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Pricing

2022
Flag → Flag
Exports $102MRnk 114 / 220
2022
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Top Product $58.7MRefined Petroleum
2022
Flag → Flag
Exports $1.16MRnk 41 / 131
2022
Flag → Flag
Top Product $949kOther Oily Seeds
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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Economic Complexity (ECI) ECI -1.88Rnk 121 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
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GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
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GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

South Korea-Burkina Faso In 2022, South Korea exported $102M to Burkina Faso. The main products that South Korea exported to Burkina Faso are Refined Petroleum ($58.7M), Cyanides ($23.2M), and Other Plastic Products ($4.99M). During the last 27 years the exports of South Korea to Burkina Faso have increased at an annualized rate of 15.4%, from $2.12M in 1995 to $102M in 2022.

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

Burkina Faso-South Korea In 2022, Burkina Faso exported $1.16M to South Korea. The main products that Burkina Faso exported to South Korea were Other Oily Seeds ($949k), Other Pure Vegetable Oils ($146k), and Gold ($65.7k). During the last 27 years the exports of Burkina Faso to South Korea have decreased at an annualized rate of 1.66%, from $1.83M in 1995 to $1.16M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Burkina Faso ranked 121 in the Economic Complexity Index (ECI -1.88), and 110 in total exports ($8.2B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $2.87M and imported $694k from Burkina Faso, resulting in a positive trade balance of $2.17M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-204k (-6.64%) from $3.07M to $2.87M, while imports increased by $694k (N/A%) from $0 to $694k.

Trade In February 2024, the top exports of South Korea to Burkina Faso were Inorganic chemicals ($2.26M), Fish, crustaceans, & molluscs ($192k), Books, newspapers, & other prints ($141k), Chemical products n.e.s. ($108k), and Plastics & articles thereof ($92k). In February 2024 the top imports of South Korea from Burkina Faso were Fish, crustaceans, & molluscs ($0), Inorganic chemicals ($0), Perfumery & cosmetics ($0), Chemical products n.e.s. ($0), and Plastics & articles thereof ($0).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in Fish, crustaceans, & molluscs ($-731k or -79.2%), Cars, tractors, trucks & parts thereof. ($-22k or -44.9%), and Plastics & articles thereof ($-19k or -17.1%). In February 2024, the increase in South Korea's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$-204k(-6.64%)
IMPORT GROWTH (February 2023 - February 2024)$694k(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Burkina Faso and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $102M to Burkina Faso. The main products exported from South Korea to Burkina Faso were Refined Petroleum ($58.7M), Cyanides ($23.2M), and Other Plastic Products ($4.99M). During the last 27 years the exports of South Korea to Burkina Faso have increased at an annualized rate of 15.4%, from $2.12M in 1995 to $102M in 2022.

In 2022, Burkina Faso exported $1.16M to South Korea. The main products exported from Burkina Faso to South Korea were Other Oily Seeds ($949k), Other Pure Vegetable Oils ($146k), and Gold ($65.7k). During the last 27 years the exports of Burkina Faso to South Korea have decreased at an annualized rate of 1.66%, from $1.83M in 1995 to $1.16M in 2022.

Exports from South Korea (Flag) to Burkina Faso (Flag) (2022)

Exports from Burkina Faso (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Burkina Faso
Top DestinationSwitzerland$6.08B

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 2021, countries that imported more from South Korea than Burkina Faso were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Burkina Faso than South Korea were Switzerland ($6.08B), Mali ($304M), and Niger ($32.6M).

Difference in imports from Burkina Faso (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Burkina Faso

Flow
Scale

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

During 2022, South Korea had a large net trade with Burkina Faso in the exports of Mineral Products ($58.7M), Chemical Products ($28.8M), and Plastics and Rubbers ($6.85M).

During 2022, Burkina Faso had a large net trade with South Korea in the exports of Vegetable Products ($949k), Animal and Vegetable Bi-Products ($146k), and Precious Metals ($65.7k).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Burkina Faso (Flag) (2022)

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