NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $43.7MRnk 103 / 142
2023
Flag → Flag
Top Product $33.8MMotorcycles and cycles
2023
Flag → Flag
Exports $6.39MRnk 26 / 125
2023
Flag → Flag
Top Product $6.29MCoconuts, Brazil Nuts, and Cashews
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Vietnam-Burkina Faso Trade: In 2023, Vietnam exported $43.7M to Burkina Faso. The main products that Vietnam exported to Burkina Faso were Motorcycles and cycles ($33.8M), Rice ($2.81M), and Hot-Rolled Iron Bars ($1.86M). Over the past 5 years the exports of Vietnam to Burkina Faso have increased at an annualized rate of 25.1%, from $14.3M in 2018 to $43.7M in 2023.

In 2023, Vietnam did not export any services to Burkina Faso.

Burkina Faso-Vietnam Trade: In 2023, Burkina Faso exported $6.39M to Vietnam. The main products that Burkina Faso exported to Vietnam were Coconuts, Brazil Nuts, and Cashews ($6.29M), Cotton Waste ($89.4k), and Raw Bones ($8.65k). Over the past 5 years the exports of Burkina Faso to Vietnam have decreased at an annualized rate of 31.1%,  from $41.2M in 2018 to $6.39M in 2023.

In 2023, Burkina Faso did not export any services to Vietnam.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $43.7M to Burkina Faso. The main products exported from Vietnam to Burkina Faso were Motorcycles and cycles ($33.8M), Rice ($2.81M), and Hot-Rolled Iron Bars ($1.86M). During the last 5 years the exports of Vietnam to Burkina Faso have increased at an annualized rate of 25.1%, from $14.3M in 2018 to $43.7M in 2023.

In 2018, Burkina Faso exported $6.39M to Vietnam. The main products exported from Burkina Faso to Vietnam were Coconuts, Brazil Nuts, and Cashews ($6.29M), Cotton Waste ($89.4k), and Raw Bones ($8.65k). During the last 5 years the exports of Burkina Faso to Vietnam have decreased at an annualized rate of 31.1%, from $41.2M in 2023 to $6.39M in 2018.

Exports from Vietnam (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Vietnam (Flag) (2023)

Latest Data

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

Burkina Faso Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Vietnam than Burkina Faso included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Burkina Faso than Vietnam included Switzerland ($6B), Mali ($268M), and Togo ($114M).

Difference in imports from Burkina Faso (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Burkina Faso

Flow
Scale

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

During 2023, Vietnam had a large net trade with Burkina Faso in the exports of Transportation ($33.8M), Vegetable Products ($2.86M), and Machines ($2.42M).

During 2018, Burkina Faso had a large net trade with Vietnam in the exports of Vegetable Products ($6.29M), Textiles ($89.4k), and Animal Products ($8.65k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Burkina Faso+$865kRice
Top Product Potential Burkina Faso Vietnam+$758kCoconuts, Brazil Nuts, and Cashews

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

Product Space of Vietnam (Flag) and Burkina Faso (Flag) (2023)

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