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Pricing

2022
Flag → Flag
Exports $28.3kRnk 91 / 131
2022
Flag → Flag
Top Product $20.6kTropical Fruits
2022
Flag → Flag
Exports $3.34MRnk 87 / 156
2022
Flag → Flag
Top Product $3.04MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 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$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Burkina Faso-Kuwait Trade: In 2022, Burkina Faso exported $28.3k to Kuwait. The main products that Burkina Faso exported to Kuwait were Tropical Fruits ($20.6k), Other Processed Fruits and Nuts ($5.12k), and Coconuts, Brazil Nuts, and Cashews ($1.19k). Over the past 5 years the exports of Burkina Faso to Kuwait have increased at an annualized rate of 0.24%, from $28k in 2017 to $28.3k in 2022.

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

Kuwait-Burkina Faso Trade: In 2022, Kuwait exported $3.34M to Burkina Faso. The main products that Kuwait exported to Burkina Faso were Refined Petroleum ($3.04M), Sodium or Potassium Peroxides ($217k), and Used Clothing ($40.2k). Over the past 5 years the exports of Kuwait to Burkina Faso have increased at an annualized rate of 134%,  from $47.4k in 2017 to $3.34M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $28.3k to Kuwait. The main products exported from Burkina Faso to Kuwait were Tropical Fruits ($20.6k), Other Processed Fruits and Nuts ($5.12k), and Coconuts, Brazil Nuts, and Cashews ($1.19k). During the last 5 years the exports of Burkina Faso to Kuwait have increased at an annualized rate of 0.24%, from $28k in 2017 to $28.3k in 2022.

In 2017, Kuwait exported $3.34M to Burkina Faso. The main products exported from Kuwait to Burkina Faso were Refined Petroleum ($3.04M), Sodium or Potassium Peroxides ($217k), and Used Clothing ($40.2k). During the last 5 years the exports of Kuwait to Burkina Faso have increased at an annualized rate of 134%, from $47.4k in 2022 to $3.34M in 2017.

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

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

Latest Data

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

Kuwait Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Burkina Faso included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Burkina Faso - Kuwait

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Kuwait in the exports of Vegetable Products ($21.8k), Foodstuffs ($5.12k), and Textiles ($1.43k).

During 2017, Kuwait had a large net trade with Burkina Faso in the exports of Mineral Products ($3.04M), Chemical Products ($219k), and Textiles ($45.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Kuwait+$69.1kTropical Fruits
Top Product Potential Kuwait Burkina Faso+$4.76MRefined 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

This visualization shows the product space at the HS4 level with the flags of Burkina Faso and Kuwait. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Burkina Faso.

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

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