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Pricing

2022
Flag → Flag
Exports $56.7MRnk 9 / 131
2022
Flag → Flag
Top Product $54.1MZinc Ore
2022
Flag → Flag
Exports $30.1MRnk 118 / 215
2022
Flag → Flag
Top Product $6.12MCars
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Burkina Faso-Canada Trade: In 2022, Burkina Faso exported $56.7M to Canada. The main products that Burkina Faso exported to Canada were Zinc Ore ($54.1M), Interchangeable Tool Parts ($996k), and Other Construction Vehicles ($340k). Over the past 5 years the exports of Burkina Faso to Canada have increased at an annualized rate of 121%, from $1.07M in 2017 to $56.7M in 2022.

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

Canada-Burkina Faso Trade: In 2022, Canada exported $30.1M to Burkina Faso. The main products that Canada exported to Burkina Faso were Cars ($6.12M), Detonating Fuses ($2.51M), and Stone Processing Machines ($2.12M). Over the past 5 years the exports of Canada to Burkina Faso have decreased at an annualized rate of 8.38%,  from $46.6M in 2017 to $30.1M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $56.7M to Canada. The main products exported from Burkina Faso to Canada were Zinc Ore ($54.1M), Interchangeable Tool Parts ($996k), and Other Construction Vehicles ($340k). During the last 5 years the exports of Burkina Faso to Canada have increased at an annualized rate of 121%, from $1.07M in 2017 to $56.7M in 2022.

In 2017, Canada exported $30.1M to Burkina Faso. The main products exported from Canada to Burkina Faso were Cars ($6.12M), Detonating Fuses ($2.51M), and Stone Processing Machines ($2.12M). During the last 5 years the exports of Canada to Burkina Faso have decreased at an annualized rate of 8.38%, from $46.6M in 2022 to $30.1M in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Canada Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Burkina Faso included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Burkina Faso - Canada

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Canada in the exports of Mineral Products ($54.1M), Metals ($1.01M), and Machines ($505k).

During 2017, Canada had a large net trade with Burkina Faso in the exports of Machines ($11.8M), Transportation ($8.18M), and Metals ($3.77M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Canada+$545kInterchangeable Tool Parts
Top Product Potential Canada Burkina Faso+$4.79MCars

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

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

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