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Pricing

2023
Flag → Flag
Exports $2.2MRnk 136 / 201
2023
Flag → Flag
Top Product $533kOther Nitrogen Compounds
2023
Flag → Flag
Exports $272kRnk 61 / 125
2023
Flag → Flag
Top Product $166kBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 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 $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Hungary-Burkina Faso Trade: In 2023, Hungary exported $2.2M to Burkina Faso. The main products that Hungary exported to Burkina Faso were Other Nitrogen Compounds ($533k), Other Office Machines ($224k), and Cars ($168k). Over the past 5 years the exports of Hungary to Burkina Faso have decreased at an annualized rate of 25.6%, from $9.62M in 2018 to $2.2M in 2023.

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

Burkina Faso-Hungary Trade: In 2023, Burkina Faso exported $272k to Hungary. The main products that Burkina Faso exported to Hungary were Broadcasting Equipment ($166k), Integrated Circuits ($64.2k), and Telephones ($35k). Over the past 5 years the exports of Burkina Faso to Hungary have increased at an annualized rate of 67.3%,  from $20.7k in 2018 to $272k in 2023.

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

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). 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, Hungary exported $2.2M to Burkina Faso. The main products exported from Hungary to Burkina Faso were Other Nitrogen Compounds ($533k), Other Office Machines ($224k), and Cars ($168k). During the last 5 years the exports of Hungary to Burkina Faso have decreased at an annualized rate of 25.6%, from $9.62M in 2018 to $2.2M in 2023.

In 2018, Burkina Faso exported $272k to Hungary. The main products exported from Burkina Faso to Hungary were Broadcasting Equipment ($166k), Integrated Circuits ($64.2k), and Telephones ($35k). During the last 5 years the exports of Burkina Faso to Hungary have increased at an annualized rate of 67.3%, from $20.7k in 2023 to $272k in 2018.

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

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

Latest Data

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

Hungary Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Hungary than Burkina Faso included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

In 2023, countries that imported more from Burkina Faso than Hungary included Switzerland ($6B), Mali ($268M), and Togo ($114M).

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

Comparative Advantage Hungary - Burkina Faso

Flow
Scale

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

During 2023, Hungary had a large net trade with Burkina Faso in the exports of Machines ($754k), Chemical Products ($584k), and Transportation ($196k).

During 2018, Burkina Faso had a large net trade with Hungary in the exports of Machines ($272k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Burkina Faso+$1.33MCars
Top Product Potential Burkina Faso Hungary+$86.7kTelephones

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

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

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