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Pricing

2022
Flag → Flag
Exports $2.84kRnk 62 / 79
2022
Flag → Flag
Top Product $2.84kStranded Iron Wire
2022
Flag → Flag
Exports $911MRnk 74 / 131
2022
Flag → Flag
Top Product $111kOther Nuts
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 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 $6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Libya-Burkina Faso Trade: In 2022, Libya exported $2.84k to Burkina Faso. The main products that Libya exported to Burkina Faso were Stranded Iron Wire ($2.84k). Over the past 6 years the exports of Libya to Burkina Faso have decreased at an annualized rate of 61.7%, from $899k in 2016 to $2.84k in 2022.

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

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

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

Comparison: In 2022,  Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). 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, Libya exported $2.84k to Burkina Faso. The main products exported from Libya to Burkina Faso were Stranded Iron Wire ($2.84k). During the last 6 years the exports of Libya to Burkina Faso have decreased at an annualized rate of 61.7%, from $899k in 2016 to $2.84k in 2022.

Burkina Faso does not register exports to Libya. The main products exported from Burkina Faso to Libya were Other Nuts ($111k) and Refined Petroleum ($8.55k).

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

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

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Libya than Burkina Faso included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

In 2022, countries that imported more from Burkina Faso than Libya included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

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

Comparative Advantage Libya - Burkina Faso

Flow
Scale

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

During 2022, Libya had a large net trade with Burkina Faso in the exports of Metals ($2.84k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Burkina Faso+$3.63kRefined Petroleum
Top Product Potential Burkina Faso Libya+$73kRefined Petroleum

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

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

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