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2022
Flag → Flag
Exports $30.1MRnk 118 / 215
2022
Flag → Flag
Top Product $6.12MCars
2022
Flag → Flag
Exports $56.7MRnk 9 / 131
2022
Flag → Flag
Top Product $54.1MZinc Ore
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Canada-Burkina Faso Trade: In 2022, Canada exported $30.1M to Burkina Faso. The main products that Canada exported to Burkina Faso were Cars ($6.12M), Detonating Fuses ($2.51M), and Stone Processing Machines ($2.12M). Over the past 5 years the exports of Canada to Burkina Faso have decreased at an annualized rate of 8.38%, from $46.6M in 2017 to $30.1M in 2022.

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

Burkina Faso-Canada Trade: In 2022, Burkina Faso exported $56.7M to Canada. The main products that Burkina Faso exported to Canada were Zinc Ore ($54.1M), Interchangeable Tool Parts ($996k), and Other Construction Vehicles ($340k). Over the past 5 years the exports of Burkina Faso to Canada have increased at an annualized rate of 121%,  from $1.07M in 2017 to $56.7M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$2.25M and imported C$86k from Burkina Faso, resulting in a positive trade balance of C$2.16M. Between August 2023 and August 2024 the exports of Canada have increased by C$1.06M (88.6%) from C$1.19M to C$2.25M, while imports increased by C$70.3k (450%) from C$15.6k to C$86k.

Trade In August 2024, the top exports of Canada to Burkina Faso were Rubberworking Machinery (C$1.5M), Cars (C$448k), Interchangeable Tool Parts (C$141k), Commodities not elsewhere specified (C$87.2k), and Excavation Machinery (C$59.5k). In August 2024 the top imports of Canada from Burkina Faso were Trunks and Cases (C$29.8k), Perfume Plants (C$17.7k), Other Processed Fruits and Nuts (C$7.8k), Other Cloth Articles (C$5.81k), and Other Mineral (C$8).

Origins In August 2024 the exports of Canada were mainly from Quebec (C$1.89M), Ontario (C$297k), Nova Scotia (C$33.2k), British Columbia (C$21.4k), and New Brunswick (C$5.75k), while imports destinations were mainly Ontario (C$49.3k) and Quebec (C$36.7k).

Growth In August 2024, the increase in Canada's year-by-year exports to Burkina Faso was explained primarily by an increase in product exports in Interchangeable Tool Parts (C$70.7k or 100%), Commodities not elsewhere specified (C$55.1k or 172%), and Centrifuges (C$1.1k or 19.6%). In August 2024, the increase in Canada's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in Trunks and Cases (C$18.4k or 162%), Perfume Plants (C$17.6k or 24.5k%), and Other Processed Fruits and Nuts (C$3.85k or 97.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$1.06M(88.6%)
IMPORT GROWTH (August 2023 - August 2024)C$70.3k(450%)
MAIN EXPORTER (August 2024)QuebecC$1.89M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Burkina Faso and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $30.1M to Burkina Faso. The main products exported from Canada to Burkina Faso were Cars ($6.12M), Detonating Fuses ($2.51M), and Stone Processing Machines ($2.12M). During the last 5 years the exports of Canada to Burkina Faso have decreased at an annualized rate of 8.38%, from $46.6M in 2017 to $30.1M in 2022.

In 2017, Burkina Faso exported $56.7M to Canada. The main products exported from Burkina Faso to Canada were Zinc Ore ($54.1M), Interchangeable Tool Parts ($996k), and Other Construction Vehicles ($340k). During the last 5 years the exports of Burkina Faso to Canada have increased at an annualized rate of 121%, from $1.07M in 2022 to $56.7M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Canada than Burkina Faso included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Burkina Faso than Canada included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

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

Comparative Advantage Canada - Burkina Faso

Flow
Scale

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

During 2022, Canada had a large net trade with Burkina Faso in the exports of Machines ($11.8M), Transportation ($8.18M), and Metals ($3.77M).

During 2017, Burkina Faso had a large net trade with Canada in the exports of Mineral Products ($54.1M), Metals ($1.01M), and Machines ($505k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Burkina Faso+$4.79MCars
Top Product Potential Burkina Faso Canada+$545kInterchangeable Tool Parts

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 Canada and Burkina Faso. This means that a dot/product with the flag of Canada 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 Canada.

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

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