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Pricing

2022
Flag → Flag
Exports $107kRnk 119 / 157
2022
Flag → Flag
Top Product $37.7kNon-Knit Men's Shirts
2022
Flag → Flag
Exports $73kRnk 83 / 131
2022
Flag → Flag
Top Product $39.5kCars
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 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 $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Madagascar-Burkina Faso Trade: In 2022, Madagascar exported $107k to Burkina Faso. The main products that Madagascar exported to Burkina Faso were Non-Knit Men's Shirts ($37.7k), Delivery Trucks ($20.3k), and Basketwork ($12.5k). Over the past 5 years the exports of Madagascar to Burkina Faso have decreased at an annualized rate of 17.1%, from $272k in 2017 to $107k in 2022.

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

Burkina Faso-Madagascar Trade: In 2022, Burkina Faso exported $73k to Madagascar. The main products that Burkina Faso exported to Madagascar were Cars ($39.5k), Refrigerators ($19.8k), and Beauty Products ($3.23k). Over the past 5 years the exports of Burkina Faso to Madagascar have decreased at an annualized rate of 9.7%,  from $122k in 2017 to $73k in 2022.

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

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). 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, Madagascar exported $107k to Burkina Faso. The main products exported from Madagascar to Burkina Faso were Non-Knit Men's Shirts ($37.7k), Delivery Trucks ($20.3k), and Basketwork ($12.5k). During the last 5 years the exports of Madagascar to Burkina Faso have decreased at an annualized rate of 17.1%, from $272k in 2017 to $107k in 2022.

In 2017, Burkina Faso exported $73k to Madagascar. The main products exported from Burkina Faso to Madagascar were Cars ($39.5k), Refrigerators ($19.8k), and Beauty Products ($3.23k). During the last 5 years the exports of Burkina Faso to Madagascar have decreased at an annualized rate of 9.7%, from $122k in 2022 to $73k in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Burkina Faso (Flag)

Madagascar Exports

Burkina Faso Exports

Date

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Madagascar than Burkina Faso included United States ($756M), France ($634M), and China ($538M).

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

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

Comparative Advantage Madagascar - Burkina Faso

Flow
Scale

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

During 2022, Madagascar had a large net trade with Burkina Faso in the exports of Textiles ($50.1k), Transportation ($20.3k), and Wood Products ($12.5k).

During 2017, Burkina Faso had a large net trade with Madagascar in the exports of Transportation ($39.5k), Machines ($20.4k), and Chemical Products ($3.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Burkina Faso+$32.7kNon-Knit Men's Shirts
Top Product Potential Burkina Faso Madagascar+$41.9kCars

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

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

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