Flag Ghana / Burkina Faso Flag

Exports FlagFlag  (2018): $248M, Rnk 12 / 151

Top Product FlagFlag (2018): $51.3M, Refined Petroleum

Exports FlagFlag (2018): $109M, Rnk 5 / 112

Top Product FlagFlag (2018): $46.6M, Coconuts, Brazil Nuts, and Cashews

Economic Complexity of Flag (2018): ECI -1.34, Rnk 125 / 137

Economic Complexity of Flag (2018): ECI -1.46, Rnk 129 / 137

Ghana-Burkina Faso: In 2018, Ghana exported $248M to Burkina Faso. The main products exported from Ghana to Burkina Faso were Refined Petroleum ($51.3M), Plastic Housewares ($40.7M), and Raw Plastic Sheeting ($17.4M). During the last 23 years the exports of Ghana to Burkina Faso have increased at an annualized rate of 18.1%, from $5.46M in 1995 to $248M in 2018.

Burkina Faso-Ghana: In 2018, Burkina Faso exported $109M to Ghana. The main products exported from Burkina Faso to Ghana were Coconuts, Brazil Nuts, and Cashews ($46.6M), Refined Petroleum ($31.5M), and Other Oily Seeds ($7.55M). During the last 23 years the exports of Burkina Faso to Ghana have increased at an annualized rate of 15.5%, from $3.95M in 1995 to $109M in 2018.

Comparison: In 2018, Ghana ranked 125 in the Economic Complexity Index (ECI -1.34), and 71 in total exports ($20.5B). That same year, Burkina Faso ranked 129 in the Economic Complexity Index (ECI -1.46), and 110 in total exports ($5.68B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Ghana exported $248M to Burkina Faso. The main products exported from Ghana to Burkina Faso were Refined Petroleum ($51.3M), Plastic Housewares ($40.7M), and Raw Plastic Sheeting ($17.4M). During the last 23 years the exports of Ghana to Burkina Faso have increased at an annualized rate of 18.1%, from $5.46M in 1995 to $248M in 2018.

In 2018, Burkina Faso exported $109M to Ghana. The main products exported from Burkina Faso to Ghana were Coconuts, Brazil Nuts, and Cashews ($46.6M), Refined Petroleum ($31.5M), and Other Oily Seeds ($7.55M). During the last 23 years the exports of Burkina Faso to Ghana have increased at an annualized rate of 15.5%, from $3.95M in 1995 to $109M in 2018.

Market Competitiveness

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Measure

Ghana
Top Destination
: India, $5.18B

Burkina Faso
Top Destination
: Switzerland, $3.21B

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 2018, countries that imported more from Ghana than Burkina Faso were India ($5.18B), China ($2.25B), and South Africa ($1.6B).

In 2018, countries that imported more from Burkina Faso than Ghana were Singapore ($253M), Cote d'Ivoire ($210M), and Egypt ($27.9M).

Comparative Advantage Ghana - Burkina Faso

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Depth

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

During 2018, Ghana had a large net trade with Burkina Faso in the exports of Plastics and Rubbers ($84M), Mineral Products ($75.3M), and Metals ($21.2M).

During 2018, Burkina Faso had a large net trade with Ghana in the exports of Vegetable Products ($62M), Mineral Products ($31.5M), and Machines ($5.91M).

Trade Forecasts

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This section shows a forecast for total trade between Ghana and Burkina Faso. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Ghana has comparative advantage over Burkina Faso. Similarly, the more red a dot/product is, the more Burkina Faso has comparative advantage over Ghana.