Armenia (ARM) and Burkina Faso (BFA) Trade | The Observatory of Economic Complexity

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In N/A, Armenia did not export any services to Burkina Faso.

Burkina Faso-Armenia Trade: In N/A, Burkina Faso exported $108 to Armenia. The main products that Burkina Faso exported to Armenia were Electrical Resistors ($102) and Electrical Capacitors ($6). Over the past N/A years the exports of Burkina Faso to Armenia have decreased at an annualized rate of 29.3%, from $613 in N/A to $108 in N/A.

In N/A, Burkina Faso did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). 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

Armenia does not register exports to Burkina Faso. The main products exported from Armenia to Burkina Faso were Polycarboxylic Acids ($125).

In 2018, Burkina Faso exported $108 to Armenia. The main products exported from Burkina Faso to Armenia were Electrical Resistors ($102) and Electrical Capacitors ($6). During the last 5 years the exports of Burkina Faso to Armenia have decreased at an annualized rate of 29.3%, from $613 in 2023 to $108 in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Armenia than Burkina Faso included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Burkina Faso than Armenia included Switzerland ($6B), Mali ($268M), and India ($271M).

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

Comparative Advantage Armenia - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Burkina Faso had a large net trade with Armenia in the exports of Machines ($108).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Burkina Faso+$1.95kTelephones

Top Product Potential Burkina Faso Armenia+$4.28kGold

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

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Armenia - Burkina Faso

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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