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2022
Flag → Flag
Exports $33.7kRnk 131 / 160
2022
Flag → Flag
Top Product $12.5kElectric Generating Sets
2022
Flag → Flag
Exports $299kRnk 64 / 131
2022
Flag → Flag
Top Product $166kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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 $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
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GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Iceland-Burkina Faso Trade: In 2022, Iceland exported $33.7k to Burkina Faso. The main products that Iceland exported to Burkina Faso were Electric Generating Sets ($12.5k), Packaged Medicaments ($10.2k), and Computers ($7.08k). Over the past 5 years the exports of Iceland to Burkina Faso have increased at an annualized rate of 27.7%, from $9.94k in 2017 to $33.7k in 2022.

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

Burkina Faso-Iceland Trade: In 2022, Burkina Faso exported $299k to Iceland. The main products that Burkina Faso exported to Iceland were Refined Petroleum ($166k), Tropical Fruits ($130k), and Other Fruits ($1.76k). Over the past 5 years the exports of Burkina Faso to Iceland have increased at an annualized rate of 13.2%,  from $86.7k in 2017 to $299k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $33.7k to Burkina Faso. The main products exported from Iceland to Burkina Faso were Electric Generating Sets ($12.5k), Packaged Medicaments ($10.2k), and Computers ($7.08k). During the last 5 years the exports of Iceland to Burkina Faso have increased at an annualized rate of 27.7%, from $9.94k in 2017 to $33.7k in 2022.

In 2017, Burkina Faso exported $299k to Iceland. The main products exported from Burkina Faso to Iceland were Refined Petroleum ($166k), Tropical Fruits ($130k), and Other Fruits ($1.76k). During the last 5 years the exports of Burkina Faso to Iceland have increased at an annualized rate of 13.2%, from $86.7k in 2022 to $299k in 2017.

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

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

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Iceland than Burkina Faso included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

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

Comparative Advantage Iceland - Burkina Faso

Flow
Scale

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

During 2022, Iceland had a large net trade with Burkina Faso in the exports of Machines ($19.6k), Chemical Products ($10.2k), and Miscellaneous ($3.58k).

During 2017, Burkina Faso had a large net trade with Iceland in the exports of Mineral Products ($166k), Vegetable Products ($132k), and Foodstuffs ($92).

Economic Complexity

Competitive Landscape

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

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

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