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Pricing

2022
Flag → Flag
Exports $72.6MRnk 118 / 218
2022
Flag → Flag
Top Product $10.5MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $5.31MRnk 29 / 131
2022
Flag → Flag
Top Product $3.55MTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Spain-Burkina Faso Trade: In 2022, Spain exported $72.6M to Burkina Faso. The main products that Spain exported to Burkina Faso were Planes, Helicopters, and/or Spacecraft ($10.5M), Soups and Broths ($8.08M), and Flavored Water ($4.28M). Over the past 5 years the exports of Spain to Burkina Faso have decreased at an annualized rate of 2.78%, from $83.6M in 2017 to $72.6M in 2022.

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

Burkina Faso-Spain Trade: In 2022, Burkina Faso exported $5.31M to Spain. The main products that Burkina Faso exported to Spain were Tropical Fruits ($3.55M), Aircraft Parts ($477k), and Cassava ($471k). Over the past 5 years the exports of Burkina Faso to Spain have decreased at an annualized rate of 36.7%,  from $52.1M in 2017 to $5.31M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €2.47M and imported €571k from Burkina Faso, resulting in a positive trade balance of €1.9M. Between August 2023 and August 2024 the exports of Spain have decreased by €-1.7M (-40.7%) from €4.17M to €2.47M, while imports increased by €122k (27.3%) from €448k to €571k.

Trade In August 2024, the top exports of Spain to Burkina Faso were Soups and Broths (€861k), Large Iron Containers (€565k), Glass Bottles (€399k), Flavored Water (€344k), and Commodities not elsewhere specified (€93.7k). In August 2024 the top imports of Spain from Burkina Faso were Heavy Pure Woven Cotton (€8.08k), Collector's Items (€469), Tropical Fruits (€333), Antifreeze (€121), and Commodities not elsewhere specified (€13.4).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€742k), Vizcaya (€488k), Valencia (€329k), Cáceres (€138k), and Murcia (€120k), while imports destinations were mainly Valencia (€527k), Madrid (€30.1k), Tarragona (€7.02k), Barcelona (€2.3k), and Alicante (€1.21k).

Growth In August 2024, the decrease in Spain's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in Paper Containers (€-205k or -82.9%), Nitrogen Heterocyclic Compounds (€-205k or -87.8%), and Unglazed Ceramics (€-87k or -76.5%). In August 2024, the increase in Spain's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-1.7M(-40.7%)
IMPORT GROWTH (August 2023 - August 2024)€122k(27.3%)
MAIN EXPORTER (August 2024)Barcelona€742k

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

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

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $72.6M to Burkina Faso. The main products exported from Spain to Burkina Faso were Planes, Helicopters, and/or Spacecraft ($10.5M), Soups and Broths ($8.08M), and Flavored Water ($4.28M). During the last 5 years the exports of Spain to Burkina Faso have decreased at an annualized rate of 2.78%, from $83.6M in 2017 to $72.6M in 2022.

In 2017, Burkina Faso exported $5.31M to Spain. The main products exported from Burkina Faso to Spain were Tropical Fruits ($3.55M), Aircraft Parts ($477k), and Cassava ($471k). During the last 5 years the exports of Burkina Faso to Spain have decreased at an annualized rate of 36.7%, from $52.1M in 2022 to $5.31M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Spain than Burkina Faso included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Burkina Faso than Spain included Mali ($304M), Rwanda ($36.4M), and Niger ($32.6M).

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

Comparative Advantage Spain - Burkina Faso

Flow
Scale

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

During 2022, Spain had a large net trade with Burkina Faso in the exports of Foodstuffs ($16.3M), Chemical Products ($12.8M), and Transportation ($12.3M).

During 2017, Burkina Faso had a large net trade with Spain in the exports of Vegetable Products ($4.24M), Transportation ($479k), and Textiles ($233k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Burkina Faso+$2.13MRefined Petroleum
Top Product Potential Burkina Faso Spain+$1.86MTropical 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 Spain and Burkina Faso. This means that a dot/product with the flag of Spain 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 Spain.

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

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