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Pricing

2022
Flag → Flag
Exports $1.22MRnk 40 / 131
2022
Flag → Flag
Top Product $1.17MRaw Cotton
2022
Flag → Flag
Exports $31.5MRnk 129 / 218
2022
Flag → Flag
Top Product $5.61MLarge Construction Vehicles
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Burkina Faso-Thailand Trade: In 2022, Burkina Faso exported $1.22M to Thailand. The main products that Burkina Faso exported to Thailand were Raw Cotton ($1.17M), Air Pumps ($43.4k), and Pulley Systems ($4.19k). Over the past 5 years the exports of Burkina Faso to Thailand have decreased at an annualized rate of 30.2%, from $7.38M in 2017 to $1.22M in 2022.

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

Thailand-Burkina Faso Trade: In 2022, Thailand exported $31.5M to Burkina Faso. The main products that Thailand exported to Burkina Faso were Large Construction Vehicles ($5.61M), Rice ($4.68M), and Cars ($3.26M). Over the past 5 years the exports of Thailand to Burkina Faso have decreased at an annualized rate of 1.91%,  from $34.7M in 2017 to $31.5M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $1.22M to Thailand. The main products exported from Burkina Faso to Thailand were Raw Cotton ($1.17M), Air Pumps ($43.4k), and Pulley Systems ($4.19k). During the last 5 years the exports of Burkina Faso to Thailand have decreased at an annualized rate of 30.2%, from $7.38M in 2017 to $1.22M in 2022.

In 2017, Thailand exported $31.5M to Burkina Faso. The main products exported from Thailand to Burkina Faso were Large Construction Vehicles ($5.61M), Rice ($4.68M), and Cars ($3.26M). During the last 5 years the exports of Thailand to Burkina Faso have decreased at an annualized rate of 1.91%, from $34.7M in 2022 to $31.5M in 2017.

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

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

Latest Data

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

Thailand Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Burkina Faso than Thailand included Switzerland ($6.08B), Mali ($304M), and Rwanda ($36.4M).

In 2022, countries that imported more from Thailand than Burkina Faso included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Burkina Faso - Thailand

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Thailand in the exports of Textiles ($1.17M), Machines ($47.6k), and Chemical Products ($1.57k).

During 2017, Thailand had a large net trade with Burkina Faso in the exports of Machines ($7.47M), Transportation ($6.36M), and Textiles ($5.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Thailand+$1.82MRaw Cotton
Top Product Potential Thailand Burkina Faso+$2.42MCars

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

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

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