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Switzerland-Thailand Bilateral Trade Analysis 2023

Complete trade statistics: $8.53B total volume •Switzerland surplus: $366.24M

Switzerland → Thailand

$4.45B

Exports (2023)

Thailand → Switzerland

$4.08B

Imports (2023)

Trade Balance

$366.24M

Surplus for Switzerland

Total Trade

$8.53B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Switzerland and Thailand. 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-Thailand commercial relationship and competitive positioning in global markets.

Switzerland → Thailand Exports

$4.45B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
66.5% top product
1Metals: gold, non-monetary, unwrought (but not powder)
$2.96B
66.5% of exports
2Wrist-watches: whether or not incorporating a stop-watch facility, with automatic winding
$147.26M
3.3% of exports
3Metals: silver, unwrought, (but not powder)
$106.95M
2.4% of exports
4Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$100.14M
2.3% of exports
5Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$96.78M
2.2% of exports
6Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale
$88.66M
2.0% of exports
7Wrist-watches: (not electrically operated), automatic winding, whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal
$47.10M
1.1% of exports
8Clock or watch parts: springs, including hairsprings
$46.18M
1.0% of exports
9Wrist-watches: (not electrically operated), (not automatic winding), whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal
$40.25M
0.9% of exports
10Watch cases: of base metal, whether or not gold-plated or silver-plated
$38.85M
0.9% of exports

🎯 Strategic Export Focus

Switzerland's export portfolio to Thailand demonstrates strong diversification across multiple sectors, with metals: gold, non-monetary, unwrought (but not powder) representing a key competitive advantage in this bilateral market.

Thailand → Switzerland Imports

$4.08B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
65.4% concentration
1Metals: gold, non-monetary, unwrought (but not powder)
$2.67B
65.4% of imports
2Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$99.88M
2.4% of imports
3Watch straps, watch bands, watch bracelets, and parts thereof: of base metal, whether or not gold- or silver-plated
$93.66M
2.3% of imports
4Clock or watch parts: springs, including hairsprings
$87.97M
2.2% of imports
5Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$54.85M
1.3% of imports
6Printing, copying, and facsimile machines: machines which perform two or more of the functions of printing, copying or facsimile transmission, capable of connecting to an automatic data processing machine or to a network
$42.33M
1.0% of imports
7Television cameras, digital cameras and video camera recorders
$41.00M
1.0% of imports
8Units of automatic data processing machines: storage units
$38.71M
0.9% of imports
9Fish preparations: tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced)
$30.17M
0.7% of imports
10Clock or watch parts: dials
$26.00M
0.6% of imports

📦 Import Strategy Analysis

Switzerland's import pattern from Thailand reveals strategic sourcingin metals: gold, non-monetary, unwrought (but not powder), highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Switzerland demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to Thailand, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $8.53B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Switzerland-Thailand Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $8.53 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Switzerland maintains a surplus of $366.24 million
  • Export Focus: Switzerland's primary exports include metals: gold, non-monetary, unwrought (but not powder), wrist-watches: whether or not incorporating a stop-watch facility, with automatic winding, metals: silver, unwrought, (but not powder)
  • Import Dependencies: Key imports from Thailand include metals: gold, non-monetary, unwrought (but not powder), stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set, watch straps, watch bands, watch bracelets, and parts thereof: of base metal, whether or not gold- or silver-plated

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents an important regional 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 $8.53B 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 metals: gold, non-monetary, unwrought (but not powder).

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

1

Comparative Advantage

Switzerland's specialization in metals: gold, non-monetary, unwrought (but not powder)complements Thailand's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, non-monetary, unwrought (but not powder).

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $8.53B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $8.53B 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 $8.53 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in metals: gold, non-monetary, unwrought (but not powder) and metals: gold, non-monetary, unwrought (but not powder) demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Switzerland's trade surplus of $366.24 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in wrist-watches: whether or not incorporating a stop-watch facility, with automatic winding present expansion opportunities.
Market Diversification
Beyond current focus on metals: gold, non-monetary, unwrought (but not powder), new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in metals: gold, non-monetary, unwrought (but not powder) may affect future market positioning.

🎯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 Thailand represents a total trade volume of $8.53 billion in 2023. This partnership demonstrates a favorable trade balance for Switzerland, with exports exceeding importsby $366.24 million.

Export Strengths

Switzerland's exports to Thailand total $4.45 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $2.96B or66.5% of bilateral exports.

Import Dependencies

Imports from Thailand amount to $4.08 billion, highlighting economic interdependence in metals: gold, non-monetary, unwrought (but not powder), with Metals: gold, non-monetary, unwrought (but not powder) comprising65.4% 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 Thailand in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023