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Pricing

2023
Flag → Flag
Exports $1.08MRnk 76 / 130
2023
Flag → Flag
Top Product $975kRefined Petroleum
2023
Flag → Flag
Exports $5.27MRnk 87 / 125
2023
Flag → Flag
Top Product $22.2kRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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 $4,466CURRENT US$
Rnk 125 / 195
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Iran-Burkina Faso Trade: In 2023, Iran exported $1.08M to Burkina Faso. The main products that Iran exported to Burkina Faso were Refined Petroleum ($975k), Centrifuges ($22.4k), and Concentrated Milk ($19.4k). Over the past 5 years the exports of Iran to Burkina Faso have decreased at an annualized rate of 28.6%, from $5.8M in 2018 to $1.08M in 2023.

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

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

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

Comparison: In 2023,  Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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, Iran exported $1.08M to Burkina Faso. The main products exported from Iran to Burkina Faso were Refined Petroleum ($975k), Centrifuges ($22.4k), and Concentrated Milk ($19.4k). During the last 5 years the exports of Iran to Burkina Faso have decreased at an annualized rate of 28.6%, from $5.8M in 2018 to $1.08M in 2023.

Burkina Faso does not register exports to Iran. The main products exported from Burkina Faso to Iran were Refined Petroleum ($22.2k).

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

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

Market Competitiveness

Color
Iran
Top DestinationChina$4.59B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Iran than Burkina Faso included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

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

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

Comparative Advantage Iran - Burkina Faso

Flow
Scale

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

During 2023, Iran had a large net trade with Burkina Faso in the exports of Mineral Products ($975k), Chemical Products ($26.7k), and Machines ($23.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Burkina Faso+$950kRefined Petroleum
Top Product Potential Burkina Faso Iran+$3.66kSoybeans

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

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

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