Flag Singapore / Burkina Faso Flag

Exports FlagFlag  (2018): $4.76M, Rnk 149 / 213

Top Product FlagFlag (2018): $1.25M, Polyacetals

Exports FlagFlag (2018): $253M, Rnk 3 / 112

Top Product FlagFlag (2018): $150M, Raw Cotton

Economic Complexity of Flag (2018): ECI 1.71, Rnk 6 / 137

Economic Complexity of Flag (2018): ECI -1.46, Rnk 129 / 137

GDP Flag (2018): $364B, CURRENT US$
Rnk 33 / 196

GDP GROWTH Flag (2008-2018): 88.1%, CURRENT US$
Rnk 43 / 196

GDP Flag (2018): $14.1B, CURRENT US$
Rnk 128 / 196

GDP GROWTH Flag (2008-2018): 68.8%, CURRENT US$
Rnk 58 / 196

GDP PC Flag (2018): $64,582, CURRENT US$
Rnk 9 / 196

GDP PC GROWTH Flag (2008-2018): 61.4%, CURRENT US$
Rnk 37 / 196

GDP PC Flag (2018): $715, CURRENT US$
Rnk 183 / 196

GDP PC GROWTH Flag (2008-2018): 25.5%, CURRENT US$
Rnk 94 / 196

Singapore-Burkina Faso: In 2018, Singapore exported $4.76M to Burkina Faso. The main products exported from Singapore to Burkina Faso were Polyacetals ($1.25M), Telephones ($1.04M), and Palm Oil ($671k). During the last 23 years the exports of Singapore to Burkina Faso have increased at an annualized rate of 11.5%, from $392k in 1995 to $4.76M in 2018.

Burkina Faso-Singapore: In 2018, Burkina Faso exported $253M to Singapore. The main products exported from Burkina Faso to Singapore were Raw Cotton ($150M), Other Oily Seeds ($54.1M), and Coconuts, Brazil Nuts, and Cashews ($46.2M). During the last 21 years the exports of Burkina Faso to Singapore have increased at an annualized rate of 15.3%, from $9.59M in 1997 to $253M in 2018.

Comparison: In 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). That same year, Burkina Faso ranked 129 in the Economic Complexity Index (ECI -1.46), and 110 in total exports ($5.68B). In terms of GDP Per Capita, Singapore was ranked 9 with a GDP Per Capita of $64,582, and Burkina Faso was ranked 183 with a GDP Per Capita of $715.

Bilateral Trade by Products

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Depth
Value

In 2018, Singapore exported $4.76M to Burkina Faso. The main products exported from Singapore to Burkina Faso were Polyacetals ($1.25M), Telephones ($1.04M), and Palm Oil ($671k). During the last 23 years the exports of Singapore to Burkina Faso have increased at an annualized rate of 11.5%, from $392k in 1995 to $4.76M in 2018.

In 2018, Burkina Faso exported $253M to Singapore. The main products exported from Burkina Faso to Singapore were Raw Cotton ($150M), Other Oily Seeds ($54.1M), and Coconuts, Brazil Nuts, and Cashews ($46.2M). During the last 21 years the exports of Burkina Faso to Singapore have increased at an annualized rate of 15.3%, from $9.59M in 1997 to $253M in 2018.

Market Competitiveness

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Measure

Singapore
Top Destination
: China, $44.3B

Burkina Faso
Top Destination
: Switzerland, $3.21B

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

In 2018, countries that imported more from Singapore than Burkina Faso were China ($44.3B), Hong Kong ($41.5B), and Malaysia ($32.3B).

In 2018, countries that imported more from Burkina Faso than Singapore were Switzerland ($3.21B), Cote d'Ivoire ($210M), and Niger ($18.3M).

Comparative Advantage Singapore - Burkina Faso

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Depth

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

During 2018, Singapore had a large net trade with Burkina Faso in the exports of Machines ($2.1M), Plastics and Rubbers ($1.27M), and Animal and Vegetable Bi-Products ($671k).

During 2018, Burkina Faso had a large net trade with Singapore in the exports of Textiles ($150M), Vegetable Products ($100M), and Plastics and Rubbers ($1.36M).

Trade Forecasts

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This section shows a forecast for total trade between Singapore and Burkina Faso. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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