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2022
Flag → Flag
Exports $5.31MRnk 29 / 131
2022
Flag → Flag
Top Product $3.55MTropical Fruits
2022
Flag → Flag
Exports $72.6MRnk 118 / 218
2022
Flag → Flag
Top Product $10.5MPlanes, Helicopters, and/or Spacecraft
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Burkina Faso-Spain Trade: In 2022, Burkina Faso exported $5.31M to Spain. The main products that Burkina Faso exported to Spain were Tropical Fruits ($3.55M), Aircraft Parts ($477k), and Cassava ($471k). Over the past 5 years the exports of Burkina Faso to Spain have decreased at an annualized rate of 36.7%, from $52.1M in 2017 to $5.31M in 2022.

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

Spain-Burkina Faso Trade: In 2022, Spain exported $72.6M to Burkina Faso. The main products that Spain exported to Burkina Faso were Planes, Helicopters, and/or Spacecraft ($10.5M), Soups and Broths ($8.08M), and Flavored Water ($4.28M). Over the past 5 years the exports of Spain to Burkina Faso have decreased at an annualized rate of 2.32%,  from $83.6M in 2017 to $72.6M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $5.31M to Spain. The main products exported from Burkina Faso to Spain were Tropical Fruits ($3.55M), Aircraft Parts ($477k), and Cassava ($471k). During the last 5 years the exports of Burkina Faso to Spain have decreased at an annualized rate of 36.7%, from $52.1M in 2017 to $5.31M in 2022.

In 2017, Spain exported $72.6M to Burkina Faso. The main products exported from Spain to Burkina Faso were Planes, Helicopters, and/or Spacecraft ($10.5M), Soups and Broths ($8.08M), and Flavored Water ($4.28M). During the last 5 years the exports of Spain to Burkina Faso have decreased at an annualized rate of 2.32%, from $83.6M in 2022 to $72.6M in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Spain Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Burkina Faso than Spain included Mali ($304M), Rwanda ($36.4M), and Niger ($32.6M).

In 2022, countries that imported more from Spain than Burkina Faso included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Burkina Faso - Spain

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Spain in the exports of Vegetable Products ($4.24M), Transportation ($479k), and Textiles ($233k).

During 2017, Spain had a large net trade with Burkina Faso in the exports of Foodstuffs ($16.3M), Chemical Products ($12.8M), and Transportation ($12.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Spain+$1.86MTropical Fruits
Top Product Potential Spain Burkina Faso+$2.13MRefined 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 Spain. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Burkina Faso.

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

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