NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $263kRnk 45 / 109
2023
Flag → Flag
Top Product $179kPlastic Housewares
2023
Flag → Flag
Exports $18.4MRnk 21 / 125
2023
Flag → Flag
Top Product $7.54MDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 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 $1,541CURRENT US$
Rnk 166 / 195
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Guinea-Burkina Faso Trade: In 2023, Guinea exported $263k to Burkina Faso. The main products that Guinea exported to Burkina Faso were Plastic Housewares ($179k), Flavored Water ($28.9k), and Other Plastic Products ($17.6k). Over the past 5 years the exports of Guinea to Burkina Faso have increased at an annualized rate of 12.6%, from $145k in 2018 to $263k in 2023.

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

Burkina Faso-Guinea Trade: In 2023, Burkina Faso exported $18.4M to Guinea. The main products that Burkina Faso exported to Guinea were Delivery Trucks ($7.54M), Large Construction Vehicles ($2.91M), and Prepared Explosives ($2.54M). Over the past 5 years the exports of Burkina Faso to Guinea have increased at an annualized rate of 19.7%,  from $5.2M in 2018 to $18.4M in 2023.

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

Comparison: In 2023,  Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B). 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, Guinea exported $263k to Burkina Faso. The main products exported from Guinea to Burkina Faso were Plastic Housewares ($179k), Flavored Water ($28.9k), and Other Plastic Products ($17.6k). During the last 5 years the exports of Guinea to Burkina Faso have increased at an annualized rate of 12.6%, from $145k in 2018 to $263k in 2023.

In 2018, Burkina Faso exported $18.4M to Guinea. The main products exported from Burkina Faso to Guinea were Delivery Trucks ($7.54M), Large Construction Vehicles ($2.91M), and Prepared Explosives ($2.54M). During the last 5 years the exports of Burkina Faso to Guinea have increased at an annualized rate of 19.7%, from $5.2M in 2023 to $18.4M in 2018.

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

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

Latest Data

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

Burkina Faso Exports

Market Competitiveness

Color
Guinea
Top DestinationUnited Arab Emirates$9.05B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Guinea than Burkina Faso included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

In 2023, countries that imported more from Burkina Faso than Guinea included Switzerland ($6B), Mali ($268M), and Cote d'Ivoire ($136M).

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

Comparative Advantage Guinea - Burkina Faso

Flow
Scale

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

During 2023, Guinea had a large net trade with Burkina Faso in the exports of Plastics and Rubbers ($200k), Foodstuffs ($29.5k), and Machines ($14.2k).

During 2018, Burkina Faso had a large net trade with Guinea in the exports of Transportation ($8.27M), Machines ($5.34M), and Chemical Products ($2.57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea Burkina Faso+$133kRefined Petroleum
Top Product Potential Burkina Faso Guinea+$103kDelivery 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Guinea and Burkina Faso. This means that a dot/product with the flag of Guinea 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 Guinea.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms