Burkina Faso (BFA) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Burkina Faso-Montenegro Trade: In 2023, Burkina Faso exported $1.66k to Montenegro. The main products that Burkina Faso exported to Montenegro were Tropical Fruits ($1.07k), Sound Recording Equipment ($339), and Padlocks ($250). Over the past 5 years the exports of Burkina Faso to Montenegro have increased at an annualized rate of 82.1%, from $83 in 2018 to $1.66k in 2023.

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

Montenegro-Burkina Faso In N/A, Montenegro did not export any products to Burkina Faso.

In 2023, Montenegro 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, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Burkina Faso exported $1.66k to Montenegro. The main products exported from Burkina Faso to Montenegro were Tropical Fruits ($1.07k), Sound Recording Equipment ($339), and Padlocks ($250). During the last 5 years the exports of Burkina Faso to Montenegro have increased at an annualized rate of 82.1%, from $83 in 2018 to $1.66k in 2023.

Montenegro does not register exports to Burkina Faso.

Exports from Burkina Faso () to Montenegro () (2023)

Exports from Montenegro () to Burkina Faso () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Burkina Faso than Montenegro included Switzerland ($6B), United Arab Emirates ($815M), and India ($271M).

In 2023, countries that imported more from Montenegro than Burkina Faso included Italy ($576M), Serbia ($202M), and Spain ($91.1M).

Difference in imports from Montenegro () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Burkina Faso had a large net trade with Montenegro in the exports of Vegetable Products ($1.07k), Machines ($339), and Metals ($250).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to Montenegro () (2023)

Exports from Montenegro () to Burkina Faso () (2023)

Market Competitiveness

Difference in imports from Montenegro () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and Montenegro () (2023)

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