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

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $12.1M in 2023.

In 2018, 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 2023 to $6B in 2018.

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

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

Latest Data

Trade between Switzerland () and Burkina Faso ()

Switzerland Exports

Date

Burkina Faso Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Burkina Faso
Top DestinationSwitzerland$6B

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

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

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

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

Comparative Advantage Switzerland - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Burkina Faso in the exports of Chemical Products ($3.16M), Transportation ($3.11M), and Machines ($1.82M).

During 2018, Burkina Faso had a large net trade with Switzerland in the exports of Precious Metals ($5.96B), Textiles ($38.6M), and Vegetable Products ($2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Burkina Faso+$4.27MVaccines, blood, antisera, toxins and cultures

Top Product Potential Burkina Faso Switzerland+$1.27MTropical Fruits

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Switzerland () and Burkina Faso ()

Switzerland Exports

Burkina Faso Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Burkina Faso

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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