2022
Exports
$1.03MWorld Rnk 126 / 226
Flag Rnk 52 / 696
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$27.1MWorld Rnk 145 / 225
Flag Rnk 41 / 1061
2022
ECONOMIC COMPLEXITY of Burkina Faso
-1.91Rnk 131 / 133

About

Exports In 2022, Burkina Faso exported $1.03M in Motor vehicles; parts and accessories (8701 to 8705), making it the 126th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 52nd most exported product in Burkina Faso. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Burkina Faso are: Niger ($306k), Cote d'Ivoire ($219k), Mali ($155k), United Kingdom ($79.1k), and Guinea ($75.5k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Burkina Faso between 2021 and 2022 were Niger ($305k), Cote d'Ivoire ($160k), and Mali ($117k).

Imports In 2022, Burkina Faso imported $27.1M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 145th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 41st most imported product in Burkina Faso. Burkina Faso imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United Arab Emirates ($4.2M), France ($3.91M), Belgium ($3.27M), United States ($3.05M), and China ($2.7M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Burkina Faso between 2021 and 2022 were Japan ($1.21M), United States ($888k), and Belgium ($540k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Motor vehicles; parts and accessories (8701 to 8705). Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.03M
IMPORTS (2022)$27.1M
NET TRADE (2022)-$26M

In 2022, Burkina Faso exported $1.03M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Burkina Faso exports on Motor vehicles; parts and accessories (8701 to 8705) were Niger ($306k), Cote d'Ivoire ($219k), Mali ($155k), United Kingdom ($79.1k), and Guinea ($75.5k).

In 2022, Burkina Faso imported $27.1M in Motor vehicles; parts and accessories (8701 to 8705), mainly from United Arab Emirates ($4.2M), France ($3.91M), Belgium ($3.27M), United States ($3.05M), and China ($2.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Burkina Faso WERE (2021 - 2022):
Niger$305k (106k%)
Cote d'Ivoire$160k (273%)
Mali$117k (308%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Burkina Faso WERE (2021 - 2022):
Belgium-$72k (-100%)
Sweden-$38.6k (-100%)
Benin-$22.7k (-96.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Burkina Faso's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Burkina Faso's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $264k
TOP IMPORT POTENTIALChina+ $4.15M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United Kingdom. With an export gap of $264k.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $4.15M.

See methodology.

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