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Pricing

2022
Flag → Flag
Exports $4.13MRnk 146 / 217
2022
Flag → Flag
Top Product $908kFlavored Water
2022
Flag → Flag
Exports $519kRnk 54 / 131
2022
Flag → Flag
Top Product $436kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Austria-Burkina Faso Trade: In 2022, Austria exported $4.13M to Burkina Faso. The main products that Austria exported to Burkina Faso were Flavored Water ($908k), Confectionery Sugar ($425k), and Kaolin Coated Paper ($325k). Over the past 5 years the exports of Austria to Burkina Faso have decreased at an annualized rate of 6.34%, from $5.72M in 2017 to $4.13M in 2022.

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

Burkina Faso-Austria Trade: In 2022, Burkina Faso exported $519k to Austria. The main products that Burkina Faso exported to Austria were Other Oily Seeds ($436k), Combustion Engines ($33.9k), and Locust beans, seaweed, sugar beet, cane, for food ($29.1k). Over the past 5 years the exports of Burkina Faso to Austria have decreased at an annualized rate of 17.6%,  from $1.36M in 2017 to $519k in 2022.

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

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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
Value

In 2022, Austria exported $4.13M to Burkina Faso. The main products exported from Austria to Burkina Faso were Flavored Water ($908k), Confectionery Sugar ($425k), and Kaolin Coated Paper ($325k). During the last 5 years the exports of Austria to Burkina Faso have decreased at an annualized rate of 6.34%, from $5.72M in 2017 to $4.13M in 2022.

In 2017, Burkina Faso exported $519k to Austria. The main products exported from Burkina Faso to Austria were Other Oily Seeds ($436k), Combustion Engines ($33.9k), and Locust beans, seaweed, sugar beet, cane, for food ($29.1k). During the last 5 years the exports of Burkina Faso to Austria have decreased at an annualized rate of 17.6%, from $1.36M in 2022 to $519k in 2017.

Exports from Austria (Flag) to Burkina Faso (Flag) (2022)

Exports from Burkina Faso (Flag) to Austria (Flag) (2022)

Latest Data

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

Austria Exports

Burkina Faso Exports

Date

Market Competitiveness

Color
Austria
Top DestinationGermany$57.7B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Austria than Burkina Faso included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Burkina Faso than Austria included Mali ($304M), Cote d'Ivoire ($171M), and Rwanda ($36.4M).

Difference in imports from Burkina Faso (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - Burkina Faso

Flow
Scale

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

During 2022, Austria had a large net trade with Burkina Faso in the exports of Foodstuffs ($1.38M), Machines ($1.02M), and Paper Goods ($588k).

During 2017, Burkina Faso had a large net trade with Austria in the exports of Vegetable Products ($465k), Machines ($35.4k), and Mineral Products ($13.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Burkina Faso+$596kFlavored Water
Top Product Potential Burkina Faso Austria+$514kOther Oily Seeds

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

Product Space of Austria (Flag) and Burkina Faso (Flag) (2022)

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