Burkina Faso (BFA) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Burkina Faso-Libya Trade: In 2023, Burkina Faso exported $297k to Libya. The main products that Burkina Faso exported to Libya were Other Heating Machinery ($297k). Over the past 5 years the exports of Burkina Faso to Libya have increased at an annualized rate of 152%, from $2.94k in 2018 to $297k in 2023.

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

Libya-Burkina Faso Trade: In 2023, Libya exported $55k to Burkina Faso. The main products that Libya exported to Burkina Faso were Mattresses ($14.6k), Other Furniture ($14.5k), and Aqueous Paints ($14.4k). Over the past 5 years the exports of Libya to Burkina Faso have decreased at an annualized rate of 53.1%, from $2.44M in 2018 to $55k in 2023.

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

Comparison: In 2023, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Burkina Faso exported $297k to Libya. The main products exported from Burkina Faso to Libya were Other Heating Machinery ($297k). During the last 5 years the exports of Burkina Faso to Libya have increased at an annualized rate of 152%, from $2.94k in 2018 to $297k in 2023.

In 2018, Libya exported $55k to Burkina Faso. The main products exported from Libya to Burkina Faso were Mattresses ($14.6k), Other Furniture ($14.5k), and Aqueous Paints ($14.4k). During the last 5 years the exports of Libya to Burkina Faso have decreased at an annualized rate of 53.1%, from $2.44M in 2023 to $55k in 2018.

Exports from Burkina Faso () to Libya () (2023)

Exports from Libya () to Burkina Faso () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6B

Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Burkina Faso than Libya included Switzerland ($6B), Mali ($268M), and Cote d'Ivoire ($136M).

In 2023, countries that imported more from Libya than Burkina Faso included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

Difference in imports from Libya () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Burkina Faso had a large net trade with Libya in the exports of Machines ($297k).

During 2018, Libya had a large net trade with Burkina Faso in the exports of Miscellaneous ($29k), Chemical Products ($14.4k), and Machines ($8.14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Burkina Faso Libya+$73kRefined Petroleum

Top Product Potential Libya Burkina Faso+$3.63kRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Burkina Faso and Libya. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Burkina Faso.

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Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to Libya () (2023)

Exports from Libya () to Burkina Faso () (2023)

Market Competitiveness

Difference in imports from Libya () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and Libya () (2023)

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