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2023
Flag → Flag
Exports $1.07MRnk 145 / 200
2023
Flag → Flag
Top Product $555kDetonating Fuses
2023
Flag → Flag
Exports $108kRnk 71 / 125
2023
Flag → Flag
Top Product $90.9kOther Oily Seeds
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Bulgaria-Burkina Faso Trade: In 2023, Bulgaria exported $1.07M to Burkina Faso. The main products that Bulgaria exported to Burkina Faso were Detonating Fuses ($555k), Vaccines, blood, antisera, toxins and cultures ($112k), and Electric Batteries ($73.4k). Over the past 5 years the exports of Bulgaria to Burkina Faso have decreased at an annualized rate of 27%, from $5.16M in 2018 to $1.07M in 2023.

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

Burkina Faso-Bulgaria Trade: In 2023, Burkina Faso exported $108k to Bulgaria. The main products that Burkina Faso exported to Bulgaria were Other Oily Seeds ($90.9k), Tropical Fruits ($16.5k), and Other Vegetable Oils ($98). Over the past 5 years the exports of Burkina Faso to Bulgaria have increased at an annualized rate of 236%,  from $250 in 2018 to $108k in 2023.

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

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $1.07M to Burkina Faso. The main products exported from Bulgaria to Burkina Faso were Detonating Fuses ($555k), Vaccines, blood, antisera, toxins and cultures ($112k), and Electric Batteries ($73.4k). During the last 5 years the exports of Bulgaria to Burkina Faso have decreased at an annualized rate of 27%, from $5.16M in 2018 to $1.07M in 2023.

In 2018, Burkina Faso exported $108k to Bulgaria. The main products exported from Burkina Faso to Bulgaria were Other Oily Seeds ($90.9k), Tropical Fruits ($16.5k), and Other Vegetable Oils ($98). During the last 5 years the exports of Burkina Faso to Bulgaria have increased at an annualized rate of 236%, from $250 in 2023 to $108k in 2018.

Exports from Bulgaria (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Bulgaria (Flag) (2023)

Latest Data

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

Bulgaria Exports

Burkina Faso Exports

Date

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Bulgaria than Burkina Faso included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

In 2023, countries that imported more from Burkina Faso than Bulgaria included Switzerland ($6B), United Arab Emirates ($815M), and Mali ($268M).

Difference in imports from Burkina Faso (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Burkina Faso

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Burkina Faso in the exports of Chemical Products ($683k), Machines ($199k), and Transportation ($65k).

During 2018, Burkina Faso had a large net trade with Bulgaria in the exports of Vegetable Products ($107k) and Animal and Vegetable Bi-Products ($98).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Burkina Faso+$143kElectric Batteries
Top Product Potential Burkina Faso Bulgaria+$216kOther Oily Seeds

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

Product Space of Bulgaria (Flag) and Burkina Faso (Flag) (2023)

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