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2022
Flag → Flag
Exports $348kRnk 60 / 131
2022
Flag → Flag
Top Product $342kOther Oily Seeds
2022
Flag → Flag
Exports $779kRnk 149 / 206
2022
Flag → Flag
Top Product $160kElectric Batteries
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 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$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Burkina Faso-Bulgaria Trade: In 2022, Burkina Faso exported $348k to Bulgaria. The main products that Burkina Faso exported to Bulgaria were Other Oily Seeds ($342k) and Refined Petroleum ($5.52k). Over the past 6 years the exports of Burkina Faso to Bulgaria have increased at an annualized rate of 65.5%, from $16.9k in 2016 to $348k in 2022.

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

Bulgaria-Burkina Faso Trade: In 2022, Bulgaria exported $779k to Burkina Faso. The main products that Bulgaria exported to Burkina Faso were Electric Batteries ($160k), Light Fixtures ($116k), and Detonating Fuses ($114k). Over the past 6 years the exports of Bulgaria to Burkina Faso have decreased at an annualized rate of 8.5%,  from $1.21M in 2016 to $779k in 2022.

In 2022, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $348k to Bulgaria. The main products exported from Burkina Faso to Bulgaria were Other Oily Seeds ($342k) and Refined Petroleum ($5.52k). During the last 6 years the exports of Burkina Faso to Bulgaria have increased at an annualized rate of 65.5%, from $16.9k in 2016 to $348k in 2022.

In 2017, Bulgaria exported $779k to Burkina Faso. The main products exported from Bulgaria to Burkina Faso were Electric Batteries ($160k), Light Fixtures ($116k), and Detonating Fuses ($114k). During the last 5 years the exports of Bulgaria to Burkina Faso have decreased at an annualized rate of 8.5%, from $1.21M in 2022 to $779k in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Bulgaria Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Burkina Faso than Bulgaria included Switzerland ($6.08B), United Arab Emirates ($538M), and Mali ($304M).

In 2022, countries that imported more from Bulgaria than Burkina Faso included Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

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

Comparative Advantage Burkina Faso - Bulgaria

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Bulgaria in the exports of Vegetable Products ($342k) and Mineral Products ($5.52k).

During 2017, Bulgaria had a large net trade with Burkina Faso in the exports of Machines ($324k), Chemical Products ($226k), and Miscellaneous ($131k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Bulgaria+$216kOther Oily Seeds
Top Product Potential Bulgaria Burkina Faso+$143kElectric Batteries

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

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

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