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2023
Flag → Flag
Exports $77.9MRnk 126 / 219
2023
Flag → Flag
Top Product $13.3MRefined Petroleum
2023
Flag → Flag
Exports $23.3MRnk 20 / 125
2023
Flag → Flag
Top Product $20.5MGold
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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 $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Italy-Burkina Faso Trade: In 2023, Italy exported $77.9M to Burkina Faso. The main products that Italy exported to Burkina Faso were Refined Petroleum ($13.3M), Used Clothing ($5.69M), and Processed Tomatoes ($5.3M). Over the past 5 years the exports of Italy to Burkina Faso have decreased at an annualized rate of 4.63%, from $98.7M in 2018 to $77.9M in 2023.

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

Burkina Faso-Italy Trade: In 2023, Burkina Faso exported $23.3M to Italy. The main products that Burkina Faso exported to Italy were Gold ($20.5M), Coconuts, Brazil Nuts, and Cashews ($908k), and Soybeans ($360k). Over the past 5 years the exports of Burkina Faso to Italy have increased at an annualized rate of 2.12%,  from $21M in 2018 to $23.3M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Burkina Faso, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Burkina Faso were N/A. In N/A the top imports of Italy from Burkina Faso were .

Growth In N/A, the N/A in Italy's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Burkina Faso was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Burkina Faso and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $77.9M to Burkina Faso. The main products exported from Italy to Burkina Faso were Refined Petroleum ($13.3M), Used Clothing ($5.69M), and Processed Tomatoes ($5.3M). During the last 5 years the exports of Italy to Burkina Faso have decreased at an annualized rate of 4.63%, from $98.7M in 2018 to $77.9M in 2023.

In 2018, Burkina Faso exported $23.3M to Italy. The main products exported from Burkina Faso to Italy were Gold ($20.5M), Coconuts, Brazil Nuts, and Cashews ($908k), and Soybeans ($360k). During the last 5 years the exports of Burkina Faso to Italy have increased at an annualized rate of 2.12%, from $21M in 2023 to $23.3M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Italy than Burkina Faso included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Burkina Faso than Italy included Mali ($268M), Uganda ($109M), and Niger ($24.6M).

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

Comparative Advantage Italy - Burkina Faso

Flow
Scale

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

During 2023, Italy had a large net trade with Burkina Faso in the exports of Machines ($17.7M), Mineral Products ($13.5M), and Foodstuffs ($11.5M).

During 2018, Burkina Faso had a large net trade with Italy in the exports of Precious Metals ($20.5M), Vegetable Products ($1.56M), and Animal Hides ($597k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Burkina Faso+$2.55MPackaged Medicaments
Top Product Potential Burkina Faso Italy+$46MGold

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

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

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