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2023
Flag → Flag
Exports $574MRnk 10 / 172
2023
Flag → Flag
Top Product $127MRefined Petroleum
2023
Flag → Flag
Exports $93.8MRnk 8 / 125
2023
Flag → Flag
Top Product $35MOther Oily Seeds
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 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 $2,260CURRENT US$
Rnk 152 / 195
2013-2023
Flag
GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Ghana-Burkina Faso Trade: In 2023, Ghana exported $574M to Burkina Faso. The main products that Ghana exported to Burkina Faso were Refined Petroleum ($127M), Electricity ($74.3M), and Plastic Housewares ($37.8M). Over the past 5 years the exports of Ghana to Burkina Faso have increased at an annualized rate of 16.7%, from $265M in 2018 to $574M in 2023.

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

Burkina Faso-Ghana Trade: In 2023, Burkina Faso exported $93.8M to Ghana. The main products that Burkina Faso exported to Ghana were Other Oily Seeds ($35M), Tropical Fruits ($14.6M), and Large Construction Vehicles ($9.29M). Over the past 5 years the exports of Burkina Faso to Ghana have increased at an annualized rate of 1.92%,  from $83.7M in 2018 to $93.8M in 2023.

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

Comparison: In 2023,  Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B). 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, Ghana exported $574M to Burkina Faso. The main products exported from Ghana to Burkina Faso were Refined Petroleum ($127M), Electricity ($74.3M), and Plastic Housewares ($37.8M). During the last 5 years the exports of Ghana to Burkina Faso have increased at an annualized rate of 16.7%, from $265M in 2018 to $574M in 2023.

In 2018, Burkina Faso exported $93.8M to Ghana. The main products exported from Burkina Faso to Ghana were Other Oily Seeds ($35M), Tropical Fruits ($14.6M), and Large Construction Vehicles ($9.29M). During the last 5 years the exports of Burkina Faso to Ghana have increased at an annualized rate of 1.92%, from $83.7M in 2023 to $93.8M in 2018.

Exports from Ghana (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Ghana (Flag) (2023)

Latest Data

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

Ghana Exports

Burkina Faso Exports

Market Competitiveness

Color
Ghana
Top DestinationSwitzerland$6.49B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Ghana than Burkina Faso included United Arab Emirates ($4.93B), India ($2.26B), and South Africa ($1.85B).

In 2023, countries that imported more from Burkina Faso than Ghana included Mali ($268M), Denmark ($37.1M), and Singapore ($65M).

Difference in imports from Burkina Faso (Flag) and Ghana (Flag) (2023)

Comparative Advantage Ghana - Burkina Faso

Flow
Scale

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

During 2023, Ghana had a large net trade with Burkina Faso in the exports of Mineral Products ($255M), Chemical Products ($85.6M), and Plastics and Rubbers ($82.2M).

During 2018, Burkina Faso had a large net trade with Ghana in the exports of Vegetable Products ($50.5M), Machines ($14.9M), and Chemical Products ($8.45M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana Burkina Faso+$127kMalt Extract
Top Product Potential Burkina Faso Ghana+$974kDelivery Trucks

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

Product Space of Ghana (Flag) and Burkina Faso (Flag) (2023)

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