Burkina Faso (BFA) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Burkina Faso-Switzerland Trade: In 2023, Burkina Faso exported $6B to Switzerland. The main products that Burkina Faso exported to Switzerland were Gold ($5.95B), Raw Cotton ($38.5M), and Silver ($5M). Over the past 5 years the exports of Burkina Faso to Switzerland have increased at an annualized rate of 13.2%, from $3.23B in 2018 to $6B in 2023.

In 2023, Burkina Faso did not export any services to Switzerland.

Switzerland-Burkina Faso Trade: In 2023, Switzerland exported $12.1M to Burkina Faso. The main products that Switzerland exported to Burkina Faso were Planes, Helicopters, and/or Spacecraft ($2.44M), Vaccines, blood, antisera, toxins and cultures ($1.75M), and Packaged Medicaments ($879k). Over the past 5 years the exports of Switzerland to Burkina Faso have decreased at an annualized rate of 8.8%, from $19.2M in 2018 to $12.1M in 2023.

In 2023, Switzerland did not export any services to Burkina Faso.

Comparison: In 2023, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Burkina Faso exported $6B to Switzerland. The main products exported from Burkina Faso to Switzerland were Gold ($5.95B), Raw Cotton ($38.5M), and Silver ($5M). During the last 5 years the exports of Burkina Faso to Switzerland have increased at an annualized rate of 13.2%, from $3.23B in 2018 to $6B in 2023.

In 2018, Switzerland exported $12.1M to Burkina Faso. The main products exported from Switzerland to Burkina Faso were Planes, Helicopters, and/or Spacecraft ($2.44M), Vaccines, blood, antisera, toxins and cultures ($1.75M), and Packaged Medicaments ($879k). During the last 5 years the exports of Switzerland to Burkina Faso have decreased at an annualized rate of 8.8%, from $19.2M in 2023 to $12.1M in 2018.

Exports from Burkina Faso () to Switzerland () (2023)

Exports from Switzerland () to Burkina Faso () (2023)

Latest Data

Trade between Burkina Faso () and Switzerland ()

Burkina Faso Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6B

Switzerland
Top DestinationGermany$53.8B

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 2023, countries that imported more from Burkina Faso than Switzerland included Mali ($268M), Togo ($114M), and Cote d'Ivoire ($136M).

In 2023, countries that imported more from Switzerland than Burkina Faso included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

Difference in imports from Switzerland () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Burkina Faso had a large net trade with Switzerland in the exports of Precious Metals ($5.96B), Textiles ($38.6M), and Vegetable Products ($2M).

During 2018, Switzerland had a large net trade with Burkina Faso in the exports of Chemical Products ($3.16M), Transportation ($3.11M), and Machines ($1.82M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to Switzerland () (2023)

Exports from Switzerland () to Burkina Faso () (2023)

Latest Data

Trade between Burkina Faso () and Switzerland ()

Burkina Faso Exports

Switzerland Exports

Market Competitiveness

Difference in imports from Switzerland () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and Switzerland () (2023)

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