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Thailand-Switzerland Bilateral Trade Analysis 2023

Complete trade statistics: $8.53B total volume •Thailand deficit: $366.24M

Thailand → Switzerland

$4.08B

Exports (2023)

Switzerland → Thailand

$4.45B

Imports (2023)

Trade Balance

$366.24M

Deficit for Thailand

Total Trade

$8.53B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Thailand and Switzerland. Green line shows exports from Thailand, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Switzerland commercial relationship and competitive positioning in global markets.

Thailand → Switzerland Exports

$4.08B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
65.4% top product
1Metals: gold, non-monetary, unwrought (but not powder)
$2.67B
65.4% of exports
2Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$99.88M
2.4% of exports
3Watch straps, watch bands, watch bracelets, and parts thereof: of base metal, whether or not gold- or silver-plated
$93.66M
2.3% of exports
4Clock or watch parts: springs, including hairsprings
$87.97M
2.2% of exports
5Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$54.85M
1.3% of exports
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 exports
7Television cameras, digital cameras and video camera recorders
$41.00M
1.0% of exports
8Units of automatic data processing machines: storage units
$38.71M
0.9% of exports
9Fish preparations: tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced)
$30.17M
0.7% of exports
10Clock or watch parts: dials
$26.00M
0.6% of exports

🎯 Strategic Export Focus

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

Switzerland → Thailand Imports

$4.45B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
66.5% concentration
1Metals: gold, non-monetary, unwrought (but not powder)
$2.96B
66.5% of imports
2Wrist-watches: whether or not incorporating a stop-watch facility, with automatic winding
$147.26M
3.3% of imports
3Metals: silver, unwrought, (but not powder)
$106.95M
2.4% of imports
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 imports
5Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$96.78M
2.2% of imports
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 imports
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 imports
8Clock or watch parts: springs, including hairsprings
$46.18M
1.0% of imports
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 imports
10Watch cases: of base metal, whether or not gold-plated or silver-plated
$38.85M
0.9% of imports

📦 Import Strategy Analysis

Thailand's import pattern from Switzerland 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

Thailand demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to Switzerland, 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: Thailand-Switzerland Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $8.53 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Thailand maintains a deficit of $366.24 million
  • Export Focus: Thailand's primary exports 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
  • Import Dependencies: Key imports from Switzerland 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)

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 Thailand 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

Thailand's specialization in metals: gold, non-monetary, unwrought (but not powder)complements Switzerland'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

Thailand's trade deficit of $366.24 million impacts 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 stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set 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 Thailand and Switzerland represents a total trade volume of $8.53 billion in 2023. This partnership demonstrates an unfavorable trade balance for Thailand, with imports exceeding exportsby $366.24 million.

Export Strengths

Thailand's exports to Switzerland total $4.08 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $2.67B or65.4% of bilateral exports.

Import Dependencies

Imports from Switzerland amount to $4.45 billion, highlighting economic interdependence in metals: gold, non-monetary, unwrought (but not powder), with Metals: gold, non-monetary, unwrought (but not powder) comprising66.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Thailand's strategic sourcing from Switzerland. 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 Thailand and Switzerland in multiple formats.

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