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2023
Flag → Flag
Exports $18.3MRnk 101 / 206
2023
Flag → Flag
Top Product $3.5MRefined Petroleum
2023
Flag → Flag
Exports $282kRnk 60 / 125
2023
Flag → Flag
Top Product $186kCoconuts, Brazil Nuts, and Cashews
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 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 $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Finland-Burkina Faso Trade: In 2023, Finland exported $18.3M to Burkina Faso. The main products that Finland exported to Burkina Faso were Refined Petroleum ($3.5M), Other Construction Vehicles ($2.64M), and Special Pharmaceuticals ($1.67M). Over the past 5 years the exports of Finland to Burkina Faso have increased at an annualized rate of 1.85%, from $16.7M in 2018 to $18.3M in 2023.

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

Burkina Faso-Finland Trade: In 2023, Burkina Faso exported $282k to Finland. The main products that Burkina Faso exported to Finland were Coconuts, Brazil Nuts, and Cashews ($186k), Knit Men's Undergarments ($41.8k), and Frozen Fruits and Nuts ($35.3k). Over the past 5 years the exports of Burkina Faso to Finland have increased at an annualized rate of 4.94%,  from $166k in 2018 to $282k in 2023.

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

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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, Finland exported $18.3M to Burkina Faso. The main products exported from Finland to Burkina Faso were Refined Petroleum ($3.5M), Other Construction Vehicles ($2.64M), and Special Pharmaceuticals ($1.67M). During the last 5 years the exports of Finland to Burkina Faso have increased at an annualized rate of 1.85%, from $16.7M in 2018 to $18.3M in 2023.

In 2018, Burkina Faso exported $282k to Finland. The main products exported from Burkina Faso to Finland were Coconuts, Brazil Nuts, and Cashews ($186k), Knit Men's Undergarments ($41.8k), and Frozen Fruits and Nuts ($35.3k). During the last 5 years the exports of Burkina Faso to Finland have increased at an annualized rate of 4.94%, from $166k in 2023 to $282k in 2018.

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

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

Latest Data

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

Finland Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Finland than Burkina Faso included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

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

Comparative Advantage Finland - Burkina Faso

Flow
Scale

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

During 2023, Finland had a large net trade with Burkina Faso in the exports of Machines ($9.23M), Mineral Products ($3.51M), and Metals ($2.28M).

During 2018, Burkina Faso had a large net trade with Finland in the exports of Vegetable Products ($240k), Textiles ($41.9k), and Animal and Vegetable Bi-Products ($4).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Burkina Faso+$650kTelephones
Top Product Potential Burkina Faso Finland+$224kCoconuts, Brazil Nuts, and Cashews

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

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

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