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Pricing

2022
Flag → Flag
Exports $479Rnk 122 / 131
2022
Flag → Flag
Top Product $297Dried Fruits
2022
Flag → Flag
Exports $141kRnk 43 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Burkina Faso-Azerbaijan Trade: In 2022, Burkina Faso exported $479 to Azerbaijan. The main products that Burkina Faso exported to Azerbaijan were Dried Fruits ($297), Valves ($95), and Other Oily Seeds ($87). Over the past 9 years the exports of Burkina Faso to Azerbaijan have decreased at an annualized rate of 62.4%, from $3.17M in 2013 to $479 in 2022.

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

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

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

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $479 to Azerbaijan. The main products exported from Burkina Faso to Azerbaijan were Dried Fruits ($297), Valves ($95), and Other Oily Seeds ($87). During the last 9 years the exports of Burkina Faso to Azerbaijan have decreased at an annualized rate of 62.4%, from $3.17M in 2013 to $479 in 2022.

Azerbaijan does not register exports to Burkina Faso.

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

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

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Burkina Faso included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Burkina Faso - Azerbaijan

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Azerbaijan in the exports of Vegetable Products ($384) and Machines ($95).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Azerbaijan+$3.56kGold
Top Product Potential Azerbaijan Burkina Faso+$4.17kPetroleum Gas

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 Burkina Faso and Azerbaijan. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Burkina Faso.

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

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