Burkina Faso (BFA) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Burkina Faso-Chinese Taipei Trade: In 2022, Burkina Faso exported $1.18k to Chinese Taipei. The main products that Burkina Faso exported to Chinese Taipei were Other Pure Vegetable Oils ($1.18k). Over the past 5 years the exports of Burkina Faso to Chinese Taipei have decreased at an annualized rate of 72.2%, from $704k in 2017 to $1.18k in 2022.

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

Chinese Taipei-Burkina Faso Trade: In 2022, Chinese Taipei exported $12M to Burkina Faso. The main products that Chinese Taipei exported to Burkina Faso were Refined Petroleum ($5.91M), Cyanides ($3M), and Integrated Circuits ($431k). Over the past 5 years the exports of Chinese Taipei to Burkina Faso have decreased at an annualized rate of 0.71%, from $12.5M in 2017 to $12M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Burkina Faso exported $1.18k to Chinese Taipei. The main products exported from Burkina Faso to Chinese Taipei were Other Pure Vegetable Oils ($1.18k). During the last 5 years the exports of Burkina Faso to Chinese Taipei have decreased at an annualized rate of 72.2%, from $704k in 2017 to $1.18k in 2022.

In 2017, Chinese Taipei exported $12M to Burkina Faso. The main products exported from Chinese Taipei to Burkina Faso were Refined Petroleum ($5.91M), Cyanides ($3M), and Integrated Circuits ($431k). During the last 5 years the exports of Chinese Taipei to Burkina Faso have decreased at an annualized rate of 0.71%, from $12.5M in 2022 to $12M in 2017.

Exports from Burkina Faso () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Burkina Faso () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6.08B

Chinese Taipei
Top DestinationChina$121B

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

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

In 2022, countries that imported more from Chinese Taipei than Burkina Faso included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Burkina Faso () (2022)

Comparative Advantage Burkina Faso - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Burkina Faso had a large net trade with Chinese Taipei in the exports of Animal and Vegetable Bi-Products ($1.18k).

During 2017, Chinese Taipei had a large net trade with Burkina Faso in the exports of Mineral Products ($5.91M), Chemical Products ($3.02M), and Machines ($1.56M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Burkina Faso and Chinese Taipei. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Chinese Taipei. Similarly, a dot/product with the flag of Chinese Taipei indicates it has a comparative advantage over Burkina Faso.

About

Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Burkina Faso () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Burkina Faso () (2022)

Comparative Advantage Burkina Faso - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and Chinese Taipei () (2022)

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