2022
Flag  
GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Switzerland-Singapore Trade: In 2022, Switzerland exported $9.81B to Singapore. The main products that Switzerland exported to Singapore were Gold ($3.62B), Nitrogen Heterocyclic Compounds ($2.21B), and Base Metal Watches ($890M). Over the past 5 years the exports of Switzerland to Singapore have increased at an annualized rate of 4.64%, from $7.82B in 2017 to $9.81B in 2022.

In 2019, Switzerland exported services to Singapore worth $1.94B, with Transportation ($584M), Royalties and license fees ($460M), and Financial services ($354M) being the largest in terms of value.

Singapore-Switzerland Trade: In 2022, Singapore exported $4.55B to Switzerland. The main products that Singapore exported to Switzerland were Packaged Medicaments ($2.75B), Vaccines, blood, antisera, toxins and cultures ($569M), and Gold ($418M). Over the past 5 years the exports of Singapore to Switzerland have increased at an annualized rate of 12.6%,  from $2.51B in 2017 to $4.55B in 2022.

In 2022, Singapore did not export any services to Switzerland.

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Switzerland exported $9.81B to Singapore. The main products exported from Switzerland to Singapore were Gold ($3.62B), Nitrogen Heterocyclic Compounds ($2.21B), and Base Metal Watches ($890M). During the last 5 years the exports of Switzerland to Singapore have increased at an annualized rate of 4.64%, from $7.82B in 2017 to $9.81B in 2022.

In 2017, Singapore exported $4.55B to Switzerland. The main products exported from Singapore to Switzerland were Packaged Medicaments ($2.75B), Vaccines, blood, antisera, toxins and cultures ($569M), and Gold ($418M). During the last 5 years the exports of Singapore to Switzerland have increased at an annualized rate of 12.6%, from $2.51B in 2022 to $4.55B in 2017.

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

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

Latest Data

Trade between Switzerland (Flag) and Singapore (Flag)

Switzerland Exports

Singapore Exports

Market Competitiveness

Color
Switzerland
Top Destination
United States$61.7B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Switzerland than Singapore included Germany ($53.5B), United States ($61.7B), and Italy ($22.8B).

In 2022, countries that imported more from Singapore than Switzerland included Hong Kong ($51.6B), Malaysia ($35.9B), and Indonesia ($22.5B).

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

Comparative Advantage Switzerland - Singapore

Flow
Scale

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

During 2022, Switzerland had a large net trade with Singapore in the exports of Precious Metals ($4.28B), Chemical Products ($2.82B), and Instruments ($1.88B).

During 2017, Singapore had a large net trade with Switzerland in the exports of Chemical Products ($3.35B), Precious Metals ($714M), and Instruments ($287M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Singapore+$31.4MPackaged Medicaments
Top Product Potential Singapore Switzerland+$121MGold

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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Economic Complexity

Competitive Landscape

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

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

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