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2022
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Exports $8.37BRnk 12 / 218
2022
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Top Product $4.63BPackaged Medicaments
2022
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Exports $9.99BRnk 11 / 219
2022
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Top Product $2.62BVaccines, blood, antisera, toxins and cultures
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 128 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$92,101CURRENT US$
Rnk 5 / 186
2012-2022
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GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Spain-Switzerland In 2022, Spain exported $8.37B to Switzerland. The main products that Spain exported to Switzerland are Packaged Medicaments ($4.63B), Cars ($648M), and Jewellery ($233M). During the last 27 years the exports of Spain to Switzerland have increased at an annualized rate of 7.72%, from $1.12B in 1995 to $8.37B in 2022.

In 2020, Spain exported services to Switzerland worth $387M, with Travel ($387M) being the largest in terms of value.

Switzerland-Spain In 2022, Switzerland exported $9.99B to Spain. The main products that Switzerland exported to Spain were Vaccines, blood, antisera, toxins and cultures ($2.62B), Nitrogen Heterocyclic Compounds ($1.84B), and Sulfonamides ($986M). During the last 27 years the exports of Switzerland to Spain have increased at an annualized rate of 6.56%, from $1.8B in 1995 to $9.99B in 2022.

In 2019, Switzerland exported services to Spain worth $1.79B, with Royalties and license fees ($763M), Computer and information services ($310M), and Financial services ($310M) being the largest in terms of value.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €547M and imported €434M from Switzerland, resulting in a positive trade balance of €113M. Between February 2023 and February 2024 the exports of Spain have decreased by €-150M (-21.5%) from €697M to €547M, while imports increased by €24.5M (5.99%) from €409M to €434M.

Trade In February 2024, the top exports of Spain to Switzerland were Packaged Medicaments (€249M), Cars (€65M), Citrus (€10.6M), Wine (€10.6M), and Gold (€8.92M). In February 2024 the top imports of Spain from Switzerland were Vaccines, blood, antisera, toxins and cultures (€91.3M), Packaged Medicaments (€55.8M), Nitrogen Heterocyclic Compounds (€29.3M), Unpackaged Medicaments (€27.9M), and Base Metal Watches (€22.3M).

Origins In February 2024 the exports of Spain were mainly from Barcelona (€315M), Madrid (€31.3M), Álava (€30.6M), Valencia (€15.9M), and Murcia (€13.1M), while imports destinations were mainly Madrid (€212M), Barcelona (€157M), Guipúzcoa (€6.31M), Sevilla (€6.3M), and Vizcaya (€4.97M).

Growth In February 2024, the decrease in Spain's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Packaged Medicaments (€-22.6M or -8.32%), Frozen Vegetables (€-2.85M or -88.5%), and Aluminium Plating (€-1.76M or -42%). In February 2024, the increase in Spain's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Packaged Medicaments (€25.2M or 82.5%), Base Metal Watches (€6.68M or 42.8%), and Carboxyamide Compounds (€3.69M or 40.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€-150M(-21.5%)
IMPORT GROWTH (February 2023 - February 2024)€24.5M(5.99%)
MAIN EXPORTER (February 2024)Barcelona€315M

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

To check Switzerland and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $8.37B to Switzerland. The main products exported from Spain to Switzerland were Packaged Medicaments ($4.63B), Cars ($648M), and Jewellery ($233M). During the last 27 years the exports of Spain to Switzerland have increased at an annualized rate of 7.72%, from $1.12B in 1995 to $8.37B in 2022.

In 2022, Switzerland exported $9.99B to Spain. The main products exported from Switzerland to Spain were Vaccines, blood, antisera, toxins and cultures ($2.62B), Nitrogen Heterocyclic Compounds ($1.84B), and Sulfonamides ($986M). During the last 27 years the exports of Switzerland to Spain have increased at an annualized rate of 6.56%, from $1.8B in 1995 to $9.99B in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Switzerland
Top DestinationUnited States$61.7B

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

In 2021, countries that imported more from Spain than Switzerland were France ($65.2B), Portugal ($34.9B), and Morocco ($12.1B).

In 2021, countries that imported more from Switzerland than Spain were United States ($61.7B), China ($44.1B), and Germany ($53.5B).

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

Comparative Advantage Spain - Switzerland

Flow
Scale

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

During 2022, Spain had a large net trade with Switzerland in the exports of Chemical Products ($5.11B), Transportation ($900M), and Vegetable Products ($506M).

During 2022, Switzerland had a large net trade with Spain in the exports of Chemical Products ($7.43B), Instruments ($769M), and Machines ($567M).

Service Trade

Bilateral Service Trade

In 2020, Spain exported services to Switzerland worth $387M, with Travel ($387M) being the largest in terms of value.

In 2019, Switzerland exported services to Spain worth $1.79B, with Royalties and license fees ($763M), Computer and information services ($310M), and Financial services ($310M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Switzerland (Flag) to Spain (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 Spain has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Spain.

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

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