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Pricing

2022
Flag → Flag
Exports $362kRnk 58 / 131
2022
Flag → Flag
Top Product $227kCoconuts, Brazil Nuts, and Cashews
2022
Flag → Flag
Exports $52.7MRnk 105 / 152
2022
Flag → Flag
Top Product $23.4MMotorcycles and cycles
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Burkina Faso-Vietnam Trade: In 2022, Burkina Faso exported $362k to Vietnam. The main products that Burkina Faso exported to Vietnam were Coconuts, Brazil Nuts, and Cashews ($227k), Prepared Cotton ($127k), and Cotton Waste ($4.46k). Over the past 5 years the exports of Burkina Faso to Vietnam have decreased at an annualized rate of 68.4%, from $114M in 2017 to $362k in 2022.

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

Vietnam-Burkina Faso Trade: In 2022, Vietnam exported $52.7M to Burkina Faso. The main products that Vietnam exported to Burkina Faso were Motorcycles and cycles ($23.4M), Bedspreads ($22.6M), and Hot-Rolled Iron Bars ($1.62M). Over the past 5 years the exports of Vietnam to Burkina Faso have increased at an annualized rate of 50.5%,  from $6.84M in 2017 to $52.7M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $362k to Vietnam. The main products exported from Burkina Faso to Vietnam were Coconuts, Brazil Nuts, and Cashews ($227k), Prepared Cotton ($127k), and Cotton Waste ($4.46k). During the last 5 years the exports of Burkina Faso to Vietnam have decreased at an annualized rate of 68.4%, from $114M in 2017 to $362k in 2022.

In 2017, Vietnam exported $52.7M to Burkina Faso. The main products exported from Vietnam to Burkina Faso were Motorcycles and cycles ($23.4M), Bedspreads ($22.6M), and Hot-Rolled Iron Bars ($1.62M). During the last 5 years the exports of Vietnam to Burkina Faso have increased at an annualized rate of 50.5%, from $6.84M in 2022 to $52.7M in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Burkina Faso included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Burkina Faso - Vietnam

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Vietnam in the exports of Vegetable Products ($227k), Textiles ($131k), and Animal and Vegetable Bi-Products ($4.19k).

During 2017, Vietnam had a large net trade with Burkina Faso in the exports of Transportation ($23.4M), Textiles ($22.7M), and Machines ($1.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Vietnam+$758kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Vietnam Burkina Faso+$865kRice

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

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

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