Gambia (GMB) and Burkina Faso (BFA) Trade | The Observatory of Economic Complexity

About

Gambia-Burkina Faso Trade: In 2023, Gambia exported $117k to Burkina Faso. The main products that Gambia exported to Burkina Faso were Non-fillet Frozen Fish ($71.4k), Refined Petroleum ($38.6k), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($6.92k). Over the past 8 years the exports of Gambia to Burkina Faso have increased at an annualized rate of 93.4%, from $600 in 2015 to $117k in 2023.

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

Burkina Faso-Gambia Trade: In 2023, Burkina Faso exported $17k to Gambia. The main products that Burkina Faso exported to Gambia were Oscilloscopes ($17k). Over the past 8 years the exports of Burkina Faso to Gambia have decreased at an annualized rate of 12%, from $251k in 2015 to $17k in 2023.

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

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Gambia exported $117k to Burkina Faso. The main products exported from Gambia to Burkina Faso were Non-fillet Frozen Fish ($71.4k), Refined Petroleum ($38.6k), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($6.92k). During the last 8 years the exports of Gambia to Burkina Faso have increased at an annualized rate of 93.4%, from $600 in 2015 to $117k in 2023.

In 2018, Burkina Faso exported $17k to Gambia. The main products exported from Burkina Faso to Gambia were Oscilloscopes ($17k). During the last 5 years the exports of Burkina Faso to Gambia have decreased at an annualized rate of 12%, from $251k in 2023 to $17k in 2018.

Exports from Gambia () to Burkina Faso () (2023)

Exports from Burkina Faso () to Gambia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Gambia than Burkina Faso included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Greece ($25.2M).

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

Difference in imports from Burkina Faso () and Gambia () (2023)

Comparative Advantage Gambia - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gambia had a large net trade with Burkina Faso in the exports of Animal Products ($71.4k), Mineral Products ($38.6k), and Textiles ($6.92k).

During 2018, Burkina Faso had a large net trade with Gambia in the exports of Instruments ($17k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Burkina Faso+$47.5kNon-fillet Frozen Fish

Top Product Potential Burkina Faso Gambia+$1.57kCement

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Burkina Faso () (2023)

Exports from Burkina Faso () to Gambia () (2023)

Market Competitiveness

Difference in imports from Burkina Faso () and Gambia () (2023)

Comparative Advantage Gambia - Burkina Faso

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Gambia () and Burkina Faso () (2023)

Keep Exploring