Oman (OMN) and Burkina Faso (BFA) Trade | The Observatory of Economic Complexity

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Oman-Burkina Faso Trade: In 2023, Oman exported $295k to Burkina Faso. The main products that Oman exported to Burkina Faso were Packaged Medicaments ($221k), Other Iron Products ($58.1k), and Propylene Polymers ($14k). Over the past 5 years the exports of Oman to Burkina Faso have increased at an annualized rate of 16.8%, from $136k in 2018 to $295k in 2023.

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

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

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

Comparison: In 2023, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Oman exported $295k to Burkina Faso. The main products exported from Oman to Burkina Faso were Packaged Medicaments ($221k), Other Iron Products ($58.1k), and Propylene Polymers ($14k). During the last 5 years the exports of Oman to Burkina Faso have increased at an annualized rate of 16.8%, from $136k in 2018 to $295k in 2023.

Burkina Faso does not register exports to Oman.

Exports from Oman () to Burkina Faso () (2023)

Exports from Burkina Faso () to Oman () (2023)

Latest Data

Trade between Oman () and Burkina Faso ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Oman than Burkina Faso included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

In 2023, countries that imported more from Burkina Faso than Oman included Switzerland ($6B), Mali ($268M), and Cote d'Ivoire ($136M).

Difference in imports from Burkina Faso () and Oman () (2023)

Comparative Advantage Oman - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Burkina Faso in the exports of Chemical Products ($221k), Metals ($58.1k), and Plastics and Rubbers ($14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Burkina Faso+$162kPackaged Medicaments

Top Product Potential Burkina Faso Oman+$6.88kGold

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

Year

This visualization shows the product space at the HS4 level with the flags of Oman and Burkina Faso. This means that a dot/product with the flag of Oman 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 Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Burkina Faso () (2023)

Exports from Burkina Faso () to Oman () (2023)

Latest Data

Trade between Oman () and Burkina Faso ()

Oman Exports

Market Competitiveness

Difference in imports from Burkina Faso () and Oman () (2023)

Comparative Advantage Oman - Burkina Faso

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Burkina Faso () (2023)

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