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Pricing

2022
Flag → Flag
Exports $54.3kRnk 87 / 131
2022
Flag → Flag
Top Product $44.7kBroadcasting Equipment
2022
Flag → Flag
Exports $3.19MRnk 125 / 205
2022
Flag → Flag
Top Product $970kCars
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 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$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Burkina Faso-Hungary Trade: In 2022, Burkina Faso exported $54.3k to Hungary. The main products that Burkina Faso exported to Hungary were Broadcasting Equipment ($44.7k), Heavy Pure Woven Cotton ($3.31k), and Electrical Transformers ($3.3k). Over the past 5 years the exports of Burkina Faso to Hungary have increased at an annualized rate of 54.5%, from $6.16k in 2017 to $54.3k in 2022.

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

Hungary-Burkina Faso Trade: In 2022, Hungary exported $3.19M to Burkina Faso. The main products that Hungary exported to Burkina Faso were Cars ($970k), Other Office Machines ($577k), and Other Nitrogen Compounds ($319k). Over the past 5 years the exports of Hungary to Burkina Faso have decreased at an annualized rate of 13.2%,  from $6.46M in 2017 to $3.19M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $54.3k to Hungary. The main products exported from Burkina Faso to Hungary were Broadcasting Equipment ($44.7k), Heavy Pure Woven Cotton ($3.31k), and Electrical Transformers ($3.3k). During the last 5 years the exports of Burkina Faso to Hungary have increased at an annualized rate of 54.5%, from $6.16k in 2017 to $54.3k in 2022.

In 2017, Hungary exported $3.19M to Burkina Faso. The main products exported from Hungary to Burkina Faso were Cars ($970k), Other Office Machines ($577k), and Other Nitrogen Compounds ($319k). During the last 5 years the exports of Hungary to Burkina Faso have decreased at an annualized rate of 13.2%, from $6.46M in 2022 to $3.19M in 2017.

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

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

Latest Data

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

Hungary Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Hungary
Top DestinationGermany$35.5B

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

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

In 2022, countries that imported more from Hungary than Burkina Faso included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

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

Comparative Advantage Burkina Faso - Hungary

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Hungary in the exports of Machines ($50.1k), Textiles ($3.31k), and Vegetable Products ($542).

During 2017, Hungary had a large net trade with Burkina Faso in the exports of Machines ($1.1M), Transportation ($989k), and Chemical Products ($377k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Hungary+$86.7kTelephones
Top Product Potential Hungary Burkina Faso+$1.33MCars

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

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

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