Laos (LAO) and Burkina Faso (BFA) Trade | The Observatory of Economic Complexity

About

Laos-Burkina Faso Trade: In 2023, Laos exported $36.9k to Burkina Faso. The main products that Laos exported to Burkina Faso were Broadcasting Equipment ($15.4k), Video Displays ($10k), and Video Recording Equipment ($7.07k). Over the past 5 years the exports of Laos to Burkina Faso have decreased at an annualized rate of 11.7%, from $68.5k in 2018 to $36.9k in 2023.

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

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

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

Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $36.9k to Burkina Faso. The main products exported from Laos to Burkina Faso were Broadcasting Equipment ($15.4k), Video Displays ($10k), and Video Recording Equipment ($7.07k). During the last 5 years the exports of Laos to Burkina Faso have decreased at an annualized rate of 11.7%, from $68.5k in 2018 to $36.9k in 2023.

Burkina Faso does not register exports to Laos.

Exports from Laos () to Burkina Faso () (2023)

Exports from Burkina Faso () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Laos than Burkina Faso included China ($3.41B), Thailand ($2.99B), and Australia ($367M).

In 2023, countries that imported more from Burkina Faso than Laos included Switzerland ($6B), United Arab Emirates ($815M), and Mali ($268M).

Difference in imports from Burkina Faso () and Laos () (2023)

Comparative Advantage Laos - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Burkina Faso in the exports of Machines ($33.8k), Textiles ($2.77k), and Metals ($269).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Burkina Faso+$81.4kTelephones

Top Product Potential Burkina Faso Laos+$4.46kGold

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Burkina Faso () (2023)

Exports from Burkina Faso () to Laos () (2023)

Market Competitiveness

Difference in imports from Burkina Faso () and Laos () (2023)

Comparative Advantage Laos - Burkina Faso

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Laos () and Burkina Faso () (2023)

Keep Exploring