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Pricing

2022
Flag → Flag
Exports $47.8MRnk 77 / 138
2022
Flag → Flag
Top Product $38.7MRefined Petroleum
2022
Flag → Flag
Exports $76.9kRnk 82 / 131
2022
Flag → Flag
Top Product $76.9kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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 $30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Saudi Arabia-Burkina Faso Trade: In 2022, Saudi Arabia exported $47.8M to Burkina Faso. The main products that Saudi Arabia exported to Burkina Faso were Refined Petroleum ($38.7M), Cement ($5.46M), and Transmissions ($2.1M). Over the past 5 years the exports of Saudi Arabia to Burkina Faso have increased at an annualized rate of 61.3%, from $4.39M in 2017 to $47.8M in 2022.

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

Burkina Faso-Saudi Arabia Trade: In 2022, Burkina Faso exported $76.9k to Saudi Arabia. The main products that Burkina Faso exported to Saudi Arabia were Refined Petroleum ($76.9k). Over the past 5 years the exports of Burkina Faso to Saudi Arabia have decreased at an annualized rate of 12.9%,  from $153k in 2017 to $76.9k in 2022.

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

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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, Saudi Arabia exported $47.8M to Burkina Faso. The main products exported from Saudi Arabia to Burkina Faso were Refined Petroleum ($38.7M), Cement ($5.46M), and Transmissions ($2.1M). During the last 5 years the exports of Saudi Arabia to Burkina Faso have increased at an annualized rate of 61.3%, from $4.39M in 2017 to $47.8M in 2022.

In 2017, Burkina Faso exported $76.9k to Saudi Arabia. The main products exported from Burkina Faso to Saudi Arabia were Refined Petroleum ($76.9k). During the last 5 years the exports of Burkina Faso to Saudi Arabia have decreased at an annualized rate of 12.9%, from $153k in 2022 to $76.9k in 2017.

Exports from Saudi Arabia (Flag) to Burkina Faso (Flag) (2022)

Exports from Burkina Faso (Flag) to Saudi Arabia (Flag) (2022)

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Saudi Arabia than Burkina Faso included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Burkina Faso than Saudi Arabia included Switzerland ($6.08B), Mali ($304M), and Ghana ($53M).

Difference in imports from Burkina Faso (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Burkina Faso

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Burkina Faso in the exports of Mineral Products ($44.2M), Machines ($2.82M), and Plastics and Rubbers ($572k).

During 2017, Burkina Faso had a large net trade with Saudi Arabia in the exports of Mineral Products ($76.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Burkina Faso+$20.1MRefined Petroleum
Top Product Potential Burkina Faso Saudi Arabia+$347kRefined 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 Saudi Arabia and Burkina Faso. This means that a dot/product with the flag of Saudi Arabia 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 Saudi Arabia.

Product Space of Saudi Arabia (Flag) and Burkina Faso (Flag) (2022)

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