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2023
Flag → Flag
Exports $99.7MRnk 129 / 216
2023
Flag → Flag
Top Product $17.3MRefined Petroleum
2023
Flag → Flag
Exports $28.1MRnk 15 / 125
2023
Flag → Flag
Top Product $11.4MRaw Cotton
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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 $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Turkey-Burkina Faso Trade: In 2023, Turkey exported $99.7M to Burkina Faso. The main products that Turkey exported to Burkina Faso were Refined Petroleum ($17.3M), Insulated Wire ($8.78M), and Pasta ($5.01M). Over the past 5 years the exports of Turkey to Burkina Faso have increased at an annualized rate of 13.1%, from $53.9M in 2018 to $99.7M in 2023.

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

Burkina Faso-Turkey Trade: In 2023, Burkina Faso exported $28.1M to Turkey. The main products that Burkina Faso exported to Turkey were Raw Cotton ($11.4M), Planes, Helicopters, and/or Spacecraft ($4.93M), and Refined Petroleum ($4.79M). Over the past 5 years the exports of Burkina Faso to Turkey have increased at an annualized rate of 16.7%,  from $13M in 2018 to $28.1M in 2023.

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

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $99.7M to Burkina Faso. The main products exported from Turkey to Burkina Faso were Refined Petroleum ($17.3M), Insulated Wire ($8.78M), and Pasta ($5.01M). During the last 5 years the exports of Turkey to Burkina Faso have increased at an annualized rate of 13.1%, from $53.9M in 2018 to $99.7M in 2023.

In 2018, Burkina Faso exported $28.1M to Turkey. The main products exported from Burkina Faso to Turkey were Raw Cotton ($11.4M), Planes, Helicopters, and/or Spacecraft ($4.93M), and Refined Petroleum ($4.79M). During the last 5 years the exports of Burkina Faso to Turkey have increased at an annualized rate of 16.7%, from $13M in 2023 to $28.1M in 2018.

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

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

Latest Data

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

Turkey Exports

Burkina Faso Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Turkey than Burkina Faso included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

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

Comparative Advantage Turkey - Burkina Faso

Flow
Scale

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

During 2023, Turkey had a large net trade with Burkina Faso in the exports of Machines ($28.1M), Mineral Products ($21.6M), and Metals ($12.1M).

During 2018, Burkina Faso had a large net trade with Turkey in the exports of Textiles ($11.5M), Vegetable Products ($6.4M), and Transportation ($4.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Burkina Faso+$3.84MRefined Petroleum
Top Product Potential Burkina Faso Turkey+$16.6MRaw Cotton

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

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

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