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Pricing

2023
Flag → Flag
Exports $1.04MRnk 41 / 125
2023
Flag → Flag
Top Product $336kQuaternary Ammonium Salts and Hydroxides
2023
Flag → Flag
Exports $59.1MRnk 88 / 211
2023
Flag → Flag
Top Product $6.59MHot-Rolled Iron Bars
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 195
2023
Flag
GDP PC $883CURRENT US$
Rnk 182 / 195
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195
2023
Flag
GDP PC$6,023CURRENT US$
Rnk 113 / 196
2013-2023
Flag
GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195

About

Burkina Faso-South Africa Trade: In 2023, Burkina Faso exported $1.04M to South Africa. The main products that Burkina Faso exported to South Africa were Quaternary Ammonium Salts and Hydroxides ($336k), Refined Petroleum ($250k), and Iron Fasteners ($158k). Over the past 5 years the exports of Burkina Faso to South Africa have decreased at an annualized rate of 9.43%, from $1.71M in 2018 to $1.04M in 2023.

In 2023, Burkina Faso did not export any services to South Africa.

South Africa-Burkina Faso Trade: In 2023, South Africa exported $59.1M to Burkina Faso. The main products that South Africa exported to Burkina Faso were Hot-Rolled Iron Bars ($6.59M), Cars ($5.47M), and Stone Processing Machines ($4.14M). Over the past 5 years the exports of South Africa to Burkina Faso have decreased at an annualized rate of 2.24%,  from $66.2M in 2018 to $59.1M in 2023.

In 2023, South Africa did not export any services to Burkina Faso.

Comparison: In 2023,  Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B). That same year, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Burkina Faso exported $1.04M to South Africa. The main products exported from Burkina Faso to South Africa were Quaternary Ammonium Salts and Hydroxides ($336k), Refined Petroleum ($250k), and Iron Fasteners ($158k). During the last 5 years the exports of Burkina Faso to South Africa have decreased at an annualized rate of 9.43%, from $1.71M in 2018 to $1.04M in 2023.

In 2018, South Africa exported $59.1M to Burkina Faso. The main products exported from South Africa to Burkina Faso were Hot-Rolled Iron Bars ($6.59M), Cars ($5.47M), and Stone Processing Machines ($4.14M). During the last 5 years the exports of South Africa to Burkina Faso have decreased at an annualized rate of 2.24%, from $66.2M in 2023 to $59.1M in 2018.

Exports from Burkina Faso (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Burkina Faso (Flag) (2023)

Latest Data

Trade between Burkina Faso (Flag) and South Africa (Flag)

Burkina Faso Exports

South Africa Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6B
South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from Burkina Faso than South Africa included Switzerland ($6B), Mali ($268M), and Togo ($114M).

In 2023, countries that imported more from South Africa than Burkina Faso included China ($29.5B), United States ($13B), and Germany ($10.8B).

Difference in imports from South Africa (Flag) and Burkina Faso (Flag) (2023)

Comparative Advantage Burkina Faso - South Africa

Flow
Scale

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

During 2023, Burkina Faso had a large net trade with South Africa in the exports of Chemical Products ($336k), Metals ($325k), and Mineral Products ($251k).

During 2018, South Africa had a large net trade with Burkina Faso in the exports of Machines ($20.8M), Metals ($9.66M), and Transportation ($7.34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso South Africa+$918kRefined Petroleum
Top Product Potential South Africa Burkina Faso+$2.77MCars

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

Product Space of Burkina Faso (Flag) and South Africa (Flag) (2023)

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