Flag South Korea / Burkina Faso Flag

Exports FlagFlag  (2018): $158M, Rnk 98 / 210

Top Product FlagFlag (2018): $122M, Refined Petroleum

Exports FlagFlag (2018): $401k, Rnk 46 / 112

Top Product FlagFlag (2018): $387k, Other Pure Vegetable Oils

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

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

South Korea-Burkina Faso: In 2018, South Korea exported $158M to Burkina Faso. The main products exported from South Korea to Burkina Faso were Refined Petroleum ($122M), Cyanides ($20.8M), and Laboratory Reagents ($4.25M). During the last 23 years the exports of South Korea to Burkina Faso have increased at an annualized rate of 20.4%, from $2.23M in 1995 to $158M in 2018.

Burkina Faso-South Korea: In 2018, Burkina Faso exported $401k to South Korea. The main products exported from Burkina Faso to South Korea were Other Pure Vegetable Oils ($387k), Perfume Plants ($6.33k), and Other Non-Knit Clothing Accessories ($3.77k). During the last 23 years the exports of Burkina Faso to South Korea have decreased at an annualized rate of 6.05%, from $1.68M in 1995 to $401k in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). 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, South Korea exported $158M to Burkina Faso. The main products exported from South Korea to Burkina Faso were Refined Petroleum ($122M), Cyanides ($20.8M), and Laboratory Reagents ($4.25M). During the last 23 years the exports of South Korea to Burkina Faso have increased at an annualized rate of 20.4%, from $2.23M in 1995 to $158M in 2018.

In 2018, Burkina Faso exported $401k to South Korea. The main products exported from Burkina Faso to South Korea were Other Pure Vegetable Oils ($387k), Perfume Plants ($6.33k), and Other Non-Knit Clothing Accessories ($3.77k). During the last 23 years the exports of Burkina Faso to South Korea have decreased at an annualized rate of 6.05%, from $1.68M in 1995 to $401k in 2018.

Date

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Burkina Faso
Top Destination
: Switzerland, $3.21B

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

In 2018, countries that imported more from South Korea than Burkina Faso were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, countries that imported more from Burkina Faso than South Korea were Switzerland ($3.21B) and Niger ($18.3M).

Comparative Advantage South Korea - Burkina Faso

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Depth

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

During 2018, South Korea had a large net trade with Burkina Faso in the exports of Mineral Products ($122M), Chemical Products ($26.1M), and Machines ($6.58M).

During 2018, Burkina Faso had a large net trade with South Korea in the exports of Animal and Vegetable Bi-Products ($387k), Vegetable Products ($7.47k), and Textiles ($5.18k).

Trade Forecasts

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This section shows a forecast for total trade between South Korea 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 South Korea has comparative advantage over Burkina Faso. Similarly, the more red a dot/product is, the more Burkina Faso has comparative advantage over South Korea.