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2022
Flag → Flag
Exports $285MRnk 11 / 133
2022
Flag → Flag
Top Product $102MRefined Petroleum
2022
Flag → Flag
Exports $53MRnk 10 / 131
2022
Flag → Flag
Top Product $22.2MOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Ghana-Burkina Faso Trade: In 2022, Ghana exported $285M to Burkina Faso. The main products that Ghana exported to Burkina Faso were Refined Petroleum ($102M), Electricity ($25.3M), and Petroleum Gas ($20M). Over the past 5 years the exports of Ghana to Burkina Faso have decreased at an annualized rate of 3.69%, from $345M in 2017 to $285M in 2022.

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

Burkina Faso-Ghana Trade: In 2022, Burkina Faso exported $53M to Ghana. The main products that Burkina Faso exported to Ghana were Other Oily Seeds ($22.2M), Coconuts, Brazil Nuts, and Cashews ($6.73M), and Large Construction Vehicles ($5.24M). Over the past 5 years the exports of Burkina Faso to Ghana have increased at an annualized rate of 1.78%,  from $48.5M in 2017 to $53M in 2022.

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

Comparison: In 2022,  Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). 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, Ghana exported $285M to Burkina Faso. The main products exported from Ghana to Burkina Faso were Refined Petroleum ($102M), Electricity ($25.3M), and Petroleum Gas ($20M). During the last 5 years the exports of Ghana to Burkina Faso have decreased at an annualized rate of 3.69%, from $345M in 2017 to $285M in 2022.

In 2017, Burkina Faso exported $53M to Ghana. The main products exported from Burkina Faso to Ghana were Other Oily Seeds ($22.2M), Coconuts, Brazil Nuts, and Cashews ($6.73M), and Large Construction Vehicles ($5.24M). During the last 5 years the exports of Burkina Faso to Ghana have increased at an annualized rate of 1.78%, from $48.5M in 2022 to $53M in 2017.

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

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

Latest Data

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

Ghana Exports

Burkina Faso Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Ghana than Burkina Faso included United Arab Emirates ($4.72B), United States ($2.83B), and China ($2.01B).

In 2022, countries that imported more from Burkina Faso than Ghana included Switzerland ($6.08B), Mali ($304M), and Singapore ($173M).

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

Comparative Advantage Ghana - Burkina Faso

Flow
Scale

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

During 2022, Ghana had a large net trade with Burkina Faso in the exports of Mineral Products ($170M), Chemical Products ($26.6M), and Metals ($25.1M).

During 2017, Burkina Faso had a large net trade with Ghana in the exports of Vegetable Products ($33M), Machines ($8.16M), and Transportation ($3.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana Burkina Faso+$127kMalt Extract
Top Product Potential Burkina Faso Ghana+$974kDelivery Trucks

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

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

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