Sign In
Pricing

2022
Flag → Flag
Exports $18.9MRnk 94 / 209
2022
Flag → Flag
Top Product $16.6MRefined Petroleum
2022
Flag → Flag
Exports $23.2kRnk 95 / 131
2022
Flag → Flag
Top Product $20.7kTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Norway-Burkina Faso Trade: In 2022, Norway exported $18.9M to Burkina Faso. The main products that Norway exported to Burkina Faso were Refined Petroleum ($16.6M), Nitrites and Nitrates ($916k), and Prepared Explosives ($361k). Over the past 5 years the exports of Norway to Burkina Faso have increased at an annualized rate of 22.1%, from $6.96M in 2017 to $18.9M in 2022.

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

Burkina Faso-Norway Trade: In 2022, Burkina Faso exported $23.2k to Norway. The main products that Burkina Faso exported to Norway were Tropical Fruits ($20.7k), Grapes ($1.41k), and Citrus ($512). Over the past 5 years the exports of Burkina Faso to Norway have decreased at an annualized rate of 19.9%,  from $171k in 2017 to $23.2k in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK55k and imported NOK263k from Burkina Faso, resulting in a negative trade balance of NOK208k. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-198k (-78.3%) from NOK253k to NOK55k, while imports increased by NOK207k (370%) from NOK56k to NOK263k.

Trade In October 2024, the top exports of Norway to Burkina Faso were Machinery specialized for particular industries (NOK70k), Miscellaneous manufactured articles, n.e.s. (NOK20k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0). In October 2024 the top imports of Norway from Burkina Faso were Vegetables and fruit (NOK34k), Miscellaneous manufactured articles, n.e.s. (NOK12k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0).

Growth In October 2024, the decrease in Norway's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in General industrial machinery and equipment, n.e.s.,... (NOK-42k or -100%). In October 2024, the increase in Norway's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in Vegetables and fruit (NOK19k or 127%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-198k(-78.3%)
IMPORT GROWTH (October 2023 - October 2024)NOK207k(370%)

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

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

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $18.9M to Burkina Faso. The main products exported from Norway to Burkina Faso were Refined Petroleum ($16.6M), Nitrites and Nitrates ($916k), and Prepared Explosives ($361k). During the last 5 years the exports of Norway to Burkina Faso have increased at an annualized rate of 22.1%, from $6.96M in 2017 to $18.9M in 2022.

In 2017, Burkina Faso exported $23.2k to Norway. The main products exported from Burkina Faso to Norway were Tropical Fruits ($20.7k), Grapes ($1.41k), and Citrus ($512). During the last 5 years the exports of Burkina Faso to Norway have decreased at an annualized rate of 19.9%, from $171k in 2022 to $23.2k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Norway than Burkina Faso included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Burkina Faso

Flow
Scale

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

During 2022, Norway had a large net trade with Burkina Faso in the exports of Mineral Products ($16.6M), Chemical Products ($1.38M), and Paper Goods ($280k).

During 2017, Burkina Faso had a large net trade with Norway in the exports of Vegetable Products ($22.8k), Machines ($291), and Animal Hides ($141).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Burkina Faso+$5.37MRefined Petroleum
Top Product Potential Burkina Faso Norway+$74.9kTropical 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.

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

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms