Switzerland-Austria Bilateral Trade Analysis 2023
Complete trade statistics: $22.02B total volume •Switzerland surplus: $238.81M
Switzerland → Austria
$11.13B
Exports (2023)
Austria → Switzerland
$10.89B
Imports (2023)
Trade Balance
$238.81M
Surplus for Switzerland
Total Trade
$22.02B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Switzerland and Austria. Green line shows exports from Switzerland, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Switzerland-Austria commercial relationship and competitive positioning in global markets.
Switzerland → Austria Exports
Export Market Intelligence
🎯 Strategic Export Focus
Switzerland's export portfolio to Austria demonstrates strong diversification across multiple sectors, with polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts representing a key competitive advantage in this bilateral market.
Austria → Switzerland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Switzerland's import pattern from Austria reveals strategic sourcingin medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Switzerland demonstrates competitive strength in exportingpolypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts to Austria, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $22.02B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Switzerland-Austria Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $22.02 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Switzerland maintains a surplus of $238.81 million
- Export Focus: Switzerland's primary exports include polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts, metals: gold, semi-manufactured, metals: gold, non-monetary, unwrought (but not powder)
- Import Dependencies: Key imports from Austria include medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale, electrical energy, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $22.02B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Switzerland leveraging its comparative advantages in polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Switzerland's specialization in polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its saltscomplements Austria's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $22.02B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $22.02B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $22.02 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts and medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Switzerland's trade surplus of $238.81 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Switzerland and Austria represents a total trade volume of $22.02 billion in 2023. This partnership demonstrates a favorable trade balance for Switzerland, with exports exceeding importsby $238.81 million.
Export Strengths
Switzerland's exports to Austria total $11.13 billion, with competitive advantages in polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts, representing $2.97B or26.7% of bilateral exports.
Import Dependencies
Imports from Austria amount to $10.89 billion, highlighting economic interdependence in medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale comprising21.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Switzerland's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Switzerland and Austria in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023