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Pricing

2023
Flag → Flag
Exports $16.8kRnk 154 / 172
2023
Flag → Flag
Top Product $13.2kCars
2023
Flag → Flag
Exports $45Rnk 24 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 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 $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Costa Rica-Burkina Faso Trade: In 2023, Costa Rica exported $16.8k to Burkina Faso. The main products that Costa Rica exported to Burkina Faso were Cars ($13.2k), Delivery Trucks ($2.39k), and Excavation Machinery ($1.01k). Over the past 5 years the exports of Costa Rica to Burkina Faso have decreased at an annualized rate of 56%, from $1.03M in 2018 to $16.8k in 2023.

In 2023, Costa Rica did not export any services to Burkina Faso.

Burkina Faso-Costa Rica In N/A, Burkina Faso did not export any products to Costa Rica.

In 2023, Burkina Faso did not export any services to Costa Rica.

Comparison: In 2023,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). 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, Costa Rica exported $16.8k to Burkina Faso. The main products exported from Costa Rica to Burkina Faso were Cars ($13.2k), Delivery Trucks ($2.39k), and Excavation Machinery ($1.01k). During the last 5 years the exports of Costa Rica to Burkina Faso have decreased at an annualized rate of 56%, from $1.03M in 2018 to $16.8k in 2023.

Burkina Faso does not register exports to Costa Rica.

Exports from Costa Rica (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and Burkina Faso (Flag)

Costa Rica Exports

Date

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Costa Rica than Burkina Faso included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

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

Difference in imports from Burkina Faso (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Burkina Faso

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Burkina Faso in the exports of Transportation ($15.6k) and Machines ($1.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Burkina Faso+$45.6kRubber Tires
Top Product Potential Burkina Faso Costa Rica+$3.89kMetalworking Machine 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 Costa Rica and Burkina Faso. This means that a dot/product with the flag of Costa Rica 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 Costa Rica.

Product Space of Costa Rica (Flag) and Burkina Faso (Flag) (2023)

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