Sign In
Pricing

2022
Flag → Flag
Exports $120kRnk 74 / 131
2022
Flag → Flag
Top Product $111kOther Nuts
2022
Flag → Flag
Exports $2.84kRnk 62 / 79
2022
Flag → Flag
Top Product $2.84kStranded Iron Wire
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 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$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Burkina Faso-Libya Trade: In 2022, Burkina Faso exported $120k to Libya. The main products that Burkina Faso exported to Libya were Other Nuts ($111k) and Refined Petroleum ($8.55k). Over the past 6 years the exports of Burkina Faso to Libya have increased at an annualized rate of 62.5%, from $6.5k in 2016 to $120k in 2022.

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

Libya-Burkina Faso Trade: In 2022, Libya exported $2.84k to Burkina Faso. The main products that Libya exported to Burkina Faso were Stranded Iron Wire ($2.84k). Over the past 6 years the exports of Libya to Burkina Faso have decreased at an annualized rate of 72.9%,  from $1.95M in 2016 to $2.84k in 2022.

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $120k to Libya. The main products exported from Burkina Faso to Libya were Other Nuts ($111k) and Refined Petroleum ($8.55k). During the last 6 years the exports of Burkina Faso to Libya have increased at an annualized rate of 62.5%, from $6.5k in 2016 to $120k in 2022.

In 2017, Libya exported $2.84k to Burkina Faso. The main products exported from Libya to Burkina Faso were Stranded Iron Wire ($2.84k). During the last 5 years the exports of Libya to Burkina Faso have decreased at an annualized rate of 72.9%, from $1.95M in 2022 to $2.84k in 2017.

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

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

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Burkina Faso than Libya included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

In 2022, countries that imported more from Libya than Burkina Faso included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

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

Comparative Advantage Burkina Faso - Libya

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Libya in the exports of Vegetable Products ($111k) and Mineral Products ($8.55k).

During 2017, Libya had a large net trade with Burkina Faso in the exports of Metals ($2.84k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Libya+$73kRefined Petroleum
Top Product Potential Libya Burkina Faso+$3.63kRefined 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.

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

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

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