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2023
Flag → Flag
Exports $79.6MRnk 120 / 220
2023
Flag → Flag
Top Product $17MSoups and Broths
2023
Flag → Flag
Exports $2.81MRnk 32 / 125
2023
Flag → Flag
Top Product $1.33MTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Spain-Burkina Faso Trade: In 2023, Spain exported $79.6M to Burkina Faso. The main products that Spain exported to Burkina Faso were Soups and Broths ($17M), Petroleum Coke ($5.99M), and Flavored Water ($5.75M). Over the past 5 years the exports of Spain to Burkina Faso have decreased at an annualized rate of 1.51%, from $85.9M in 2018 to $79.6M in 2023.

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

Burkina Faso-Spain Trade: In 2023, Burkina Faso exported $2.81M to Spain. The main products that Burkina Faso exported to Spain were Tropical Fruits ($1.33M), Cassava ($464k), and Other Oily Seeds ($431k). Over the past 5 years the exports of Burkina Faso to Spain have decreased at an annualized rate of 48.9%,  from $81M in 2018 to $2.81M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). 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, Spain exported €6.04M and imported €294k from Burkina Faso, resulting in a positive trade balance of €5.74M. Between November 2023 and November 2024 the exports of Spain have increased by €1.61M (36.5%) from €4.42M to €6.04M, while imports decreased by €-3.28k (-1.1%) from €298k to €294k.

Trade In November 2024, the top exports of Spain to Burkina Faso were Soups and Broths (€861k), Large Iron Containers (€565k), Glass Bottles (€399k), Flavored Water (€344k), and Commodities not elsewhere specified (€93.7k). In November 2024 the top imports of Spain from Burkina Faso were Heavy Pure Woven Cotton (€8.08k), Collector's Items (€469), Tropical Fruits (€333), Antifreeze (€121), and Commodities not elsewhere specified (€13.4).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€2.34M), Vizcaya (€1.76M), Valladolid (€469k), Madrid (€320k), and Sevilla (€184k), while imports destinations were mainly Valencia (€212k), Barcelona (€81.3k), and Baleares (€677).

Growth In November 2024, the increase in Spain's year-by-year exports to Burkina Faso was explained primarily by an increase in product exports in Soups and Broths (€860k or 185k%), Glass Bottles (€277k or 227%), and Flavored Water (€141k or 69.2%). In November 2024, the decrease in Spain's year-by-year imports  from Burkina Faso was explained primarily by an decrease in product imports  in Tropical Fruits (€-47.4k or -99.3%), Commodities not elsewhere specified (€-3.8k or -99.6%), and Antifreeze (€-632 or -84%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€1.61M(36.5%)
IMPORT GROWTH (November 2023 - November 2024)€-3.28k(-1.1%)
MAIN EXPORTER (November 2024)Barcelona€2.34M

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

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

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $79.6M to Burkina Faso. The main products exported from Spain to Burkina Faso were Soups and Broths ($17M), Petroleum Coke ($5.99M), and Flavored Water ($5.75M). During the last 5 years the exports of Spain to Burkina Faso have decreased at an annualized rate of 1.51%, from $85.9M in 2018 to $79.6M in 2023.

In 2018, Burkina Faso exported $2.81M to Spain. The main products exported from Burkina Faso to Spain were Tropical Fruits ($1.33M), Cassava ($464k), and Other Oily Seeds ($431k). During the last 5 years the exports of Burkina Faso to Spain have decreased at an annualized rate of 48.9%, from $81M in 2023 to $2.81M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Spain than Burkina Faso included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Burkina Faso than Spain included Mali ($268M), Uganda ($109M), and Niger ($24.6M).

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

Comparative Advantage Spain - Burkina Faso

Flow
Scale

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

During 2023, Spain had a large net trade with Burkina Faso in the exports of Foodstuffs ($26.5M), Chemical Products ($16.2M), and Mineral Products ($12.1M).

During 2018, Burkina Faso had a large net trade with Spain in the exports of Vegetable Products ($2.35M), Mineral Products ($143k), and Textiles ($138k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Burkina Faso+$2.13MRefined Petroleum
Top Product Potential Burkina Faso Spain+$1.86MTropical Fruits

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

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

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