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Pricing

2023
Flag → Flag
Exports $10.8MRnk 70 / 159
2023
Flag → Flag
Top Product $2.46MPaper Containers
2023
Flag → Flag
Exports $41.8kRnk 81 / 125
2023
Flag → Flag
Top Product $12.1kBathroom Ceramics
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Nigeria-Burkina Faso Trade: In 2023, Nigeria exported $10.8M to Burkina Faso. The main products that Nigeria exported to Burkina Faso were Paper Containers ($2.46M), Rolled Tobacco ($1.84M), and Float Glass ($1.38M). Over the past 5 years the exports of Nigeria to Burkina Faso have decreased at an annualized rate of 5.62%, from $14.4M in 2018 to $10.8M in 2023.

In 2023, Nigeria did not export any services to Burkina Faso.

Burkina Faso-Nigeria Trade: In 2023, Burkina Faso exported $41.8k to Nigeria. The main products that Burkina Faso exported to Nigeria were Bathroom Ceramics ($12.1k), Refined Petroleum ($11.6k), and Mattresses ($8.54k). Over the past 5 years the exports of Burkina Faso to Nigeria have decreased at an annualized rate of 20.3%,  from $130k in 2018 to $41.8k in 2023.

In 2023, Burkina Faso did not export any services to Nigeria.

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $10.8M to Burkina Faso. The main products exported from Nigeria to Burkina Faso were Paper Containers ($2.46M), Rolled Tobacco ($1.84M), and Float Glass ($1.38M). During the last 5 years the exports of Nigeria to Burkina Faso have decreased at an annualized rate of 5.62%, from $14.4M in 2018 to $10.8M in 2023.

In 2018, Burkina Faso exported $41.8k to Nigeria. The main products exported from Burkina Faso to Nigeria were Bathroom Ceramics ($12.1k), Refined Petroleum ($11.6k), and Mattresses ($8.54k). During the last 5 years the exports of Burkina Faso to Nigeria have decreased at an annualized rate of 20.3%, from $130k in 2023 to $41.8k in 2018.

Exports from Nigeria (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Nigeria (Flag) (2023)

Latest Data

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

Nigeria Exports

Burkina Faso Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Nigeria than Burkina Faso included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from Burkina Faso than Nigeria included Switzerland ($6B), Mali ($268M), and Uganda ($109M).

Difference in imports from Burkina Faso (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - Burkina Faso

Flow
Scale

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

During 2023, Nigeria had a large net trade with Burkina Faso in the exports of Foodstuffs ($2.65M), Paper Goods ($2.55M), and Stone And Glass ($1.8M).

During 2018, Burkina Faso had a large net trade with Nigeria in the exports of Stone And Glass ($12.1k), Mineral Products ($11.6k), and Miscellaneous ($9.86k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Burkina Faso+$7.74MPetroleum Gas
Top Product Potential Burkina Faso Nigeria+$782kRefined 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 Nigeria and Burkina Faso. This means that a dot/product with the flag of Nigeria 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 Nigeria.

Product Space of Nigeria (Flag) and Burkina Faso (Flag) (2023)

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