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Pricing

2022
Flag → Flag
Exports $10.1MRnk 26 / 131
2022
Flag → Flag
Top Product $3.16MPrepared Explosives
2022
Flag → Flag
Exports $297kRnk 46 / 105
2022
Flag → Flag
Top Product $106kPlastic Housewares
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 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$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Burkina Faso-Guinea Trade: In 2022, Burkina Faso exported $10.1M to Guinea. The main products that Burkina Faso exported to Guinea were Prepared Explosives ($3.16M), Special purpose motor vehicles ($1.3M), and Excavation Machinery ($1.3M). Over the past 5 years the exports of Burkina Faso to Guinea have increased at an annualized rate of 4.13%, from $8.26M in 2017 to $10.1M in 2022.

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

Guinea-Burkina Faso Trade: In 2022, Guinea exported $297k to Burkina Faso. The main products that Guinea exported to Burkina Faso were Plastic Housewares ($106k), Refined Petroleum ($77.8k), and Other Plastic Products ($40.9k). Over the past 5 years the exports of Guinea to Burkina Faso have increased at an annualized rate of 10.2%,  from $183k in 2017 to $297k in 2022.

In 2022, Guinea 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, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $10.1M to Guinea. The main products exported from Burkina Faso to Guinea were Prepared Explosives ($3.16M), Special purpose motor vehicles ($1.3M), and Excavation Machinery ($1.3M). During the last 5 years the exports of Burkina Faso to Guinea have increased at an annualized rate of 4.13%, from $8.26M in 2017 to $10.1M in 2022.

In 2017, Guinea exported $297k to Burkina Faso. The main products exported from Guinea to Burkina Faso were Plastic Housewares ($106k), Refined Petroleum ($77.8k), and Other Plastic Products ($40.9k). During the last 5 years the exports of Guinea to Burkina Faso have increased at an annualized rate of 10.2%, from $183k in 2022 to $297k in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Burkina Faso than Guinea included Switzerland ($6.08B), Mali ($304M), and Singapore ($173M).

In 2022, countries that imported more from Guinea than Burkina Faso included China ($3.81B), India ($2.77B), and United Arab Emirates ($2.59B).

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

Comparative Advantage Burkina Faso - Guinea

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Guinea in the exports of Chemical Products ($3.38M), Machines ($3.13M), and Transportation ($2.02M).

During 2017, Guinea had a large net trade with Burkina Faso in the exports of Plastics and Rubbers ($146k), Mineral Products ($81.1k), and Foodstuffs ($36k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Guinea+$103kDelivery Trucks
Top Product Potential Guinea Burkina Faso+$133kRefined 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 Guinea. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Burkina Faso.

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

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