2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH
50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
GDP PC 
$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH
13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186

About

Burkina Faso-Switzerland Trade: In 2022, Burkina Faso exported $6.08B to Switzerland. The main products that Burkina Faso exported to Switzerland were Gold ($5.93B), Raw Cotton ($153M), and Silver ($4.66M). Over the past 5 years the exports of Burkina Faso to Switzerland have increased at an annualized rate of 14.9%, from $3.04B in 2017 to $6.08B in 2022.

In 2022, Burkina Faso did not export any services to Switzerland.

Switzerland-Burkina Faso Trade: In 2022, Switzerland exported $14.7M to Burkina Faso. The main products that Switzerland exported to Burkina Faso were Vaccines, blood, antisera, toxins and cultures ($3.92M), Packaged Medicaments ($1.4M), and Iron Blocks ($1.37M). Over the past 5 years the exports of Switzerland to Burkina Faso have decreased at an annualized rate of 7.72%,  from $45.4M in 2017 to $14.7M in 2022.

In 2022, Switzerland did not export any services to Burkina Faso.

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $6.08B to Switzerland. The main products exported from Burkina Faso to Switzerland were Gold ($5.93B), Raw Cotton ($153M), and Silver ($4.66M). During the last 5 years the exports of Burkina Faso to Switzerland have increased at an annualized rate of 16.9%, from $627M in 2017 to $6.08B in 2022.

In 2017, Switzerland exported $14.7M to Burkina Faso. The main products exported from Switzerland to Burkina Faso were Vaccines, blood, antisera, toxins and cultures ($3.92M), Packaged Medicaments ($1.4M), and Iron Blocks ($1.37M). During the last 5 years the exports of Switzerland to Burkina Faso have decreased at an annualized rate of 25.5%, from $618M in 2022 to $14.7M in 2017.

Exports from Burkina Faso (Flag) to Switzerland (Flag) (2022)

Exports from Switzerland (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and Switzerland (Flag)

Burkina Faso Exports

Switzerland Exports

Market Competitiveness

Color
Burkina Faso
Top Destination
Switzerland$6.08B
Switzerland
Top Destination
United States$61.7B

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

In 2022, countries that imported more from Burkina Faso than Switzerland included Mali ($304M), Cote d'Ivoire ($171M), and Ghana ($53M).

In 2022, countries that imported more from Switzerland than Burkina Faso included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

Difference in imports from Switzerland (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - Switzerland

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Switzerland in the exports of Precious Metals ($5.93B), Textiles ($153M), and Vegetable Products ($1.25M).

During 2017, Switzerland had a large net trade with Burkina Faso in the exports of Chemical Products ($5.99M), Metals ($2.45M), and Machines ($2.34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Switzerland+$1.27MTropical Fruits
Top Product Potential Switzerland Burkina Faso+$4.27MVaccines, blood, antisera, toxins and cultures

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 Burkina Faso and Switzerland. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Switzerland. Similarly, a dot/product with the flag of Switzerland indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and Switzerland (Flag) (2022)

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