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Pricing

2022
Flag → Flag
Exports $87Rnk 125 / 131
2022
Flag → Flag
Top Product $82Metal Mountings
2022
Flag → Flag
Exports $5.12kRnk 162 / 170
2022
Flag → Flag
Top Product $4.61kCars
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Burkina Faso-Ecuador Trade: In 2022, Burkina Faso exported $87 to Ecuador. The main products that Burkina Faso exported to Ecuador were Metal Mountings ($82) and Other Plastic Products ($5). Over the past 5 years the exports of Burkina Faso to Ecuador have decreased at an annualized rate of 41.1%, from $1.23k in 2017 to $87 in 2022.

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

Ecuador-Burkina Faso Trade: In 2022, Ecuador exported $5.12k to Burkina Faso. The main products that Ecuador exported to Burkina Faso were Cars ($4.61k) and Chemical Analysis Instruments ($509). Over the past 5 years the exports of Ecuador to Burkina Faso have decreased at an annualized rate of 21.5%,  from $17.2k in 2017 to $5.12k in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $87 to Ecuador. The main products exported from Burkina Faso to Ecuador were Metal Mountings ($82) and Other Plastic Products ($5). During the last 5 years the exports of Burkina Faso to Ecuador have decreased at an annualized rate of 41.1%, from $1.23k in 2017 to $87 in 2022.

In 2017, Ecuador exported $5.12k to Burkina Faso. The main products exported from Ecuador to Burkina Faso were Cars ($4.61k) and Chemical Analysis Instruments ($509). During the last 5 years the exports of Ecuador to Burkina Faso have decreased at an annualized rate of 21.5%, from $17.2k in 2022 to $5.12k in 2017.

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

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

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Burkina Faso included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Burkina Faso - Ecuador

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Ecuador in the exports of Metals ($82) and Plastics and Rubbers ($5).

During 2017, Ecuador had a large net trade with Burkina Faso in the exports of Transportation ($4.61k) and Instruments ($509).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Ecuador+$3.09kRefined Petroleum
Top Product Potential Ecuador Burkina Faso+$4.06kRefined 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 Burkina Faso and Ecuador. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Burkina Faso.

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

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