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2022
Flag → Flag
Exports $173MRnk 4 / 131
2022
Flag → Flag
Top Product $64.9MRaw Cotton
2022
Flag → Flag
Exports $7.75MRnk 148 / 215
2022
Flag → Flag
Top Product $1.85MAir Conditioners
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Burkina Faso-Singapore Trade: In 2022, Burkina Faso exported $173M to Singapore. The main products that Burkina Faso exported to Singapore were Raw Cotton ($64.9M), Other Oily Seeds ($55.3M), and Coconuts, Brazil Nuts, and Cashews ($52.7M). Over the past 5 years the exports of Burkina Faso to Singapore have decreased at an annualized rate of 8.05%, from $264M in 2017 to $173M in 2022.

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

Singapore-Burkina Faso Trade: In 2022, Singapore exported $7.75M to Burkina Faso. The main products that Singapore exported to Burkina Faso were Air Conditioners ($1.85M), Excavation Machinery ($1.12M), and Interchangeable Tool Parts ($946k). Over the past 5 years the exports of Singapore to Burkina Faso have increased at an annualized rate of 17.9%,  from $3.4M in 2017 to $7.75M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $173M to Singapore. The main products exported from Burkina Faso to Singapore were Raw Cotton ($64.9M), Other Oily Seeds ($55.3M), and Coconuts, Brazil Nuts, and Cashews ($52.7M). During the last 5 years the exports of Burkina Faso to Singapore have decreased at an annualized rate of 8.05%, from $264M in 2017 to $173M in 2022.

In 2017, Singapore exported $7.75M to Burkina Faso. The main products exported from Singapore to Burkina Faso were Air Conditioners ($1.85M), Excavation Machinery ($1.12M), and Interchangeable Tool Parts ($946k). During the last 5 years the exports of Singapore to Burkina Faso have increased at an annualized rate of 17.9%, from $3.4M in 2022 to $7.75M in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Singapore Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Burkina Faso than Singapore included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

In 2022, countries that imported more from Singapore than Burkina Faso included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Burkina Faso - Singapore

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Singapore in the exports of Vegetable Products ($108M), Textiles ($64.9M), and Animal and Vegetable Bi-Products ($164k).

During 2017, Singapore had a large net trade with Burkina Faso in the exports of Machines ($3.98M), Metals ($1.53M), and Paper Goods ($522k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Singapore+$309kOther Pure Vegetable Oils
Top Product Potential Singapore Burkina Faso+$1.74MRefined 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 Singapore. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and Singapore (Flag) (2022)

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