Burkina Faso (BFA) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Burkina Faso-Bolivia Trade: In 2022, Burkina Faso exported $2 to Bolivia. The main products that Burkina Faso exported to Bolivia were Other Plastic Products ($2). Over the past 5 years the exports of Burkina Faso to Bolivia have decreased at an annualized rate of 78.3%, from $4.17k in 2017 to $2 in 2022.

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

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

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Burkina Faso exported $2 to Bolivia. The main products exported from Burkina Faso to Bolivia were Other Plastic Products ($2). During the last 5 years the exports of Burkina Faso to Bolivia have decreased at an annualized rate of 78.3%, from $4.17k in 2017 to $2 in 2022.

Bolivia does not register exports to Burkina Faso.

Exports from Burkina Faso () to Bolivia () (2022)

Exports from Bolivia () to Burkina Faso () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6.08B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Burkina Faso than Bolivia included Switzerland ($6.08B), Mali ($304M), and Singapore ($173M).

In 2022, countries that imported more from Bolivia than Burkina Faso included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia () and Burkina Faso () (2022)

Comparative Advantage Burkina Faso - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Burkina Faso had a large net trade with Bolivia in the exports of Plastics and Rubbers ($2).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Burkina Faso Bolivia+$2.64kRefined Petroleum

Top Product Potential Bolivia Burkina Faso+$3.2kPetroleum Gas

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

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Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to Bolivia () (2022)

Exports from Bolivia () to Burkina Faso () (2022)

Market Competitiveness

Difference in imports from Bolivia () and Burkina Faso () (2022)

Comparative Advantage Burkina Faso - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and Bolivia () (2022)

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