2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH
50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP
$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
Flag
GDP GROWTH
42.4%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC 
$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH
13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC
$7,585CURRENT US$
Rnk 88 / 186
2012-2022
Flag
GDP PC GROWTH
61.8%CURRENT US$
Rnk 25 / 186

About

Burkina Faso-Bosnia and Herzegovina Trade: In 2022, Burkina Faso exported $10.9k to Bosnia and Herzegovina. The main products that Burkina Faso exported to Bosnia and Herzegovina were Tropical Fruits ($10.1k), Coconuts, Brazil Nuts, and Cashews ($381), and Beauty Products ($125). Over the past 5 years the exports of Burkina Faso to Bosnia and Herzegovina have decreased at an annualized rate of 11.7%, from $20.3k in 2017 to $10.9k in 2022.

In 2022, Burkina Faso did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Burkina Faso Trade: In 2022, Bosnia and Herzegovina exported $14.7k to Burkina Faso. The main products that Bosnia and Herzegovina exported to Burkina Faso were Raw Plastic Sheeting ($8.86k), Buses ($2.38k), and Used Clothing ($1.66k). Over the past 5 years the exports of Bosnia and Herzegovina to Burkina Faso have decreased at an annualized rate of 34.1%,  from $118k in 2017 to $14.7k in 2022.

In 2022, Bosnia and Herzegovina 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, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $10.9k to Bosnia and Herzegovina. The main products exported from Burkina Faso to Bosnia and Herzegovina were Tropical Fruits ($10.1k), Coconuts, Brazil Nuts, and Cashews ($381), and Beauty Products ($125). During the last 5 years the exports of Burkina Faso to Bosnia and Herzegovina have decreased at an annualized rate of 11.7%, from $20.3k in 2017 to $10.9k in 2022.

In 2017, Bosnia and Herzegovina exported $14.7k to Burkina Faso. The main products exported from Bosnia and Herzegovina to Burkina Faso were Raw Plastic Sheeting ($8.86k), Buses ($2.38k), and Used Clothing ($1.66k). During the last 5 years the exports of Bosnia and Herzegovina to Burkina Faso have decreased at an annualized rate of 34.1%, from $118k in 2022 to $14.7k in 2017.

Exports from Burkina Faso (Flag) to Bosnia and Herzegovina (Flag) (2022)

Exports from Bosnia and Herzegovina (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and Bosnia and Herzegovina (Flag)

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Burkina Faso
Top Destination
Switzerland$6.08B
Bosnia and Herzegovina
Top Destination
Croatia$1.47B

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

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

In 2022, countries that imported more from Bosnia and Herzegovina than Burkina Faso included Croatia ($1.47B), Germany ($1.46B), and Serbia ($1.35B).

Difference in imports from Bosnia and Herzegovina (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($10.6k), Chemical Products ($125), and Foodstuffs ($84).

During 2017, Bosnia and Herzegovina had a large net trade with Burkina Faso in the exports of Plastics and Rubbers ($8.9k), Transportation ($2.38k), and Textiles ($1.78k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Bosnia and Herzegovina+$20.8kTropical Fruits
Top Product Potential Bosnia and Herzegovina Burkina Faso+$16.5kRaw Plastic Sheeting

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

Product Space of Burkina Faso (Flag) and Bosnia and Herzegovina (Flag) (2022)

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