Peru (PER) and Burkina Faso (BFA) Trade | The Observatory of Economic Complexity

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Peru-Burkina Faso Trade: In 2022, Peru exported $2.57M to Burkina Faso. The main products that Peru exported to Burkina Faso were Other Construction Vehicles ($1.34M), Non-fillet Frozen Fish ($1.09M), and Liquid Pumps ($66.5k). Over the past 6 years the exports of Peru to Burkina Faso have increased at an annualized rate of 31.4%, from $499k in 2016 to $2.57M in 2022.

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

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

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $2.57M to Burkina Faso. The main products exported from Peru to Burkina Faso were Other Construction Vehicles ($1.34M), Non-fillet Frozen Fish ($1.09M), and Liquid Pumps ($66.5k). During the last 6 years the exports of Peru to Burkina Faso have increased at an annualized rate of 31.4%, from $499k in 2016 to $2.57M in 2022.

Burkina Faso does not register exports to Peru. The main products exported from Burkina Faso to Peru were Other Furniture ($47.8k) and Ornamental Ceramics ($992).

Exports from Peru () to Burkina Faso () (2022)

Exports from Burkina Faso () to Peru () (2022)

Latest Data

Trade between Peru () and Burkina Faso ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Peru than Burkina Faso included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Burkina Faso than Peru included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

Difference in imports from Burkina Faso () and Peru () (2022)

Comparative Advantage Peru - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Burkina Faso in the exports of Machines ($1.48M), Animal Products ($1.09M), and Instruments ($370).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Burkina Faso+$231kNon-fillet Frozen Fish

Top Product Potential Burkina Faso Peru+$43.3kOther Furniture

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Burkina Faso () (2022)

Exports from Burkina Faso () to Peru () (2022)

Latest Data

Trade between Peru () and Burkina Faso ()

Peru Exports

Market Competitiveness

Difference in imports from Burkina Faso () and Peru () (2022)

Comparative Advantage Peru - Burkina Faso

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Burkina Faso () (2022)

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