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2022
Flag → Flag
Exports $32MRnk 19 / 131
2022
Flag → Flag
Top Product $18.5MRaw Cotton
2022
Flag → Flag
Exports $112MRnk 126 / 219
2022
Flag → Flag
Top Product $18.5MHot-Rolled Iron Bars
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Burkina Faso-Turkey Trade: In 2022, Burkina Faso exported $32M to Turkey. The main products that Burkina Faso exported to Turkey were Raw Cotton ($18.5M), Refined Petroleum ($6.85M), and Other Oily Seeds ($4.34M). Over the past 5 years the exports of Burkina Faso to Turkey have decreased at an annualized rate of 13.7%, from $66.7M in 2017 to $32M in 2022.

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

Turkey-Burkina Faso Trade: In 2022, Turkey exported $112M to Burkina Faso. The main products that Turkey exported to Burkina Faso were Hot-Rolled Iron Bars ($18.5M), Pasta ($11.1M), and Insulated Wire ($6.26M). Over the past 5 years the exports of Turkey to Burkina Faso have increased at an annualized rate of 24.3%,  from $37.8M in 2017 to $112M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $32M to Turkey. The main products exported from Burkina Faso to Turkey were Raw Cotton ($18.5M), Refined Petroleum ($6.85M), and Other Oily Seeds ($4.34M). During the last 5 years the exports of Burkina Faso to Turkey have decreased at an annualized rate of 13.7%, from $66.7M in 2017 to $32M in 2022.

In 2017, Turkey exported $112M to Burkina Faso. The main products exported from Turkey to Burkina Faso were Hot-Rolled Iron Bars ($18.5M), Pasta ($11.1M), and Insulated Wire ($6.26M). During the last 5 years the exports of Turkey to Burkina Faso have increased at an annualized rate of 24.3%, from $37.8M in 2022 to $112M in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Turkey Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Burkina Faso than Turkey included Switzerland ($6.08B), Mali ($304M), and North Korea ($70.9k).

In 2022, countries that imported more from Turkey than Burkina Faso included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Burkina Faso - Turkey

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Turkey in the exports of Textiles ($19M), Mineral Products ($6.85M), and Vegetable Products ($5.55M).

During 2017, Turkey had a large net trade with Burkina Faso in the exports of Metals ($29.9M), Machines ($21.5M), and Foodstuffs ($17.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Turkey+$16.6MRaw Cotton
Top Product Potential Turkey Burkina Faso+$3.84MRefined 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 Turkey. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Burkina Faso.

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

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