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Pricing

2023
Flag → Flag
Exports $23.5MRnk 129 / 215
2023
Flag → Flag
Top Product $5.29MCars
2023
Flag → Flag
Exports $4.22MRnk 28 / 125
2023
Flag → Flag
Top Product $1.59MRaw Cotton
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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 $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Canada-Burkina Faso Trade: In 2023, Canada exported $23.5M to Burkina Faso. The main products that Canada exported to Burkina Faso were Cars ($5.29M), Malt ($2.18M), and Stone Processing Machines ($1.38M). Over the past 5 years the exports of Canada to Burkina Faso have decreased at an annualized rate of 7.82%, from $35.3M in 2018 to $23.5M in 2023.

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

Burkina Faso-Canada Trade: In 2023, Burkina Faso exported $4.22M to Canada. The main products that Burkina Faso exported to Canada were Raw Cotton ($1.59M), Soybeans ($843k), and Excavation Machinery ($395k). Over the past 5 years the exports of Burkina Faso to Canada have decreased at an annualized rate of 30.6%,  from $26.2M in 2018 to $4.22M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$1.73M and imported C$68.5k from Burkina Faso, resulting in a positive trade balance of C$1.67M. Between November 2023 and November 2024 the exports of Canada have increased by C$53.2k (3.16%) from C$1.68M to C$1.73M, while imports decreased by C$-85.3k (-55.5%) from C$154k to C$68.5k.

Trade In November 2024, the top exports of Canada to Burkina Faso were Rubberworking Machinery (C$1.5M), Cars (C$448k), Interchangeable Tool Parts (C$141k), Commodities not elsewhere specified (C$87.2k), and Excavation Machinery (C$59.5k). In November 2024 the top imports of Canada from Burkina Faso were Trunks and Cases (C$29.8k), Perfume Plants (C$17.7k), Other Processed Fruits and Nuts (C$7.8k), Other Cloth Articles (C$5.81k), and Other Mineral (C$8).

Origins In November 2024 the exports of Canada were mainly from Quebec (C$895k), Prince Edward Is. (C$735k), British Columbia (C$53.5k), Nova Scotia (C$37.3k), and Ontario (C$13.7k), while imports destinations were mainly Ontario (C$48.7k), Manitoba (C$18.7k), Quebec (C$1.12k), and Alberta (C$1).

Growth In November 2024, the increase in Canada's year-by-year exports to Burkina Faso was explained primarily by an increase in product exports in Interchangeable Tool Parts (C$70.7k or 100%), Commodities not elsewhere specified (C$55.1k or 172%), and Centrifuges (C$1.1k or 19.6%). In November 2024, the decrease in Canada's year-by-year imports  from Burkina Faso was explained primarily by an decrease in product imports  in Other Pure Vegetable Oils (C$-19.3k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$53.2k(3.16%)
IMPORT GROWTH (November 2023 - November 2024)C$-85.3k(-55.5%)
MAIN EXPORTER (November 2024)QuebecC$895k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Burkina Faso and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $23.5M to Burkina Faso. The main products exported from Canada to Burkina Faso were Cars ($5.29M), Malt ($2.18M), and Stone Processing Machines ($1.38M). During the last 5 years the exports of Canada to Burkina Faso have decreased at an annualized rate of 7.82%, from $35.3M in 2018 to $23.5M in 2023.

In 2018, Burkina Faso exported $4.22M to Canada. The main products exported from Burkina Faso to Canada were Raw Cotton ($1.59M), Soybeans ($843k), and Excavation Machinery ($395k). During the last 5 years the exports of Burkina Faso to Canada have decreased at an annualized rate of 30.6%, from $26.2M in 2023 to $4.22M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Canada than Burkina Faso included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Burkina Faso than Canada included Mali ($268M), Uganda ($109M), and Togo ($114M).

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

Comparative Advantage Canada - Burkina Faso

Flow
Scale

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

During 2023, Canada had a large net trade with Burkina Faso in the exports of Machines ($8.54M), Transportation ($6.1M), and Metals ($2.75M).

During 2018, Burkina Faso had a large net trade with Canada in the exports of Textiles ($1.64M), Vegetable Products ($1.09M), and Machines ($849k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Burkina Faso+$4.79MCars
Top Product Potential Burkina Faso Canada+$545kInterchangeable Tool Parts

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 Canada and Burkina Faso. This means that a dot/product with the flag of Canada 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 Canada.

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

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