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2023
Flag → Flag
Exports $2.24MRnk 36 / 125
2023
Flag → Flag
Top Product $2.16MOther Pure Vegetable Oils
2023
Flag → Flag
Exports $43MRnk 119 / 221
2023
Flag → Flag
Top Product $26.3MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Burkina Faso-Malaysia Trade: In 2023, Burkina Faso exported $2.24M to Malaysia. The main products that Burkina Faso exported to Malaysia were Other Pure Vegetable Oils ($2.16M), Plastic Lids ($66.1k), and Navigation Equipment ($4.75k). Over the past 5 years the exports of Burkina Faso to Malaysia have decreased at an annualized rate of 15.8%, from $5.29M in 2018 to $2.24M in 2023.

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

Malaysia-Burkina Faso Trade: In 2023, Malaysia exported $43M to Burkina Faso. The main products that Malaysia exported to Burkina Faso were Refined Petroleum ($26.3M), Palm Oil ($7.05M), and Olive Oil ($2.9M). Over the past 5 years the exports of Malaysia to Burkina Faso have increased at an annualized rate of 21.2%,  from $16.4M in 2018 to $43M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Burkina Faso exported $2.24M to Malaysia. The main products exported from Burkina Faso to Malaysia were Other Pure Vegetable Oils ($2.16M), Plastic Lids ($66.1k), and Navigation Equipment ($4.75k). During the last 5 years the exports of Burkina Faso to Malaysia have decreased at an annualized rate of 15.8%, from $5.29M in 2018 to $2.24M in 2023.

In 2018, Malaysia exported $43M to Burkina Faso. The main products exported from Malaysia to Burkina Faso were Refined Petroleum ($26.3M), Palm Oil ($7.05M), and Olive Oil ($2.9M). During the last 5 years the exports of Malaysia to Burkina Faso have increased at an annualized rate of 21.2%, from $16.4M in 2023 to $43M in 2018.

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

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

Latest Data

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

Burkina Faso Exports

Malaysia Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6B
Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Burkina Faso than Malaysia included Switzerland ($6B), Mali ($268M), and Cote d'Ivoire ($136M).

In 2023, countries that imported more from Malaysia than Burkina Faso included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Burkina Faso - Malaysia

Flow
Scale

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

During 2023, Burkina Faso had a large net trade with Malaysia in the exports of Animal and Vegetable Bi-Products ($2.16M), Plastics and Rubbers ($66.1k), and Machines ($9.41k).

During 2018, Malaysia had a large net trade with Burkina Faso in the exports of Mineral Products ($26.3M), Animal and Vegetable Bi-Products ($10.3M), and Machines ($3.06M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Malaysia+$334kRaw Cotton
Top Product Potential Malaysia Burkina Faso+$3.03MRefined 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 Malaysia. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Burkina Faso.

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

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