Switzerland (CHE) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Switzerland-South Korea In 2022, Switzerland exported $3.74B to South Korea. The main products that Switzerland exported to South Korea are Base Metal Watches ($538M), Packaged Medicaments ($420M), and Vaccines, blood, antisera, toxins and cultures ($354M). During the last 27 years the exports of Switzerland to South Korea have increased at an annualized rate of 3.99%, from $1.3B in 1995 to $3.74B in 2022.

In 2019, Switzerland exported services to South Korea worth $178M, with Travel ($178M) being the largest in terms of value.

South Korea-Switzerland In 2022, South Korea exported $1.86B to Switzerland. The main products that South Korea exported to Switzerland were Vaccines, blood, antisera, toxins and cultures ($816M), Cars ($188M), and Gold ($107M). During the last 27 years the exports of South Korea to Switzerland have increased at an annualized rate of 5.48%, from $442M in 1995 to $1.86B in 2022.

In 2005, South Korea exported services to Switzerland worth $250M, with Transportation ($127M), Other business services ($88M), and Travel ($16.9M) being the largest in terms of value.

Comparison In 2022, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Switzerland exported $3.74B to South Korea. The main products exported from Switzerland to South Korea were Base Metal Watches ($538M), Packaged Medicaments ($420M), and Vaccines, blood, antisera, toxins and cultures ($354M). During the last 27 years the exports of Switzerland to South Korea have increased at an annualized rate of 3.99%, from $1.3B in 1995 to $3.74B in 2022.

In 2022, South Korea exported $1.86B to Switzerland. The main products exported from South Korea to Switzerland were Vaccines, blood, antisera, toxins and cultures ($816M), Cars ($188M), and Gold ($107M). During the last 27 years the exports of South Korea to Switzerland have increased at an annualized rate of 5.48%, from $442M in 1995 to $1.86B in 2022.

Exports from Switzerland () to South Korea () (2022)

Exports from South Korea () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and South Korea ()

Switzerland Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

South Korea
Top DestinationChina$150B

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

In 2021, countries that imported more from Switzerland than South Korea were Germany ($53.5B), Italy ($22.8B), and France ($20.4B).

In 2021, countries that imported more from South Korea than Switzerland were China ($150B), Vietnam ($60.7B), and United States ($112B).

Difference in imports from South Korea () and Switzerland () (2022)

Comparative Advantage Switzerland - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with South Korea in the exports of Chemical Products ($1.17B), Instruments ($1.14B), and Machines ($629M).

During 2022, South Korea had a large net trade with Switzerland in the exports of Chemical Products ($971M), Precious Metals ($237M), and Transportation ($210M).

Service Trade

Bilateral Service Trade

Che Year

In 2019, Switzerland exported services to South Korea worth $178M, with Travel ($178M) being the largest in terms of value.

In 2005, South Korea exported services to Switzerland worth $250M, with Transportation ($127M), Other business services ($88M), and Travel ($16.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland () to South Korea () (2019)

Services Exports from South Korea () to Switzerland () (2005)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to South Korea () (2022)

Exports from South Korea () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and South Korea ()

Switzerland Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Switzerland () (2022)

Comparative Advantage Switzerland - South Korea

Service Trade

Bilateral Service Trade

Services Exports from Switzerland () to South Korea () (2019)

Services Exports from South Korea () to Switzerland () (2005)

Economic Complexity

Competitive Landscape

Product Space of Switzerland () and South Korea () (2022)

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