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Pricing

2023
Flag → Flag
Exports $1.28MRnk 84 / 159
2023
Flag → Flag
Top Product $1.22MExplosive Ammunition
2023
Flag → Flag
Exports $3.85kRnk 104 / 125
2023
Flag → Flag
Top Product $1.56kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $8,639CURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Bosnia and Herzegovina-Burkina Faso Trade: In 2023, Bosnia and Herzegovina exported $1.28M to Burkina Faso. The main products that Bosnia and Herzegovina exported to Burkina Faso were Explosive Ammunition ($1.22M), Insulated Wire ($29k), and Raw Plastic Sheeting ($20.7k). Over the past 5 years the exports of Bosnia and Herzegovina to Burkina Faso have increased at an annualized rate of 69.3%, from $91.9k in 2018 to $1.28M in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Burkina Faso.

Burkina Faso-Bosnia and Herzegovina Trade: In 2023, Burkina Faso exported $3.85k to Bosnia and Herzegovina. The main products that Burkina Faso exported to Bosnia and Herzegovina were Hard Liquor ($1.56k), Coconuts, Brazil Nuts, and Cashews ($752), and Beauty Products ($489). Over the past 5 years the exports of Burkina Faso to Bosnia and Herzegovina have decreased at an annualized rate of 13.6%,  from $29.9k in 2018 to $3.85k in 2023.

In 2023, Burkina Faso did not export any services to Bosnia and Herzegovina.

Comparison: In 2023,  Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bosnia and Herzegovina exported $1.28M to Burkina Faso. The main products exported from Bosnia and Herzegovina to Burkina Faso were Explosive Ammunition ($1.22M), Insulated Wire ($29k), and Raw Plastic Sheeting ($20.7k). During the last 5 years the exports of Bosnia and Herzegovina to Burkina Faso have increased at an annualized rate of 69.3%, from $91.9k in 2018 to $1.28M in 2023.

In 2018, Burkina Faso exported $3.85k to Bosnia and Herzegovina. The main products exported from Burkina Faso to Bosnia and Herzegovina were Hard Liquor ($1.56k), Coconuts, Brazil Nuts, and Cashews ($752), and Beauty Products ($489). During the last 5 years the exports of Burkina Faso to Bosnia and Herzegovina have decreased at an annualized rate of 13.6%, from $29.9k in 2023 to $3.85k in 2018.

Exports from Bosnia and Herzegovina (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Bosnia and Herzegovina (Flag) (2023)

Latest Data

Trade between Bosnia and Herzegovina (Flag) and Burkina Faso (Flag)

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationGermany$1.48B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Bosnia and Herzegovina than Burkina Faso included Germany ($1.48B), Croatia ($1.39B), and Serbia ($1.18B).

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

Difference in imports from Burkina Faso (Flag) and Bosnia and Herzegovina (Flag) (2023)

Comparative Advantage Bosnia and Herzegovina - Burkina Faso

Flow
Scale

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

During 2023, Bosnia and Herzegovina had a large net trade with Burkina Faso in the exports of Weapons ($1.22M), Machines ($38.1k), and Plastics and Rubbers ($20.7k).

During 2018, Burkina Faso had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($1.81k), Vegetable Products ($1.2k), and Chemical Products ($489).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bosnia and Herzegovina Burkina Faso+$16.5kRaw Plastic Sheeting
Top Product Potential Burkina Faso Bosnia and Herzegovina+$20.8kTropical Fruits

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

Product Space of Bosnia and Herzegovina (Flag) and Burkina Faso (Flag) (2023)

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