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2022
Flag → Flag
Exports $16MRnk 105 / 207
2022
Flag → Flag
Top Product $4.96MOther Construction Vehicles
2022
Flag → Flag
Exports $255kRnk 67 / 131
2022
Flag → Flag
Top Product $205kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 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 $50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Finland-Burkina Faso Trade: In 2022, Finland exported $16M to Burkina Faso. The main products that Finland exported to Burkina Faso were Other Construction Vehicles ($4.96M), Special Pharmaceuticals ($2.3M), and Stone Processing Machines ($1.17M). Over the past 5 years the exports of Finland to Burkina Faso have decreased at an annualized rate of 2.18%, from $17.8M in 2017 to $16M in 2022.

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

Burkina Faso-Finland Trade: In 2022, Burkina Faso exported $255k to Finland. The main products that Burkina Faso exported to Finland were Coconuts, Brazil Nuts, and Cashews ($205k), Frozen Fruits and Nuts ($43.5k), and Tropical Fruits ($3.07k). Over the past 5 years the exports of Burkina Faso to Finland have decreased at an annualized rate of 2.56%,  from $290k in 2017 to $255k in 2022.

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

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $16M to Burkina Faso. The main products exported from Finland to Burkina Faso were Other Construction Vehicles ($4.96M), Special Pharmaceuticals ($2.3M), and Stone Processing Machines ($1.17M). During the last 5 years the exports of Finland to Burkina Faso have decreased at an annualized rate of 2.18%, from $17.8M in 2017 to $16M in 2022.

In 2017, Burkina Faso exported $255k to Finland. The main products exported from Burkina Faso to Finland were Coconuts, Brazil Nuts, and Cashews ($205k), Frozen Fruits and Nuts ($43.5k), and Tropical Fruits ($3.07k). During the last 5 years the exports of Burkina Faso to Finland have decreased at an annualized rate of 2.56%, from $290k in 2022 to $255k in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Burkina Faso (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top DestinationGermany$9.99B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Finland than Burkina Faso included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

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

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

Comparative Advantage Finland - Burkina Faso

Flow
Scale

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

During 2022, Finland had a large net trade with Burkina Faso in the exports of Machines ($10.6M), Chemical Products ($2.31M), and Metals ($1.51M).

During 2017, Burkina Faso had a large net trade with Finland in the exports of Vegetable Products ($253k), Wood Products ($1.03k), and Instruments ($739).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Burkina Faso+$650kTelephones
Top Product Potential Burkina Faso Finland+$224kCoconuts, Brazil Nuts, and Cashews

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

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

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