2022
Flag  
GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 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 
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC
$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH
13.5%CURRENT US$
Rnk 102 / 186

About

In N/A, Somalia did not export any services to Burkina Faso.

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

In N/A, Burkina Faso did not export any services to Somalia.

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. 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

Somalia does not register exports to Burkina Faso.

Burkina Faso does not register exports to Somalia.

Exports from Somalia (Flag) to Burkina Faso (Flag) (2021)

Exports from Burkina Faso (Flag) to Somalia (Flag) (2021)

Market Competitiveness

Color
Somalia
Top Destination
United Arab Emirates$283M
Burkina Faso
Top Destination
Switzerland$6.08B

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

In 2022, countries that imported more from Somalia than Burkina Faso included Oman ($173M), Bulgaria ($18.5M), and Kuwait ($13.5M).

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

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

Comparative Advantage Somalia - Burkina Faso

Flow
Scale

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Burkina Faso+$1.19kNon-fillet Frozen Fish
Top Product Potential Burkina Faso Somalia+$1.7kRolled Tobacco

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

Product Space of Somalia (Flag) and Burkina Faso (Flag) (2021)

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