2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH
50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC
$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH
13.5%CURRENT US$
Rnk 102 / 186

About

Chile-Burkina Faso Trade: In 2022, Chile exported $37.6M to Burkina Faso. The main products that Chile exported to Burkina Faso were Non-fillet Frozen Fish ($37M), Sowing Seeds ($313k), and Petroleum Gas ($68.6k). Over the past 5 years the exports of Chile to Burkina Faso have increased at an annualized rate of 68.1%, from $2.8M in 2017 to $37.6M in 2022.

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

Burkina Faso-Chile Trade: In 2022, Burkina Faso exported $142k to Chile. The main products that Burkina Faso exported to Chile were Excavation Machinery ($112k), Interchangeable Tool Parts ($18.1k), and Other Engines ($12.1k). Over the past 5 years the exports of Burkina Faso to Chile have increased at an annualized rate of 182%,  from $797 in 2017 to $142k in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $37.6M to Burkina Faso. The main products exported from Chile to Burkina Faso were Non-fillet Frozen Fish ($37M), Sowing Seeds ($313k), and Petroleum Gas ($68.6k). During the last 5 years the exports of Chile to Burkina Faso have increased at an annualized rate of 68.1%, from $2.8M in 2017 to $37.6M in 2022.

In 2017, Burkina Faso exported $142k to Chile. The main products exported from Burkina Faso to Chile were Excavation Machinery ($112k), Interchangeable Tool Parts ($18.1k), and Other Engines ($12.1k). During the last 5 years the exports of Burkina Faso to Chile have increased at an annualized rate of 182%, from $797 in 2022 to $142k in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Burkina Faso
Top Destination
Switzerland$6.08B

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

In 2022, countries that imported more from Chile than Burkina Faso included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

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

Comparative Advantage Chile - Burkina Faso

Flow
Scale

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

During 2022, Chile had a large net trade with Burkina Faso in the exports of Animal Products ($37M), Vegetable Products ($313k), and Machines ($119k).

During 2017, Burkina Faso had a large net trade with Chile in the exports of Machines ($124k) and Metals ($18.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Burkina Faso+$159kPetroleum Gas
Top Product Potential Burkina Faso Chile+$194kExcavation Machinery

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

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

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