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Pricing

2023
Flag → Flag
Exports $31.2MRnk 108 / 216
2023
Flag → Flag
Top Product $4.42MInterchangeable Tool Parts
2023
Flag → Flag
Exports $786kRnk 46 / 125
2023
Flag → Flag
Top Product $214kExcavation Machinery
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Sweden-Burkina Faso Trade: In 2023, Sweden exported $31.2M to Burkina Faso. The main products that Sweden exported to Burkina Faso were Interchangeable Tool Parts ($4.42M), Prepared Explosives ($3.44M), and Excavation Machinery ($2.04M). Over the past 5 years the exports of Sweden to Burkina Faso have decreased at an annualized rate of 1.57%, from $33.8M in 2018 to $31.2M in 2023.

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

Burkina Faso-Sweden Trade: In 2023, Burkina Faso exported $786k to Sweden. The main products that Burkina Faso exported to Sweden were Excavation Machinery ($214k), Interchangeable Tool Parts ($117k), and Other Construction Vehicles ($83.6k). Over the past 5 years the exports of Burkina Faso to Sweden have increased at an annualized rate of 21.8%,  from $293k in 2018 to $786k in 2023.

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

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Latest Trends

November, 2024

About

Overview In November 2024, Sweden exported SEK7.06M and imported SEK916k from Burkina Faso, resulting in a positive trade balance of SEK6.15M. Between November 2023 and November 2024 the exports of Sweden have decreased by SEK-410k (-5.49%) from SEK7.47M to SEK7.06M, while imports decreased by SEK-125k (-12%) from SEK1.04M to SEK916k.

Trade In November 2024, the top exports of Sweden to Burkina Faso were Telephones (SEK4.54M), Excavation Machinery (SEK1.95M), Interchangeable Tool Parts (SEK961k), Air Pumps (SEK478k), and Liquid Pumps (SEK364k). In November 2024 the top imports of Sweden from Burkina Faso were Other Electrical Machinery (SEK144k).

Growth In November 2024, the decrease in Sweden's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in Interchangeable Tool Parts (SEK-792k or -45.2%), Ball Bearings (SEK-432k or -98.4%), and Valves (SEK-44k or -81.5%). In October 2024, the decrease in Sweden's year-by-year imports  from Burkina Faso was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)SEK-410k(-5.49%)
IMPORT GROWTH (October 2023 - October 2024)SEK-125k(-12%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Burkina Faso and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $31.2M to Burkina Faso. The main products exported from Sweden to Burkina Faso were Interchangeable Tool Parts ($4.42M), Prepared Explosives ($3.44M), and Excavation Machinery ($2.04M). During the last 5 years the exports of Sweden to Burkina Faso have decreased at an annualized rate of 1.57%, from $33.8M in 2018 to $31.2M in 2023.

In 2018, Burkina Faso exported $786k to Sweden. The main products exported from Burkina Faso to Sweden were Excavation Machinery ($214k), Interchangeable Tool Parts ($117k), and Other Construction Vehicles ($83.6k). During the last 5 years the exports of Burkina Faso to Sweden have increased at an annualized rate of 21.8%, from $293k in 2023 to $786k in 2018.

Exports from Sweden (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Sweden than Burkina Faso included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, countries that imported more from Burkina Faso than Sweden included Switzerland ($6B), Mali ($268M), and Togo ($114M).

Difference in imports from Burkina Faso (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Burkina Faso

Flow
Scale

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

During 2023, Sweden had a large net trade with Burkina Faso in the exports of Machines ($11.9M), Metals ($10.6M), and Chemical Products ($4.97M).

During 2018, Burkina Faso had a large net trade with Sweden in the exports of Machines ($475k), Metals ($262k), and Miscellaneous ($21.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Burkina Faso+$1.38MTelephones
Top Product Potential Burkina Faso Sweden+$431kExcavation Machinery

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 Sweden and Burkina Faso. This means that a dot/product with the flag of Sweden 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 Sweden.

Product Space of Sweden (Flag) and Burkina Faso (Flag) (2023)

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