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Pricing

2022
Flag → Flag
Exports $21.1kRnk 109 / 129
2022
Flag → Flag
Top Product $4.96kBicycles, delivery tricycles, other cycles
2022
Flag → Flag
Exports $9.41kRnk 21 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Albania-Burkina Faso Trade: In 2022, Albania exported $21.1k to Burkina Faso. The main products that Albania exported to Burkina Faso were Bicycles, delivery tricycles, other cycles ($4.96k), Delivery Trucks ($4.76k), and Zippers ($3.04k). Over the past 5 years the exports of Albania to Burkina Faso have decreased at an annualized rate of 12.2%, from $40.3k in 2017 to $21.1k in 2022.

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

Burkina Faso-Albania Trade: In 2022, Burkina Faso exported $9.41k to Albania. The main products that Burkina Faso exported to Albania were N/A. Over the past 5 years the exports of Burkina Faso to Albania have decreased at an annualized rate of 1.51%,  from $10.5k in 2017 to $9.41k in 2022.

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

Comparison: In 2022,  Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Albania exported $21.1k to Burkina Faso. The main products exported from Albania to Burkina Faso were Bicycles, delivery tricycles, other cycles ($4.96k), Delivery Trucks ($4.76k), and Zippers ($3.04k). During the last 5 years the exports of Albania to Burkina Faso have decreased at an annualized rate of 12.2%, from $40.3k in 2017 to $21.1k in 2022.

In 2007, Burkina Faso exported $9.41k to Albania. There were not main exports from Burkina Faso to Albania in 2007. During the last 5 years the exports of Burkina Faso to Albania have decreased at an annualized rate of 1.51%, from $10.5k in 2012 to $9.41k in 2007.

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

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

Market Competitiveness

Color
Albania
Top DestinationItaly$1.75B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Albania than Burkina Faso included Italy ($1.75B), Greece ($421M), and Spain ($309M).

In 2022, countries that imported more from Burkina Faso than Albania included Switzerland ($6.08B), United Arab Emirates ($538M), and Mali ($304M).

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

Comparative Advantage Albania - Burkina Faso

Flow
Scale

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

During 2022, Albania had a large net trade with Burkina Faso in the exports of Transportation ($10.9k), Miscellaneous ($3.04k), and Foodstuffs ($2.71k).

During 2007, Burkina Faso had a large net trade with Albania in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Albania Burkina Faso+$9.44kDelivery Trucks
Top Product Potential Burkina Faso Albania+$1.95kRefined Petroleum

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

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

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