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2022
Flag → Flag
Exports $13.5BRnk 7 / 219
2022
Flag → Flag
Top Product $3.18BGold
2022
Flag → Flag
Exports $7.99BRnk 13 / 224
2022
Flag → Flag
Top Product $1.81BGold
2022
Flag
Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Switzerland-United Kingdom Trade: In 2022, Switzerland exported $13.5B to United Kingdom. The main products that Switzerland exported to United Kingdom were Gold ($3.18B), Vaccines, blood, antisera, toxins and cultures ($1.33B), and Packaged Medicaments ($1.1B). Over the past 5 years the exports of Switzerland to United Kingdom have decreased at an annualized rate of 2.91%, from $15.6B in 2017 to $13.5B in 2022.

In 2019, Switzerland exported services to United Kingdom worth $10.4B, with Royalties and license fees ($3.38B), Transportation ($2.76B), and Financial services ($1.67B) being the largest in terms of value.

United Kingdom-Switzerland Trade: In 2022, United Kingdom exported $7.99B to Switzerland. The main products that United Kingdom exported to Switzerland were Gold ($1.81B), Jewellery ($607M), and Packaged Medicaments ($560M). Over the past 5 years the exports of United Kingdom to Switzerland have decreased at an annualized rate of 11.9%,  from $15.1B in 2017 to $7.99B in 2022.

In 2019, United Kingdom exported services to Switzerland worth $5.28B, with Financial services ($1.99B), Transportation ($1.11B), and Travel ($903M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $13.5B to United Kingdom. The main products exported from Switzerland to United Kingdom were Gold ($3.18B), Vaccines, blood, antisera, toxins and cultures ($1.33B), and Packaged Medicaments ($1.1B). During the last 5 years the exports of Switzerland to United Kingdom have decreased at an annualized rate of 2.91%, from $15.6B in 2017 to $13.5B in 2022.

In 2017, United Kingdom exported $7.99B to Switzerland. The main products exported from United Kingdom to Switzerland were Gold ($1.81B), Jewellery ($607M), and Packaged Medicaments ($560M). During the last 5 years the exports of United Kingdom to Switzerland have decreased at an annualized rate of 11.9%, from $15.1B in 2022 to $7.99B in 2017.

Exports from Switzerland (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Switzerland (Flag) (2022)

Latest Data

Trade between Switzerland (Flag) and United Kingdom (Flag)

Switzerland Exports

United Kingdom Exports

Market Competitiveness

Color
Switzerland
Top DestinationUnited States$61.7B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Switzerland than United Kingdom included Italy ($22.8B), Germany ($53.5B), and Slovenia ($11.7B).

In 2022, countries that imported more from United Kingdom than Switzerland included Netherlands ($41.9B), Ireland ($32.6B), and Belgium ($24.2B).

Difference in imports from United Kingdom (Flag) and Switzerland (Flag) (2022)

Comparative Advantage Switzerland - United Kingdom

Flow
Scale

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

During 2022, Switzerland had a large net trade with United Kingdom in the exports of Precious Metals ($4.66B), Chemical Products ($3.55B), and Instruments ($2.18B).

During 2017, United Kingdom had a large net trade with Switzerland in the exports of Precious Metals ($3.43B), Chemical Products ($1.41B), and Machines ($788M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland United Kingdom+$763MGold
Top Product Potential United Kingdom Switzerland+$421MGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2019, Switzerland exported services to United Kingdom worth $10.4B, with Royalties and license fees ($3.38B), Transportation ($2.76B), and Financial services ($1.67B) being the largest in terms of value.

In 2019, United Kingdom exported services to Switzerland worth $5.28B, with Financial services ($1.99B), Transportation ($1.11B), and Travel ($903M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland (Flag) to United Kingdom (Flag) (2019)

Services Exports from United Kingdom (Flag) to Switzerland (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Switzerland and United Kingdom. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and United Kingdom (Flag) (2022)

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