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Pricing

2022
Flag → Flag
Exports $164kRnk 58 / 113
2022
Flag → Flag
Top Product $94.4kPulley Systems
2022
Flag → Flag
Exports $1.42kRnk 112 / 131
2022
Flag → Flag
Top Product $1.42kTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 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 $4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Mongolia-Burkina Faso Trade: In 2022, Mongolia exported $164k to Burkina Faso. The main products that Mongolia exported to Burkina Faso were Pulley Systems ($94.4k), Low-voltage Protection Equipment ($32.4k), and Machinery Having Individual Functions ($13.8k). Over the past 8 years the exports of Mongolia to Burkina Faso have increased at an annualized rate of 5.69%, from $105k in 2014 to $164k in 2022.

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

Burkina Faso-Mongolia Trade: In 2022, Burkina Faso exported $1.42k to Mongolia. The main products that Burkina Faso exported to Mongolia were Tropical Fruits ($1.42k). Over the past 8 years the exports of Burkina Faso to Mongolia have decreased at an annualized rate of 4.84%,  from $2.58k in 2014 to $1.42k in 2022.

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

Comparison: In 2022,  Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). 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, Mongolia exported $164k to Burkina Faso. The main products exported from Mongolia to Burkina Faso were Pulley Systems ($94.4k), Low-voltage Protection Equipment ($32.4k), and Machinery Having Individual Functions ($13.8k). During the last 8 years the exports of Mongolia to Burkina Faso have increased at an annualized rate of 5.69%, from $105k in 2014 to $164k in 2022.

In 2017, Burkina Faso exported $1.42k to Mongolia. The main products exported from Burkina Faso to Mongolia were Tropical Fruits ($1.42k). During the last 5 years the exports of Burkina Faso to Mongolia have decreased at an annualized rate of 4.84%, from $2.58k in 2022 to $1.42k in 2017.

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

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

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Mongolia than Burkina Faso included China ($10.6B), South Korea ($259M), and Singapore ($346M).

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

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

Comparative Advantage Mongolia - Burkina Faso

Flow
Scale

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

During 2022, Mongolia had a large net trade with Burkina Faso in the exports of Machines ($142k), Transportation ($6.41k), and Metals ($6.22k).

During 2017, Burkina Faso had a large net trade with Mongolia in the exports of Vegetable Products ($1.42k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Burkina Faso+$7.98kMachinery Having Individual Functions
Top Product Potential Burkina Faso Mongolia+$4.03kTropical Fruits

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

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

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