Saudi Arabia-Switzerland Bilateral Trade Analysis 2023
Complete trade statistics: $7.70B total volume •Saudi Arabia deficit: $5.90B
Saudi Arabia → Switzerland
$898.62M
Exports (2023)
Switzerland → Saudi Arabia
$6.80B
Imports (2023)
Trade Balance
$5.90B
Deficit for Saudi Arabia
Total Trade
$7.70B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saudi Arabia and Switzerland. Green line shows exports from Saudi Arabia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saudi Arabia-Switzerland commercial relationship and competitive positioning in global markets.
Saudi Arabia → Switzerland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saudi Arabia'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 → Saudi Arabia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saudi Arabia's import pattern from Switzerland reveals significant dependencyin metals: gold, non-monetary, unwrought (but not powder), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saudi Arabia demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to Switzerland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $7.70B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saudi Arabia-Switzerland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $7.70 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Saudi Arabia maintains a deficit of $5.90 billion
- Export Focus: Saudi Arabia's primary exports include metals: gold, non-monetary, unwrought (but not powder), aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square), jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
- Import Dependencies: Key imports from Switzerland include metals: gold, non-monetary, unwrought (but not powder), blood, 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, 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 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 $7.70B 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 Saudi Arabia 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
Comparative Advantage
Saudi Arabia's specialization in metals: gold, non-monetary, unwrought (but not powder)complements Switzerland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, non-monetary, unwrought (but not powder).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $7.70B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $7.70B 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 $7.70 billion bilateral trade volume represents a important trade relationshipfor both economies.
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.
Trade Balance Effects
Saudi Arabia's trade deficit of $5.90 billion impacts 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 Saudi Arabia and Switzerland represents a total trade volume of $7.70 billion in 2023. This partnership demonstrates an unfavorable trade balance for Saudi Arabia, with imports exceeding exportsby $5.90 billion.
Export Strengths
Saudi Arabia's exports to Switzerland total $898.62 million, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $451.36M or50.2% of bilateral exports.
Import Dependencies
Imports from Switzerland amount to $6.80 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 deficit indicates Saudi Arabia'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 Saudi Arabia and Switzerland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023