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Pricing

2019
Flag → Flag
Exports $1.48MRnk 52 / 0
2019
Flag → Flag
Exports $11.1MRnk 110 / 156
2019
Flag → Flag
Top Product $2.82MOther Iron Products
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 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$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Burkina Faso-Mexico Trade: In 2019, Burkina Faso exported $1.48M to Mexico. The main products that Burkina Faso exported to Mexico were N/A. Over the past 7 years the exports of Burkina Faso to Mexico have increased at an annualized rate of 55.4%, from $67.7k in 2012 to $1.48M in 2019.

In 2019, Burkina Faso did not export any services to Mexico.

Mexico-Burkina Faso Trade: In 2019, Mexico exported $11.1M to Burkina Faso. The main products that Mexico exported to Burkina Faso were Other Iron Products ($2.82M), Malt Extract ($1.99M), and Liquid Pumps ($1.2M). Over the past 7 years the exports of Mexico to Burkina Faso have increased at an annualized rate of 6.71%,  from $8.04M in 2012 to $11.1M in 2019.

In 2019, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Burkina Faso exported $1.48M to Mexico. There were not main exports from Burkina Faso to Mexico in 2019. During the last 7 years the exports of Burkina Faso to Mexico have increased at an annualized rate of 55.4%, from $67.7k in 2012 to $1.48M in 2019.

In 2017, Mexico exported $11.1M to Burkina Faso. The main products exported from Mexico to Burkina Faso were Other Iron Products ($2.82M), Malt Extract ($1.99M), and Liquid Pumps ($1.2M). During the last 5 years the exports of Mexico to Burkina Faso have increased at an annualized rate of 6.71%, from $8.04M in 2022 to $11.1M in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Mexico Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Mexico
Top DestinationUnited States$421B

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

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

In 2022, countries that imported more from Mexico than Burkina Faso included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Burkina Faso - Mexico

Flow
Scale

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

During 2019, Burkina Faso had a large net trade with Mexico in the exports of .

During 2017, Mexico had a large net trade with Burkina Faso in the exports of Machines ($4.87M), Metals ($2.94M), and Foodstuffs ($2.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Mexico+$5.5kGold
Top Product Potential Mexico Burkina Faso+$1.24MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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