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Pricing

2022
Flag → Flag
Exports $1.42kRnk 112 / 131
2022
Flag → Flag
Top Product $1.42kTropical Fruits
2022
Flag → Flag
Exports $164kRnk 58 / 113
2022
Flag → Flag
Top Product $94.4kPulley Systems
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 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$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Burkina Faso-Mongolia Trade: In 2022, Burkina Faso exported $1.42k to Mongolia. The main products that Burkina Faso exported to Mongolia were Tropical Fruits ($1.42k). Over the past 6 years the exports of Burkina Faso to Mongolia have decreased at an annualized rate of 19.4%, from $5.17k in 2016 to $1.42k in 2022.

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

Mongolia-Burkina Faso Trade: In 2022, Mongolia exported $164k to Burkina Faso. The main products that Mongolia exported to Burkina Faso were Pulley Systems ($94.4k), Low-voltage Protection Equipment ($32.4k), and Machinery Having Individual Functions ($13.8k). Over the past 6 years the exports of Mongolia to Burkina Faso have increased at an annualized rate of 6.38%,  from $106k in 2016 to $164k in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $1.42k to Mongolia. The main products exported from Burkina Faso to Mongolia were Tropical Fruits ($1.42k). During the last 6 years the exports of Burkina Faso to Mongolia have decreased at an annualized rate of 19.4%, from $5.17k in 2016 to $1.42k in 2022.

In 2017, Mongolia exported $164k to Burkina Faso. The main products exported from Mongolia to Burkina Faso were Pulley Systems ($94.4k), Low-voltage Protection Equipment ($32.4k), and Machinery Having Individual Functions ($13.8k). During the last 5 years the exports of Mongolia to Burkina Faso have increased at an annualized rate of 6.38%, from $106k in 2022 to $164k in 2017.

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

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

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Burkina Faso than Mongolia included Switzerland ($6.08B), United Arab Emirates ($538M), and Mali ($304M).

In 2022, countries that imported more from Mongolia than Burkina Faso included China ($10.6B), South Korea ($259M), and Singapore ($346M).

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

Comparative Advantage Burkina Faso - Mongolia

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Mongolia in the exports of Vegetable Products ($1.42k).

During 2017, Mongolia had a large net trade with Burkina Faso in the exports of Machines ($142k), Transportation ($6.41k), and Metals ($6.22k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Mongolia+$4.03kTropical Fruits
Top Product Potential Mongolia Burkina Faso+$7.98kMachinery Having Individual Functions

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

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

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