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Pricing

2023
Flag → Flag
Exports $9.81kRnk 99 / 125
2023
Flag → Flag
Top Product $2.57kOther Pure Vegetable Oils
2023
Flag → Flag
Exports $76.8kRnk 129 / 156
2023
Flag → Flag
Top Product $42.7kNon-Retail Synthetic Staple Fibers Yarn
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $883CURRENT US$
Rnk 182 / 195
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Burkina Faso-Madagascar Trade: In 2023, Burkina Faso exported $9.81k to Madagascar. The main products that Burkina Faso exported to Madagascar were Other Pure Vegetable Oils ($2.57k), Other Vegetable Oils ($1.98k), and Flavored Water ($1.28k). Over the past 5 years the exports of Burkina Faso to Madagascar have increased at an annualized rate of 0.46%, from $9.59k in 2018 to $9.81k in 2023.

In 2023, Burkina Faso did not export any services to Madagascar.

Madagascar-Burkina Faso Trade: In 2023, Madagascar exported $76.8k to Burkina Faso. The main products that Madagascar exported to Burkina Faso were Non-Retail Synthetic Staple Fibers Yarn ($42.7k), Cars ($23k), and Other Furniture ($6.17k). Over the past 5 years the exports of Madagascar to Burkina Faso have decreased at an annualized rate of 3.32%,  from $91k in 2018 to $76.8k in 2023.

In 2023, Madagascar did not export any services to Burkina Faso.

Comparison: In 2023,  Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Burkina Faso exported $9.81k to Madagascar. The main products exported from Burkina Faso to Madagascar were Other Pure Vegetable Oils ($2.57k), Other Vegetable Oils ($1.98k), and Flavored Water ($1.28k). During the last 5 years the exports of Burkina Faso to Madagascar have increased at an annualized rate of 0.46%, from $9.59k in 2018 to $9.81k in 2023.

In 2018, Madagascar exported $76.8k to Burkina Faso. The main products exported from Madagascar to Burkina Faso were Non-Retail Synthetic Staple Fibers Yarn ($42.7k), Cars ($23k), and Other Furniture ($6.17k). During the last 5 years the exports of Madagascar to Burkina Faso have decreased at an annualized rate of 3.32%, from $91k in 2023 to $76.8k in 2018.

Exports from Burkina Faso (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to Burkina Faso (Flag) (2023)

Latest Data

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

Burkina Faso Exports

Madagascar Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Burkina Faso than Madagascar included Switzerland ($6B), United Arab Emirates ($815M), and Mali ($268M).

In 2023, countries that imported more from Madagascar than Burkina Faso included United States ($669M), France ($641M), and Japan ($345M).

Difference in imports from Madagascar (Flag) and Burkina Faso (Flag) (2023)

Comparative Advantage Burkina Faso - Madagascar

Flow
Scale

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

During 2023, Burkina Faso had a large net trade with Madagascar in the exports of Animal and Vegetable Bi-Products ($4.55k), Foodstuffs ($1.28k), and Machines ($808).

During 2018, Madagascar had a large net trade with Burkina Faso in the exports of Textiles ($43.7k), Transportation ($23.3k), and Miscellaneous ($6.17k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Madagascar+$41.9kCars
Top Product Potential Madagascar Burkina Faso+$32.7kNon-Knit Men's Shirts

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

Product Space of Burkina Faso (Flag) and Madagascar (Flag) (2023)

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