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Pricing

2021
Flag → Flag
Exports $279Rnk 97 / 0
2021
Flag → Flag
Exports $17Rnk 115 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Burkina Faso-Armenia Trade: In 2021, Burkina Faso exported $279 to Armenia. The main products that Burkina Faso exported to Armenia were N/A. Over the past 6 years the exports of Burkina Faso to Armenia have decreased at an annualized rate of 22.7%, from $1.31k in 2015 to $279 in 2021.

In 2021, Burkina Faso did not export any services to Armenia.

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

In 2021, Armenia did not export any services to Burkina Faso.

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Burkina Faso exported $279 to Armenia. There were not main exports from Burkina Faso to Armenia in 2021. During the last 6 years the exports of Burkina Faso to Armenia have decreased at an annualized rate of 22.7%, from $1.31k in 2015 to $279 in 2021.

Armenia does not register exports to Burkina Faso.

Exports from Burkina Faso (Flag) to Armenia (Flag) (2021)

Exports from Armenia (Flag) to Burkina Faso (Flag) (2021)

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Burkina Faso than Armenia included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

In 2022, countries that imported more from Armenia than Burkina Faso included Russia ($2.36B), China ($420M), and Georgia ($260M).

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

Comparative Advantage Burkina Faso - Armenia

Flow
Scale

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

During 2021, Burkina Faso had a large net trade with Armenia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Armenia+$4.28kGold
Top Product Potential Armenia Burkina Faso+$1.95kTelephones

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 Burkina Faso and Armenia. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and Armenia (Flag) (2021)

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