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2023
Flag → Flag
Exports $1.01MRnk 42 / 125
2023
Flag → Flag
Top Product $991kRaw Cotton
2023
Flag → Flag
Exports $11.9MRnk 120 / 211
2023
Flag → Flag
Top Product $4.04MFlavored Water
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Burkina Faso-Portugal Trade: In 2023, Burkina Faso exported $1.01M to Portugal. The main products that Burkina Faso exported to Portugal were Raw Cotton ($991k), Paintings ($4.47k), and Knit T-shirts ($3.4k). Over the past 5 years the exports of Burkina Faso to Portugal have decreased at an annualized rate of 13.2%, from $2.04M in 2018 to $1.01M in 2023.

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

Portugal-Burkina Faso Trade: In 2023, Portugal exported $11.9M to Burkina Faso. The main products that Portugal exported to Burkina Faso were Flavored Water ($4.04M), Iron Gas Containers ($1.96M), and Water and Gas Generators ($820k). Over the past 5 years the exports of Portugal to Burkina Faso have decreased at an annualized rate of 8.44%,  from $18.4M in 2018 to $11.9M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Burkina Faso exported $1.01M to Portugal. The main products exported from Burkina Faso to Portugal were Raw Cotton ($991k), Paintings ($4.47k), and Knit T-shirts ($3.4k). During the last 5 years the exports of Burkina Faso to Portugal have decreased at an annualized rate of 13.2%, from $2.04M in 2018 to $1.01M in 2023.

In 2018, Portugal exported $11.9M to Burkina Faso. The main products exported from Portugal to Burkina Faso were Flavored Water ($4.04M), Iron Gas Containers ($1.96M), and Water and Gas Generators ($820k). During the last 5 years the exports of Portugal to Burkina Faso have decreased at an annualized rate of 8.44%, from $18.4M in 2023 to $11.9M in 2018.

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

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

Latest Data

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

Portugal Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6B
Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Burkina Faso included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Burkina Faso - Portugal

Flow
Scale

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

During 2023, Burkina Faso had a large net trade with Portugal in the exports of Textiles ($998k), Arts and Antiques ($4.47k), and Miscellaneous ($1.05k).

During 2018, Portugal had a large net trade with Burkina Faso in the exports of Foodstuffs ($4.28M), Metals ($2.52M), and Machines ($2.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Portugal+$1.31MRaw Cotton
Top Product Potential Portugal Burkina Faso+$881kPackaged Medicaments

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

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

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