2022
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GDP
$808BCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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 GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$92,101CURRENT US$
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2012-2022
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GDP PC GROWTH
7.3%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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About

Switzerland-Italy In 2022, Switzerland exported $22.8B to Italy. The main products that Switzerland exported to Italy are Electricity ($5.68B), Gold ($2.74B), and Nitrogen Heterocyclic Compounds ($2.37B). During the last 27 years the exports of Switzerland to Italy have increased at an annualized rate of 3.97%, from $7.97B in 1995 to $22.8B in 2022.

In 2019, Switzerland exported services to Italy worth $5.53B, with Travel ($2.13B), Transportation ($1.06B), and Royalties and license fees ($851M) being the largest in terms of value.

Italy-Switzerland In 2022, Italy exported $27.8B to Switzerland. The main products that Italy exported to Switzerland were Packaged Medicaments ($4.16B), Gold ($1.48B), and Jewellery ($1.02B). During the last 27 years the exports of Italy to Switzerland have increased at an annualized rate of 4.41%, from $8.65B in 1995 to $27.8B in 2022.

In 2020, Italy exported services to Switzerland worth $7.06B, with Other business services ($4.38B), Travel ($1.46B), and Transportation ($396M) being the largest in terms of value.

Comparison In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.85), and 17 in total exports ($402B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $22.8B to Italy. The main products exported from Switzerland to Italy were Electricity ($5.68B), Gold ($2.74B), and Nitrogen Heterocyclic Compounds ($2.37B). During the last 27 years the exports of Switzerland to Italy have increased at an annualized rate of 3.97%, from $7.97B in 1995 to $22.8B in 2022.

In 2022, Italy exported $27.8B to Switzerland. The main products exported from Italy to Switzerland were Packaged Medicaments ($4.16B), Gold ($1.48B), and Jewellery ($1.02B). During the last 27 years the exports of Italy to Switzerland have increased at an annualized rate of 4.41%, from $8.65B in 1995 to $27.8B in 2022.

Exports from Switzerland (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Switzerland (Flag) (2022)

Latest Data

Trade between Switzerland (Flag) and Italy (Flag)

Switzerland Exports

Italy Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
Italy
Top Destination
Germany$78.5B

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

In 2021, countries that imported more from Switzerland than Italy were China ($44.1B), India ($16B), and Singapore ($9.81B).

In 2021, countries that imported more from Italy than Switzerland were France ($63.8B), Germany ($78.5B), and Spain ($32.8B).

Difference in imports from Italy (Flag) and Switzerland (Flag) (2022)

Comparative Advantage Switzerland - Italy

Flow
Scale

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

During 2022, Switzerland had a large net trade with Italy in the exports of Chemical Products ($6.72B), Mineral Products ($5.84B), and Precious Metals ($3.81B).

During 2022, Italy had a large net trade with Switzerland in the exports of Chemical Products ($5.6B), Machines ($3.56B), and Precious Metals ($3.25B).

Service Trade

Bilateral Service Trade

In 2019, Switzerland exported services to Italy worth $5.53B, with Travel ($2.13B), Transportation ($1.06B), and Royalties and license fees ($851M) being the largest in terms of value.

In 2020, Italy exported services to Switzerland worth $7.06B, with Other business services ($4.38B), Travel ($1.46B), and Transportation ($396M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Italy (Flag) to Switzerland (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Switzerland has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and Italy (Flag) (2022)

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