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Pricing

2022
Flag → Flag
Exports $1.93kRnk 110 / 131
2022
Flag → Flag
Top Product $1.84kOther Pure Vegetable Oils
2022
Flag → Flag
Exports $965kRnk 116 / 168
2022
Flag → Flag
Top Product $681kConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 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$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Burkina Faso-Uruguay Trade: In 2022, Burkina Faso exported $1.93k to Uruguay. The main products that Burkina Faso exported to Uruguay were Other Pure Vegetable Oils ($1.84k) and Felt or Coated Fabric Garments ($86). Over the past 7 years the exports of Burkina Faso to Uruguay have decreased at an annualized rate of 5.46%, from $2.86k in 2015 to $1.93k in 2022.

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

Uruguay-Burkina Faso Trade: In 2022, Uruguay exported $965k to Burkina Faso. The main products that Uruguay exported to Burkina Faso were Concentrated Milk ($681k), Chocolate ($193k), and Malt Extract ($91.3k). Over the past 7 years the exports of Uruguay to Burkina Faso have decreased at an annualized rate of 17.2%,  from $2.48M in 2015 to $965k in 2022.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $1.93k to Uruguay. The main products exported from Burkina Faso to Uruguay were Other Pure Vegetable Oils ($1.84k) and Felt or Coated Fabric Garments ($86). During the last 7 years the exports of Burkina Faso to Uruguay have decreased at an annualized rate of 5.46%, from $2.86k in 2015 to $1.93k in 2022.

In 2017, Uruguay exported $965k to Burkina Faso. The main products exported from Uruguay to Burkina Faso were Concentrated Milk ($681k), Chocolate ($193k), and Malt Extract ($91.3k). During the last 5 years the exports of Uruguay to Burkina Faso have decreased at an annualized rate of 17.2%, from $2.48M in 2022 to $965k in 2017.

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

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

Latest Data

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

Uruguay Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Burkina Faso than Uruguay included Switzerland ($6.08B), United Arab Emirates ($538M), and Mali ($304M).

In 2022, countries that imported more from Uruguay than Burkina Faso included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

Comparative Advantage Burkina Faso - Uruguay

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Uruguay in the exports of Animal and Vegetable Bi-Products ($1.84k) and Textiles ($86).

During 2017, Uruguay had a large net trade with Burkina Faso in the exports of Animal Products ($681k) and Foodstuffs ($284k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Uruguay+$9.01kOther Pure Vegetable Oils
Top Product Potential Uruguay Burkina Faso+$270kConcentrated Milk

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

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

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