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2022
Flag → Flag
Exports $28.6MRnk 20 / 131
2022
Flag → Flag
Top Product $24.8MGold
2022
Flag → Flag
Exports $83.2MRnk 126 / 221
2022
Flag → Flag
Top Product $15.4MProcessed Tomatoes
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Burkina Faso-Italy Trade: In 2022, Burkina Faso exported $28.6M to Italy. The main products that Burkina Faso exported to Italy were Gold ($24.8M), Soybeans ($1.35M), and Raw Cotton ($1.16M). Over the past 5 years the exports of Burkina Faso to Italy have decreased at an annualized rate of 0.47%, from $29.3M in 2017 to $28.6M in 2022.

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

Italy-Burkina Faso Trade: In 2022, Italy exported $83.2M to Burkina Faso. The main products that Italy exported to Burkina Faso were Processed Tomatoes ($15.4M), Pasta ($7.81M), and Other Iron Products ($6.9M). Over the past 5 years the exports of Italy to Burkina Faso have increased at an annualized rate of 2.97%,  from $71.9M in 2017 to $83.2M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $28.6M to Italy. The main products exported from Burkina Faso to Italy were Gold ($24.8M), Soybeans ($1.35M), and Raw Cotton ($1.16M). During the last 5 years the exports of Burkina Faso to Italy have decreased at an annualized rate of 0.47%, from $29.3M in 2017 to $28.6M in 2022.

In 2017, Italy exported $83.2M to Burkina Faso. The main products exported from Italy to Burkina Faso were Processed Tomatoes ($15.4M), Pasta ($7.81M), and Other Iron Products ($6.9M). During the last 5 years the exports of Italy to Burkina Faso have increased at an annualized rate of 2.97%, from $71.9M in 2022 to $83.2M in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Italy Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Burkina Faso than Italy included Mali ($304M), Niger ($32.6M), and Rwanda ($36.4M).

In 2022, countries that imported more from Italy than Burkina Faso included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Burkina Faso - Italy

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Italy in the exports of Precious Metals ($24.8M), Vegetable Products ($2.35M), and Textiles ($1.25M).

During 2017, Italy had a large net trade with Burkina Faso in the exports of Foodstuffs ($25M), Machines ($19.3M), and Metals ($11.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Italy+$46MGold
Top Product Potential Italy Burkina Faso+$2.55MPackaged Medicaments

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

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

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