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

Italy-Switzerland In 2022, Italy exported $27.8B to Switzerland. The main products that Italy exported to Switzerland are 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.

Switzerland-Italy In 2022, Switzerland exported $22.8B to Italy. The main products that Switzerland exported 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 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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Italy - Switzerland

Flow
Scale

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

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).

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).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

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

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 Italy has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Italy.

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

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