Burkina Faso (BFA) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Burkina Faso-Venezuela Trade: In 2014, Burkina Faso exported $46.9k to Venezuela. The main products that Burkina Faso exported to Venezuela were N/A. Over the past 11 years the exports of Burkina Faso to Venezuela have decreased at an annualized rate of 34.6%, from $5.01M in 2003 to $46.9k in 2014.

In 2014, Burkina Faso did not export any services to Venezuela.

Venezuela-Burkina Faso Trade: In 2014, Venezuela exported $19.4k to Burkina Faso. The main products that Venezuela exported to Burkina Faso were Other Rubber Products ($8.97k), Trailers and semi-trailers, not mechanically propelled vehicles ($5.9k), and Delivery Trucks ($4.55k). Over the past 11 years the exports of Venezuela to Burkina Faso have decreased at an annualized rate of 58.7%, from $1.61M in 2003 to $19.4k in 2014.

In 2014, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2014, Burkina Faso exported $46.9k to Venezuela. There were not main exports from Burkina Faso to Venezuela in 2014. During the last 11 years the exports of Burkina Faso to Venezuela have decreased at an annualized rate of 34.6%, from $5.01M in 2003 to $46.9k in 2014.

In 2017, Venezuela exported $19.4k to Burkina Faso. The main products exported from Venezuela to Burkina Faso were Other Rubber Products ($8.97k), Trailers and semi-trailers, not mechanically propelled vehicles ($5.9k), and Delivery Trucks ($4.55k). During the last 5 years the exports of Venezuela to Burkina Faso have decreased at an annualized rate of 58.7%, from $1.61M in 2022 to $19.4k in 2017.

Exports from Burkina Faso () to Venezuela () (2022)

Exports from Venezuela () to Burkina Faso () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6.08B

Venezuela
Top DestinationChina$703M

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

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

In 2022, countries that imported more from Venezuela than Burkina Faso included China ($703M), Turkey ($597M), and Spain ($518M).

Difference in imports from Venezuela () and Burkina Faso () (2022)

Comparative Advantage Burkina Faso - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2014, Burkina Faso had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Burkina Faso in the exports of Transportation ($10.4k) and Plastics and Rubbers ($8.97k).

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

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Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to Venezuela () (2022)

Exports from Venezuela () to Burkina Faso () (2022)

Market Competitiveness

Difference in imports from Venezuela () and Burkina Faso () (2022)

Comparative Advantage Burkina Faso - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and Venezuela () (2022)

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