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Pricing

2023
Flag → Flag
Exports $180kRnk 66 / 125
2023
Flag → Flag
Top Product $139kRefined Petroleum
2023
Flag → Flag
Exports $23.2MRnk 106 / 182
2023
Flag → Flag
Top Product $10.8MCement
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Burkina Faso-Saudi Arabia Trade: In 2023, Burkina Faso exported $180k to Saudi Arabia. The main products that Burkina Faso exported to Saudi Arabia were Refined Petroleum ($139k), Packaged Medicaments ($30.3k), and Cut Flowers ($9.93k). Over the past 5 years the exports of Burkina Faso to Saudi Arabia have decreased at an annualized rate of 11.8%, from $336k in 2018 to $180k in 2023.

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

Saudi Arabia-Burkina Faso Trade: In 2023, Saudi Arabia exported $23.2M to Burkina Faso. The main products that Saudi Arabia exported to Burkina Faso were Cement ($10.8M), Refined Petroleum ($9.51M), and Ethylene Polymers ($1.2M). Over the past 5 years the exports of Saudi Arabia to Burkina Faso have increased at an annualized rate of 11.7%,  from $13.3M in 2018 to $23.2M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Burkina Faso exported $180k to Saudi Arabia. The main products exported from Burkina Faso to Saudi Arabia were Refined Petroleum ($139k), Packaged Medicaments ($30.3k), and Cut Flowers ($9.93k). During the last 5 years the exports of Burkina Faso to Saudi Arabia have decreased at an annualized rate of 11.8%, from $336k in 2018 to $180k in 2023.

In 2018, Saudi Arabia exported $23.2M to Burkina Faso. The main products exported from Saudi Arabia to Burkina Faso were Cement ($10.8M), Refined Petroleum ($9.51M), and Ethylene Polymers ($1.2M). During the last 5 years the exports of Saudi Arabia to Burkina Faso have increased at an annualized rate of 11.7%, from $13.3M in 2023 to $23.2M in 2018.

Exports from Burkina Faso (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Burkina Faso (Flag) (2023)

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Burkina Faso than Saudi Arabia included Switzerland ($6B), Mali ($268M), and Togo ($114M).

In 2023, countries that imported more from Saudi Arabia than Burkina Faso included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia (Flag) and Burkina Faso (Flag) (2023)

Comparative Advantage Burkina Faso - Saudi Arabia

Flow
Scale

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

During 2023, Burkina Faso had a large net trade with Saudi Arabia in the exports of Mineral Products ($139k), Chemical Products ($30.3k), and Vegetable Products ($10.5k).

During 2018, Saudi Arabia had a large net trade with Burkina Faso in the exports of Mineral Products ($20.3M), Plastics and Rubbers ($2.01M), and Chemical Products ($420k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Saudi Arabia+$347kRefined Petroleum
Top Product Potential Saudi Arabia Burkina Faso+$20.1MRefined 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 Saudi Arabia. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and Saudi Arabia (Flag) (2023)

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