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2022
Flag → Flag
Exports $22MRnk 59 / 166
2022
Flag → Flag
Top Product $6.26MPetroleum Gas
2022
Flag → Flag
Exports $403kRnk 57 / 131
2022
Flag → Flag
Top Product $179kNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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 $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Nigeria-Burkina Faso Trade: In 2022, Nigeria exported $22M to Burkina Faso. The main products that Nigeria exported to Burkina Faso were Petroleum Gas ($6.26M), Nitrogenous Fertilizers ($5.76M), and Rolled Tobacco ($2.38M). Over the past 5 years the exports of Nigeria to Burkina Faso have increased at an annualized rate of 14.3%, from $11.3M in 2017 to $22M in 2022.

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

Burkina Faso-Nigeria Trade: In 2022, Burkina Faso exported $403k to Nigeria. The main products that Burkina Faso exported to Nigeria were Non-fillet Frozen Fish ($179k), Refined Petroleum ($123k), and Interchangeable Tool Parts ($38.9k). Over the past 5 years the exports of Burkina Faso to Nigeria have increased at an annualized rate of 12.5%,  from $177k in 2017 to $403k in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). 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, Nigeria exported $22M to Burkina Faso. The main products exported from Nigeria to Burkina Faso were Petroleum Gas ($6.26M), Nitrogenous Fertilizers ($5.76M), and Rolled Tobacco ($2.38M). During the last 5 years the exports of Nigeria to Burkina Faso have increased at an annualized rate of 14.3%, from $11.3M in 2017 to $22M in 2022.

In 2017, Burkina Faso exported $403k to Nigeria. The main products exported from Burkina Faso to Nigeria were Non-fillet Frozen Fish ($179k), Refined Petroleum ($123k), and Interchangeable Tool Parts ($38.9k). During the last 5 years the exports of Burkina Faso to Nigeria have increased at an annualized rate of 12.5%, from $177k in 2022 to $403k in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Burkina Faso (Flag)

Nigeria Exports

Burkina Faso Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Nigeria than Burkina Faso included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Burkina Faso than Nigeria included Switzerland ($6.08B), Mali ($304M), and Rwanda ($36.4M).

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

Comparative Advantage Nigeria - Burkina Faso

Flow
Scale

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

During 2022, Nigeria had a large net trade with Burkina Faso in the exports of Chemical Products ($6.78M), Mineral Products ($6.4M), and Foodstuffs ($2.95M).

During 2017, Burkina Faso had a large net trade with Nigeria in the exports of Animal Products ($179k), Mineral Products ($123k), and Metals ($39.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Burkina Faso+$7.74MPetroleum Gas
Top Product Potential Burkina Faso Nigeria+$782kRefined Petroleum

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

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

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