Burkina Faso (BFA) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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In N/A, Burkina Faso did not export any services to North Macedonia.

North Macedonia-Burkina Faso Trade: In N/A, North Macedonia exported $9.41k to Burkina Faso. The main products that North Macedonia exported to Burkina Faso were Insulated Wire ($6.96k), Iron Springs ($2.16k), and Broadcasting Accessories ($296). Over the past N/A years the exports of North Macedonia to Burkina Faso have decreased at an annualized rate of 19.6%, from $28.1k in N/A to $9.41k in N/A.

In N/A, North Macedonia 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, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Burkina Faso does not register exports to North Macedonia. The main products exported from Burkina Faso to North Macedonia were Other Oily Seeds ($5.78k), Tropical Fruits ($1.83k), and Other Edible Preparations ($427).

In 2018, North Macedonia exported $9.41k to Burkina Faso. The main products exported from North Macedonia to Burkina Faso were Insulated Wire ($6.96k), Iron Springs ($2.16k), and Broadcasting Accessories ($296). During the last 5 years the exports of North Macedonia to Burkina Faso have decreased at an annualized rate of 19.6%, from $28.1k in 2023 to $9.41k in 2018.

Exports from Burkina Faso () to North Macedonia () (2023)

Exports from North Macedonia () to Burkina Faso () (2023)

Latest Data

Trade between Burkina Faso () and North Macedonia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6B

North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Burkina Faso than North Macedonia included Switzerland ($6B), United Arab Emirates ($815M), and Mali ($268M).

In 2023, countries that imported more from North Macedonia than Burkina Faso included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, North Macedonia had a large net trade with Burkina Faso in the exports of Machines ($7.25k) and Metals ($2.16k).

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 North Macedonia+$4.62kTropical Fruits

Top Product Potential North Macedonia Burkina Faso+$11.1kInsulated Wire

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

About

Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to North Macedonia () (2023)

Exports from North Macedonia () to Burkina Faso () (2023)

Latest Data

Trade between Burkina Faso () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and North Macedonia () (2023)

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