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2022
Flag → Flag
Exports $12Rnk 129 / 131
2022
Flag → Flag
Top Product $7Tea
2022
Flag → Flag
Exports $706kRnk 149 / 194
2022
Flag → Flag
Top Product $459kTea
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 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$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Burkina Faso-Sri Lanka Trade: In 2022, Burkina Faso exported $12 to Sri Lanka. The main products that Burkina Faso exported to Sri Lanka were Tea ($7) and Perfume Plants ($5). Over the past 9 years the exports of Burkina Faso to Sri Lanka have decreased at an annualized rate of 47.1%, from $3.7k in 2013 to $12 in 2022.

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

Sri Lanka-Burkina Faso Trade: In 2022, Sri Lanka exported $706k to Burkina Faso. The main products that Sri Lanka exported to Burkina Faso were Tea ($459k), Coffee ($122k), and Baked Goods ($36.9k). Over the past 9 years the exports of Sri Lanka to Burkina Faso have decreased at an annualized rate of 11.4%,  from $1.3M in 2013 to $706k in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $12 to Sri Lanka. The main products exported from Burkina Faso to Sri Lanka were Tea ($7) and Perfume Plants ($5). During the last 9 years the exports of Burkina Faso to Sri Lanka have decreased at an annualized rate of 47.1%, from $3.7k in 2013 to $12 in 2022.

In 2017, Sri Lanka exported $706k to Burkina Faso. The main products exported from Sri Lanka to Burkina Faso were Tea ($459k), Coffee ($122k), and Baked Goods ($36.9k). During the last 5 years the exports of Sri Lanka to Burkina Faso have decreased at an annualized rate of 11.4%, from $1.3M in 2022 to $706k in 2017.

Exports from Burkina Faso (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and Sri Lanka (Flag)

Sri Lanka Exports

Date

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Burkina Faso than Sri Lanka included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

In 2022, countries that imported more from Sri Lanka than Burkina Faso included United States ($3.52B), United Kingdom ($1.04B), and India ($1.12B).

Difference in imports from Sri Lanka (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - Sri Lanka

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Sri Lanka in the exports of Vegetable Products ($12).

During 2017, Sri Lanka had a large net trade with Burkina Faso in the exports of Vegetable Products ($582k), Foodstuffs ($60.3k), and Plastics and Rubbers ($35k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Sri Lanka+$4.93kGold
Top Product Potential Sri Lanka Burkina Faso+$102kTea

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

Product Space of Burkina Faso (Flag) and Sri Lanka (Flag) (2022)

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