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Pricing

2022
Flag → Flag
Exports $1.26MRnk 77 / 127
2022
Flag → Flag
Top Product $1.16MRefined Petroleum
2022
Flag → Flag
Exports $17.9MRnk 16 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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 $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Iran-Burkina Faso Trade: In 2022, Iran exported $1.26M to Burkina Faso. The main products that Iran exported to Burkina Faso were Refined Petroleum ($1.16M), Other Furniture ($25.6k), and Concentrated Milk ($24.8k). Over the past 5 years the exports of Iran to Burkina Faso have increased at an annualized rate of 11.7%, from $725k in 2017 to $1.26M in 2022.

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

Burkina Faso-Iran In N/A, Burkina Faso did not export any products to Iran.

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

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $1.26M to Burkina Faso. The main products exported from Iran to Burkina Faso were Refined Petroleum ($1.16M), Other Furniture ($25.6k), and Concentrated Milk ($24.8k). During the last 5 years the exports of Iran to Burkina Faso have increased at an annualized rate of 11.7%, from $725k in 2017 to $1.26M in 2022.

Burkina Faso does not register exports to Iran.

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

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

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Iran than Burkina Faso included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2022, countries that imported more from Burkina Faso than Iran included Switzerland ($6.08B), Mali ($304M), and Singapore ($173M).

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

Comparative Advantage Iran - Burkina Faso

Flow
Scale

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

During 2022, Iran had a large net trade with Burkina Faso in the exports of Mineral Products ($1.16M), Miscellaneous ($25.6k), and Animal Products ($24.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Burkina Faso+$950kRefined Petroleum
Top Product Potential Burkina Faso Iran+$3.66kSoybeans

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

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

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