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Pricing

2022
Flag → Flag
Exports $299Rnk 123 / 131
2022
Flag → Flag
Top Product $299Baked Goods
2022
Flag → Flag
Exports $103kRnk 65 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 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$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Burkina Faso-Paraguay Trade: In 2022, Burkina Faso exported $299 to Paraguay. The main products that Burkina Faso exported to Paraguay were Baked Goods ($299). Over the past 8 years the exports of Burkina Faso to Paraguay have decreased at an annualized rate of 37.6%, from $13k in 2014 to $299 in 2022.

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

Paraguay-Burkina Faso Trade: In 2022, Paraguay exported $103k to Burkina Faso. The main products that Paraguay exported to Burkina Faso were N/A. Over the past 8 years the exports of Paraguay to Burkina Faso have decreased at an annualized rate of 32.7%,  from $752k in 2014 to $103k in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $299 to Paraguay. The main products exported from Burkina Faso to Paraguay were Baked Goods ($299). During the last 8 years the exports of Burkina Faso to Paraguay have decreased at an annualized rate of 37.6%, from $13k in 2014 to $299 in 2022.

In 2013, Paraguay exported $103k to Burkina Faso. There were not main exports from Paraguay to Burkina Faso in 2013. During the last 5 years the exports of Paraguay to Burkina Faso have decreased at an annualized rate of 32.7%, from $752k in 2018 to $103k in 2013.

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

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

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Paraguay
Top DestinationBrazil$3.67B

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

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

In 2022, countries that imported more from Paraguay than Burkina Faso included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Burkina Faso - Paraguay

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Paraguay in the exports of Foodstuffs ($299).

During 2013, Paraguay had a large net trade with Burkina Faso in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Paraguay+$2.77kRefined Petroleum
Top Product Potential Paraguay Burkina Faso+$2.8kElectricity

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

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

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