), United States ($97.9M), Hungary ($29.1M), France ($20.2M), and China ($19.1M).

In 2023, Switzerland imported $754M in Electric Heaters, mainly from Germany ($206M), China ($171M), Portugal ($64.8M), Italy ($62.6M), and Austria ($55.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Switzerland WERE (2022 - 2023):
Russia$4.28M (134%)
Italy$3.67M (27%)
France$2.08M (11.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Switzerland WERE (2022 - 2023):
Germany-$66.3M (-26.1%)
United States-$53.8M (-35.5%)
Canada-$19.5M (-58.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Switzerland's main exporting competitors in Electric Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Switzerland's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $70.6M
TOP IMPORT POTENTIALChina+ $65.8M

Electric Heaters’s highest export potential is Germany. With an export gap of $70.6M.   Electric Heaters’s highest import potential is China with an import gap of $65.8M.

See methodology.

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