2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH
50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH
13.5%CURRENT US$
Rnk 102 / 186

About

Ireland-Burkina Faso Trade: In 2022, Ireland exported $17.4M to Burkina Faso. The main products that Ireland exported to Burkina Faso were Malt Extract ($8.3M), Concentrated Milk ($4.9M), and Other Edible Preparations ($1.34M). Over the past 5 years the exports of Ireland to Burkina Faso have increased at an annualized rate of 5.02%, from $13.6M in 2017 to $17.4M in 2022.

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

Burkina Faso-Ireland Trade: In 2022, Burkina Faso exported $266k to Ireland. The main products that Burkina Faso exported to Ireland were Tropical Fruits ($210k), Other Furniture ($35.7k), and Ball Bearings ($5.33k). Over the past 5 years the exports of Burkina Faso to Ireland have increased at an annualized rate of 14.4%,  from $136k in 2017 to $266k in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $17.4M to Burkina Faso. The main products exported from Ireland to Burkina Faso were Malt Extract ($8.3M), Concentrated Milk ($4.9M), and Other Edible Preparations ($1.34M). During the last 5 years the exports of Ireland to Burkina Faso have increased at an annualized rate of 5.02%, from $13.6M in 2017 to $17.4M in 2022.

In 2017, Burkina Faso exported $266k to Ireland. The main products exported from Burkina Faso to Ireland were Tropical Fruits ($210k), Other Furniture ($35.7k), and Ball Bearings ($5.33k). During the last 5 years the exports of Burkina Faso to Ireland have increased at an annualized rate of 14.4%, from $136k in 2022 to $266k in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Burkina Faso
Top Destination
Switzerland$6.08B

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

In 2022, countries that imported more from Ireland than Burkina Faso included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Burkina Faso than Ireland included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

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

Comparative Advantage Ireland - Burkina Faso

Flow
Scale

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

During 2022, Ireland had a large net trade with Burkina Faso in the exports of Foodstuffs ($9.64M), Animal Products ($4.91M), and Chemical Products ($1.64M).

During 2017, Burkina Faso had a large net trade with Ireland in the exports of Vegetable Products ($218k), Miscellaneous ($35.7k), and Machines ($6.88k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Burkina Faso+$1.18MPackaged Medicaments
Top Product Potential Burkina Faso Ireland+$211kTropical Fruits

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

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

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