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Pricing

2022
Flag → Flag
Exports $30.1kRnk 59 / 86
2022
Flag → Flag
Top Product $28.5kMedical Instruments
2022
Flag → Flag
Exports $4.26MRnk 34 / 131
2022
Flag → Flag
Top Product $1.65MStone Processing Machines
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Liberia-Burkina Faso Trade: In 2022, Liberia exported $30.1k to Burkina Faso. The main products that Liberia exported to Burkina Faso were Medical Instruments ($28.5k) and Mattresses ($1.61k). Over the past 7 years the exports of Liberia to Burkina Faso have increased at an annualized rate of 17.4%, from $9.83k in 2015 to $30.1k in 2022.

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

Burkina Faso-Liberia Trade: In 2022, Burkina Faso exported $4.26M to Liberia. The main products that Burkina Faso exported to Liberia were Stone Processing Machines ($1.65M), Electric Generating Sets ($1.35M), and Electrical Ignitions ($435k). Over the past 7 years the exports of Burkina Faso to Liberia have increased at an annualized rate of 190%,  from $20.8k in 2015 to $4.26M in 2022.

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

Comparison: In 2022,  Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Liberia exported $30.1k to Burkina Faso. The main products exported from Liberia to Burkina Faso were Medical Instruments ($28.5k) and Mattresses ($1.61k). During the last 7 years the exports of Liberia to Burkina Faso have increased at an annualized rate of 17.4%, from $9.83k in 2015 to $30.1k in 2022.

In 2017, Burkina Faso exported $4.26M to Liberia. The main products exported from Burkina Faso to Liberia were Stone Processing Machines ($1.65M), Electric Generating Sets ($1.35M), and Electrical Ignitions ($435k). During the last 5 years the exports of Burkina Faso to Liberia have increased at an annualized rate of 190%, from $20.8k in 2022 to $4.26M in 2017.

Exports from Liberia (Flag) to Burkina Faso (Flag) (2022)

Exports from Burkina Faso (Flag) to Liberia (Flag) (2022)

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$544M
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Liberia than Burkina Faso included United Kingdom ($148M), Poland ($124M), and France ($158M).

In 2022, countries that imported more from Burkina Faso than Liberia included Switzerland ($6.08B), United Arab Emirates ($538M), and Mali ($304M).

Difference in imports from Burkina Faso (Flag) and Liberia (Flag) (2022)

Comparative Advantage Liberia - Burkina Faso

Flow
Scale

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

During 2022, Liberia had a large net trade with Burkina Faso in the exports of Instruments ($28.5k) and Miscellaneous ($1.61k).

During 2017, Burkina Faso had a large net trade with Liberia in the exports of Machines ($3.81M), Vegetable Products ($148k), and Metals ($98.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Burkina Faso+$3.75kMedical Instruments
Top Product Potential Burkina Faso Liberia+$26.5kExcavation Machinery

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

Product Space of Liberia (Flag) and Burkina Faso (Flag) (2022)

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