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2023
Flag → Flag
Exports $12.3MRnk 123 / 213
2023
Flag → Flag
Top Product $4.97MMedical Instruments
2023
Flag → Flag
Exports $3.81MRnk 30 / 125
2023
Flag → Flag
Top Product $1.86MTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 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 $56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Austria-Burkina Faso Trade: In 2023, Austria exported $12.3M to Burkina Faso. The main products that Austria exported to Burkina Faso were Medical Instruments ($4.97M), Planes, Helicopters, and/or Spacecraft ($1.72M), and Flavored Water ($1.29M). Over the past 5 years the exports of Austria to Burkina Faso have increased at an annualized rate of 29.1%, from $3.43M in 2018 to $12.3M in 2023.

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

Burkina Faso-Austria Trade: In 2023, Burkina Faso exported $3.81M to Austria. The main products that Burkina Faso exported to Austria were Tropical Fruits ($1.86M), Coconuts, Brazil Nuts, and Cashews ($1.63M), and Other Processed Fruits and Nuts ($177k). Over the past 5 years the exports of Burkina Faso to Austria have increased at an annualized rate of 4.93%,  from $2.72M in 2018 to $3.81M in 2023.

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

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). 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
Value

In 2023, Austria exported $12.3M to Burkina Faso. The main products exported from Austria to Burkina Faso were Medical Instruments ($4.97M), Planes, Helicopters, and/or Spacecraft ($1.72M), and Flavored Water ($1.29M). During the last 5 years the exports of Austria to Burkina Faso have increased at an annualized rate of 29.1%, from $3.43M in 2018 to $12.3M in 2023.

In 2018, Burkina Faso exported $3.81M to Austria. The main products exported from Burkina Faso to Austria were Tropical Fruits ($1.86M), Coconuts, Brazil Nuts, and Cashews ($1.63M), and Other Processed Fruits and Nuts ($177k). During the last 5 years the exports of Burkina Faso to Austria have increased at an annualized rate of 4.93%, from $2.72M in 2023 to $3.81M in 2018.

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

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

Latest Data

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

Austria Exports

Burkina Faso Exports

Date

Market Competitiveness

Color
Austria
Top DestinationGermany$51B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Austria than Burkina Faso included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Burkina Faso than Austria included Togo ($114M), Uganda ($109M), and Cote d'Ivoire ($136M).

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

Comparative Advantage Austria - Burkina Faso

Flow
Scale

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

During 2023, Austria had a large net trade with Burkina Faso in the exports of Instruments ($5.16M), Transportation ($2.57M), and Foodstuffs ($1.92M).

During 2018, Burkina Faso had a large net trade with Austria in the exports of Vegetable Products ($3.54M), Foodstuffs ($192k), and Animal and Vegetable Bi-Products ($51.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Burkina Faso+$596kFlavored Water
Top Product Potential Burkina Faso Austria+$514kOther Oily Seeds

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

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

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