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Pricing

2022
Flag → Flag
Exports $25.3kRnk 92 / 131
2022
Flag → Flag
Top Product $21.5kExcavation Machinery
2022
Flag → Flag
Exports $39.1kRnk 123 / 173
2022
Flag → Flag
Top Product $21.7kAir Pumps
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 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$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186

About

Burkina Faso-Namibia Trade: In 2022, Burkina Faso exported $25.3k to Namibia. The main products that Burkina Faso exported to Namibia were Excavation Machinery ($21.5k), Other Engines ($3.7k), and Gaskets ($8). Over the past 11 years the exports of Burkina Faso to Namibia have increased at an annualized rate of 8.15%, from $10.7k in 2011 to $25.3k in 2022.

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

Namibia-Burkina Faso Trade: In 2022, Namibia exported $39.1k to Burkina Faso. The main products that Namibia exported to Burkina Faso were Air Pumps ($21.7k), Excavation Machinery ($15.6k), and Liquid Pumps ($1.77k). Over the past 11 years the exports of Namibia to Burkina Faso have decreased at an annualized rate of 7.2%,  from $56.9k in 2011 to $39.1k in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $25.3k to Namibia. The main products exported from Burkina Faso to Namibia were Excavation Machinery ($21.5k), Other Engines ($3.7k), and Gaskets ($8). During the last 11 years the exports of Burkina Faso to Namibia have increased at an annualized rate of 8.15%, from $10.7k in 2011 to $25.3k in 2022.

In 2017, Namibia exported $39.1k to Burkina Faso. The main products exported from Namibia to Burkina Faso were Air Pumps ($21.7k), Excavation Machinery ($15.6k), and Liquid Pumps ($1.77k). During the last 5 years the exports of Namibia to Burkina Faso have decreased at an annualized rate of 7.2%, from $56.9k in 2022 to $39.1k in 2017.

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

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

Latest Data

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

Namibia Exports

Date

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Namibia
Top DestinationSouth Africa$1.75B

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

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

In 2022, countries that imported more from Namibia than Burkina Faso included South Africa ($1.75B), Botswana ($672M), and China ($628M).

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

Comparative Advantage Burkina Faso - Namibia

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Namibia in the exports of Machines ($25.3k).

During 2017, Namibia had a large net trade with Burkina Faso in the exports of Machines ($39.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Namibia+$33.4kExcavation Machinery
Top Product Potential Namibia Burkina Faso+$18.9kExcavation Machinery

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

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

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