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Pricing

2022
Flag → Flag
Exports $18.7kRnk 97 / 131
2022
Flag → Flag
Top Product $16.6kMetalworking Machine Parts
2022
Flag → Flag
Exports $122kRnk 138 / 178
2022
Flag → Flag
Top Product $105kPaper Labels
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Burkina Faso-Costa Rica Trade: In 2022, Burkina Faso exported $18.7k to Costa Rica. The main products that Burkina Faso exported to Costa Rica were Metalworking Machine Parts ($16.6k), Gas and Liquid Flow Measuring Instruments ($1.16k), and Brooms ($890). Over the past 7 years the exports of Burkina Faso to Costa Rica have increased at an annualized rate of 37.2%, from $2.04k in 2015 to $18.7k in 2022.

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

Costa Rica-Burkina Faso Trade: In 2022, Costa Rica exported $122k to Burkina Faso. The main products that Costa Rica exported to Burkina Faso were Paper Labels ($105k), Rubber Tires ($15.2k), and Low-voltage Protection Equipment ($942). Over the past 7 years the exports of Costa Rica to Burkina Faso have decreased at an annualized rate of 35.7%,  from $1.12M in 2015 to $122k in 2022.

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

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $18.7k to Costa Rica. The main products exported from Burkina Faso to Costa Rica were Metalworking Machine Parts ($16.6k), Gas and Liquid Flow Measuring Instruments ($1.16k), and Brooms ($890). During the last 7 years the exports of Burkina Faso to Costa Rica have increased at an annualized rate of 37.2%, from $2.04k in 2015 to $18.7k in 2022.

In 2017, Costa Rica exported $122k to Burkina Faso. The main products exported from Costa Rica to Burkina Faso were Paper Labels ($105k), Rubber Tires ($15.2k), and Low-voltage Protection Equipment ($942). During the last 5 years the exports of Costa Rica to Burkina Faso have decreased at an annualized rate of 35.7%, from $1.12M in 2022 to $122k in 2017.

Exports from Burkina Faso (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and Costa Rica (Flag)

Costa Rica Exports

Date

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Costa Rica
Top DestinationUnited States$6.83B

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

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

In 2022, countries that imported more from Costa Rica than Burkina Faso included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

Difference in imports from Costa Rica (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - Costa Rica

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Costa Rica in the exports of Machines ($16.6k), Instruments ($1.16k), and Miscellaneous ($890).

During 2017, Costa Rica had a large net trade with Burkina Faso in the exports of Paper Goods ($105k), Plastics and Rubbers ($15.9k), and Machines ($1.12k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Costa Rica+$3.89kMetalworking Machine Parts
Top Product Potential Costa Rica Burkina Faso+$45.6kRubber Tires

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

Product Space of Burkina Faso (Flag) and Costa Rica (Flag) (2022)

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