Benin (BEN) and Burkina Faso (BFA) Trade | The Observatory of Economic Complexity

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Benin-Burkina Faso Trade: In 2023, Benin exported $5.23M to Burkina Faso. The main products that Benin exported to Burkina Faso were Cement ($1.25M), Refined Petroleum ($810k), and Other Oily Seeds ($659k). Over the past 5 years the exports of Benin to Burkina Faso have decreased at an annualized rate of 4.3%, from $6.51M in 2018 to $5.23M in 2023.

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

Burkina Faso-Benin Trade: In 2023, Burkina Faso exported $9.34M to Benin. The main products that Burkina Faso exported to Benin were Hot-Rolled Iron Bars ($4.21M), Coated Flat-Rolled Iron ($1.94M), and Raw Cotton ($555k). Over the past 5 years the exports of Burkina Faso to Benin have increased at an annualized rate of 13.2%, from $5.02M in 2018 to $9.34M in 2023.

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

Comparison: In 2023, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B). 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

In 2023, Benin exported $5.23M to Burkina Faso. The main products exported from Benin to Burkina Faso were Cement ($1.25M), Refined Petroleum ($810k), and Other Oily Seeds ($659k). During the last 5 years the exports of Benin to Burkina Faso have decreased at an annualized rate of 4.3%, from $6.51M in 2018 to $5.23M in 2023.

In 2018, Burkina Faso exported $9.34M to Benin. The main products exported from Burkina Faso to Benin were Hot-Rolled Iron Bars ($4.21M), Coated Flat-Rolled Iron ($1.94M), and Raw Cotton ($555k). During the last 5 years the exports of Burkina Faso to Benin have increased at an annualized rate of 13.2%, from $5.02M in 2023 to $9.34M in 2018.

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

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

Latest Data

Trade between Benin () and Burkina Faso ()

Benin Exports

Date

Burkina Faso Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationUnited Arab Emirates$803M

Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Benin than Burkina Faso included Bangladesh ($391M), China ($102M), and Pakistan ($44.1M).

In 2023, countries that imported more from Burkina Faso than Benin included Switzerland ($6B), Mali ($268M), and Cote d'Ivoire ($136M).

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

Comparative Advantage Benin - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Benin had a large net trade with Burkina Faso in the exports of Mineral Products ($2.1M), Vegetable Products ($731k), and Foodstuffs ($683k).

During 2018, Burkina Faso had a large net trade with Benin in the exports of Metals ($6.33M), Machines ($839k), and Textiles ($559k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Burkina Faso+$751kRefined Petroleum

Top Product Potential Burkina Faso Benin+$312kDelivery Trucks

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Benin () and Burkina Faso ()

Benin Exports

Burkina Faso Exports

Market Competitiveness

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

Comparative Advantage Benin - Burkina Faso

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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