Burkina Faso (BFA) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Burkina Faso-Georgia Trade: In 2021, Burkina Faso exported $32.7k to Georgia. The main products that Burkina Faso exported to Georgia were N/A. Over the past 10 years the exports of Burkina Faso to Georgia have decreased at an annualized rate of 29.4%, from $1.06M in 2011 to $32.7k in 2021.

In 2021, Burkina Faso did not export any services to Georgia.

Georgia-Burkina Faso Trade: In 2021, Georgia exported $319k to Burkina Faso. The main products that Georgia exported to Burkina Faso were Insulated Wire ($286k), Flavored Water ($26.3k), and Honey ($5.63k). Over the past 10 years the exports of Georgia to Burkina Faso have increased at an annualized rate of 65.4%, from $25.8k in 2011 to $319k in 2021.

In 2021, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Burkina Faso exported $32.7k to Georgia. There were not main exports from Burkina Faso to Georgia in 2021. During the last 10 years the exports of Burkina Faso to Georgia have decreased at an annualized rate of 29.4%, from $1.06M in 2011 to $32.7k in 2021.

In 2017, Georgia exported $319k to Burkina Faso. The main products exported from Georgia to Burkina Faso were Insulated Wire ($286k), Flavored Water ($26.3k), and Honey ($5.63k). During the last 5 years the exports of Georgia to Burkina Faso have increased at an annualized rate of 65.4%, from $25.8k in 2022 to $319k in 2017.

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

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

Latest Data

Trade between Burkina Faso () and Georgia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6.08B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Burkina Faso included China ($759M), Azerbaijan ($668M), and Russia ($642M).

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

Comparative Advantage Burkina Faso - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Burkina Faso had a large net trade with Georgia in the exports of .

During 2017, Georgia had a large net trade with Burkina Faso in the exports of Machines ($287k), Foodstuffs ($26.3k), and Animal Products ($5.63k).

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 Georgia+$2.19kRefined Petroleum

Top Product Potential Georgia Burkina Faso+$2.41kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Burkina Faso () and Georgia ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Burkina Faso - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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