2022
Flag  
GDP
$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH
50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC 
$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH
13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Burkina Faso-Portugal Trade: In 2022, Burkina Faso exported $4.95M to Portugal. The main products that Burkina Faso exported to Portugal were Raw Cotton ($4.94M), Video Displays ($1.89k), and Light Rubberized Knitted Fabric ($944). Over the past 5 years the exports of Burkina Faso to Portugal have increased at an annualized rate of 26.5%, from $1.53M in 2017 to $4.95M in 2022.

In 2022, Burkina Faso did not export any services to Portugal.

Portugal-Burkina Faso Trade: In 2022, Portugal exported $14M to Burkina Faso. The main products that Portugal exported to Burkina Faso were Flavored Water ($3.84M), Glass Bottles ($2.18M), and Uncoated Paper ($1.05M). Over the past 5 years the exports of Portugal to Burkina Faso have decreased at an annualized rate of 4.57%,  from $17.7M in 2017 to $14M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $4.95M to Portugal. The main products exported from Burkina Faso to Portugal were Raw Cotton ($4.94M), Video Displays ($1.89k), and Light Rubberized Knitted Fabric ($944). During the last 5 years the exports of Burkina Faso to Portugal have increased at an annualized rate of 26.5%, from $1.53M in 2017 to $4.95M in 2022.

In 2017, Portugal exported $14M to Burkina Faso. The main products exported from Portugal to Burkina Faso were Flavored Water ($3.84M), Glass Bottles ($2.18M), and Uncoated Paper ($1.05M). During the last 5 years the exports of Portugal to Burkina Faso have decreased at an annualized rate of 4.57%, from $17.7M in 2022 to $14M in 2017.

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

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

Latest Data

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

Portugal Exports

Market Competitiveness

Color
Burkina Faso
Top Destination
Switzerland$6.08B
Portugal
Top Destination
Spain$20.5B

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 2022, countries that imported more from Burkina Faso than Portugal included Switzerland ($6.08B), United Arab Emirates ($538M), and Mali ($304M).

In 2022, countries that imported more from Portugal than Burkina Faso included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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 2022, Burkina Faso had a large net trade with Portugal in the exports of Textiles ($4.94M), Machines ($1.92k), and Animal Hides ($583).

During 2017, Portugal had a large net trade with Burkina Faso in the exports of Foodstuffs ($4.56M), Stone And Glass ($2.52M), and Metals ($2.27M).

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) (2022)

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