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Pricing

2022
Flag → Flag
Exports $1.45MRnk 101 / 162
2022
Flag → Flag
Top Product $1.45MRaw Sugar
2022
Flag → Flag
Exports $4.32kRnk 60 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 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 $5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Guatemala-Burkina Faso Trade: In 2022, Guatemala exported $1.45M to Burkina Faso. The main products that Guatemala exported to Burkina Faso were Raw Sugar ($1.45M). Over the past 5 years the exports of Guatemala to Burkina Faso have decreased at an annualized rate of 29.1%, from $8.13M in 2017 to $1.45M in 2022.

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

Burkina Faso-Guatemala Trade: In 2022, Burkina Faso exported $4.32k to Guatemala. The main products that Burkina Faso exported to Guatemala were N/A. Over the past 5 years the exports of Burkina Faso to Guatemala have increased at an annualized rate of 32.1%,  from $1.08k in 2017 to $4.32k in 2022.

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

Comparison: In 2022,  Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). 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, Guatemala exported $1.45M to Burkina Faso. The main products exported from Guatemala to Burkina Faso were Raw Sugar ($1.45M). During the last 5 years the exports of Guatemala to Burkina Faso have decreased at an annualized rate of 29.1%, from $8.13M in 2017 to $1.45M in 2022.

In 2016, Burkina Faso exported $4.32k to Guatemala. There were not main exports from Burkina Faso to Guatemala in 2016. During the last 5 years the exports of Burkina Faso to Guatemala have increased at an annualized rate of 32.1%, from $1.08k in 2021 to $4.32k in 2016.

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

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

Latest Data

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

Guatemala Exports

Date

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Guatemala than Burkina Faso included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Burkina Faso than Guatemala included Switzerland ($6.08B), United Arab Emirates ($538M), and Mali ($304M).

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

Comparative Advantage Guatemala - Burkina Faso

Flow
Scale

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

During 2022, Guatemala had a large net trade with Burkina Faso in the exports of Foodstuffs ($1.45M).

During 2016, Burkina Faso had a large net trade with Guatemala in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Burkina Faso+$425kRaw Sugar
Top Product Potential Burkina Faso Guatemala+$2.96kRefined Petroleum

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

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

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