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Pricing

2022
Flag → Flag
Exports $18.9MRnk 94 / 209
2022
Flag → Flag
Top Product $16.6MRefined Petroleum
2022
Flag → Flag
Exports $23.2kRnk 95 / 131
2022
Flag → Flag
Top Product $20.7kTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI 0.58Rnk 41 / 124
2022
Flag
Economic Complexity (ECI) ECI -1.88Rnk 121 / 124
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
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GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Norway-Burkina Faso In 2022, Norway exported $18.9M to Burkina Faso. The main products that Norway exported to Burkina Faso are Refined Petroleum ($16.6M), Nitrites and Nitrates ($916k), and Prepared Explosives ($361k). During the last 27 years the exports of Norway to Burkina Faso have increased at an annualized rate of 10.1%, from $1.41M in 1995 to $18.9M in 2022.

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

Burkina Faso-Norway In 2022, Burkina Faso exported $23.2k to Norway. The main products that Burkina Faso exported to Norway were Tropical Fruits ($20.7k), Grapes ($1.41k), and Citrus ($512). During the last 27 years the exports of Burkina Faso to Norway have increased at an annualized rate of 5.54%, from $5.41k in 1995 to $23.2k in 2022.

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

Comparison In 2022,  Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Burkina Faso ranked 121 in the Economic Complexity Index (ECI -1.88), and 110 in total exports ($8.2B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK70k and imported NOK80k from Burkina Faso, resulting in a negative trade balance of NOK10k. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-122k (-63.5%) from NOK192k to NOK70k, while imports increased by NOK78k (3.9k%) from NOK2k to NOK80k.

Trade In February 2024, the top exports of Norway to Burkina Faso were Machinery specialized for particular industries (NOK70k), Miscellaneous manufactured articles, n.e.s. (NOK20k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0). In February 2024 the top imports of Norway from Burkina Faso were Vegetables and fruit (NOK34k), Miscellaneous manufactured articles, n.e.s. (NOK12k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0).

Growth In February 2024, the decrease in Norway's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in General industrial machinery and equipment, n.e.s.,... (NOK-42k or -100%). In February 2024, the increase in Norway's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in Vegetables and fruit (NOK19k or 127%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)NOK-122k(-63.5%)
IMPORT GROWTH (February 2023 - February 2024)NOK78k(3.9k%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Burkina Faso and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $18.9M to Burkina Faso. The main products exported from Norway to Burkina Faso were Refined Petroleum ($16.6M), Nitrites and Nitrates ($916k), and Prepared Explosives ($361k). During the last 27 years the exports of Norway to Burkina Faso have increased at an annualized rate of 10.1%, from $1.41M in 1995 to $18.9M in 2022.

In 2022, Burkina Faso exported $23.2k to Norway. The main products exported from Burkina Faso to Norway were Tropical Fruits ($20.7k), Grapes ($1.41k), and Citrus ($512). During the last 27 years the exports of Burkina Faso to Norway have increased at an annualized rate of 5.54%, from $5.41k in 1995 to $23.2k in 2022.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2021, countries that imported more from Norway than Burkina Faso were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Burkina Faso than Norway were Switzerland ($6.08B), Mali ($304M), and United Arab Emirates ($538M).

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

Comparative Advantage Norway - Burkina Faso

Flow
Scale

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

During 2022, Norway had a large net trade with Burkina Faso in the exports of Mineral Products ($16.6M), Chemical Products ($1.38M), and Paper Goods ($280k).

During 2022, Burkina Faso had a large net trade with Norway in the exports of Vegetable Products ($22.8k), Machines ($291), and Animal Hides ($141).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Burkina Faso. Similarly, the more yellow a dot/product is, the more Burkina Faso has comparative advantage over Norway.

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

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