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Pricing

2022
Flag → Flag
Exports $9.78kRnk 103 / 131
2022
Flag → Flag
Top Product $4.49kCoconuts, Brazil Nuts, and Cashews
2022
Flag → Flag
Exports $987kRnk 134 / 187
2022
Flag → Flag
Top Product $527kTanks and Armored vehicles
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Burkina Faso-Colombia Trade: In 2022, Burkina Faso exported $9.78k to Colombia. The main products that Burkina Faso exported to Colombia were Coconuts, Brazil Nuts, and Cashews ($4.49k), Other Pure Vegetable Oils ($3.42k), and Ornamental Ceramics ($1.87k). Over the past 6 years the exports of Burkina Faso to Colombia have decreased at an annualized rate of 15%, from $26k in 2016 to $9.78k in 2022.

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

Colombia-Burkina Faso Trade: In 2022, Colombia exported $987k to Burkina Faso. The main products that Colombia exported to Burkina Faso were Tanks and Armored vehicles ($527k), Special purpose motor vehicles ($352k), and Stone Processing Machines ($47.1k). Over the past 6 years the exports of Colombia to Burkina Faso have increased at an annualized rate of 42.4%,  from $118k in 2016 to $987k in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $9.78k to Colombia. The main products exported from Burkina Faso to Colombia were Coconuts, Brazil Nuts, and Cashews ($4.49k), Other Pure Vegetable Oils ($3.42k), and Ornamental Ceramics ($1.87k). During the last 6 years the exports of Burkina Faso to Colombia have decreased at an annualized rate of 15%, from $26k in 2016 to $9.78k in 2022.

In 2017, Colombia exported $987k to Burkina Faso. The main products exported from Colombia to Burkina Faso were Tanks and Armored vehicles ($527k), Special purpose motor vehicles ($352k), and Stone Processing Machines ($47.1k). During the last 5 years the exports of Colombia to Burkina Faso have increased at an annualized rate of 42.4%, from $118k in 2022 to $987k in 2017.

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

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

Latest Data

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

Colombia Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Burkina Faso included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Burkina Faso - Colombia

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Colombia in the exports of Vegetable Products ($4.49k), Animal and Vegetable Bi-Products ($3.42k), and Stone And Glass ($1.87k).

During 2017, Colombia had a large net trade with Burkina Faso in the exports of Transportation ($879k), Machines ($70.2k), and Foodstuffs ($30.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Colombia+$23kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Colombia Burkina Faso+$47.7kBaked Goods

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

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

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