2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 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 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC
$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH
13.5%CURRENT US$
Rnk 102 / 186

About

North Macedonia-Burkina Faso Trade: In 2022, North Macedonia exported $6.99k to Burkina Faso. The main products that North Macedonia exported to Burkina Faso were Iron Springs ($3.46k), Iron Fasteners ($2.28k), and Insulated Wire ($1.26k). Over the past 5 years the exports of North Macedonia to Burkina Faso have decreased at an annualized rate of 33.7%, from $54.7k in 2017 to $6.99k in 2022.

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

Burkina Faso-North Macedonia Trade: In 2022, Burkina Faso exported $1.2k to North Macedonia. The main products that Burkina Faso exported to North Macedonia were Tropical Fruits ($1.15k), Other Women's Undergarments ($33), and Knit Active Wear ($21). Over the past 5 years the exports of Burkina Faso to North Macedonia have increased at an annualized rate of 24.6%,  from $400 in 2017 to $1.2k in 2022.

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

Comparison: In 2022,  North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). 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, North Macedonia exported $6.99k to Burkina Faso. The main products exported from North Macedonia to Burkina Faso were Iron Springs ($3.46k), Iron Fasteners ($2.28k), and Insulated Wire ($1.26k). During the last 5 years the exports of North Macedonia to Burkina Faso have decreased at an annualized rate of 33.7%, from $54.7k in 2017 to $6.99k in 2022.

In 2017, Burkina Faso exported $1.2k to North Macedonia. The main products exported from Burkina Faso to North Macedonia were Tropical Fruits ($1.15k), Other Women's Undergarments ($33), and Knit Active Wear ($21). During the last 5 years the exports of Burkina Faso to North Macedonia have increased at an annualized rate of 24.6%, from $400 in 2022 to $1.2k in 2017.

Exports from North Macedonia (Flag) to Burkina Faso (Flag) (2022)

Exports from Burkina Faso (Flag) to North Macedonia (Flag) (2022)

Latest Data

Trade between North Macedonia (Flag) and Burkina Faso (Flag)

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Burkina Faso
Top Destination
Switzerland$6.08B

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

In 2022, countries that imported more from North Macedonia than Burkina Faso included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Difference in imports from Burkina Faso (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Burkina Faso

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Burkina Faso in the exports of Metals ($5.73k) and Machines ($1.26k).

During 2017, Burkina Faso had a large net trade with North Macedonia in the exports of Vegetable Products ($1.15k) and Textiles ($54).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Burkina Faso+$11.1kInsulated Wire
Top Product Potential Burkina Faso North Macedonia+$4.62kTropical 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 North Macedonia and Burkina Faso. This means that a dot/product with the flag of North Macedonia 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 North Macedonia.

Product Space of North Macedonia (Flag) and Burkina Faso (Flag) (2022)

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