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Pricing

2022
Flag → Flag
Exports $5.31kRnk 107 / 131
2022
Flag → Flag
Top Product $5.26kOther Pure Vegetable Oils
2022
Flag → Flag
Exports $383kRnk 183 / 210
2022
Flag → Flag
Top Product $133kConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 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$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Burkina Faso-New Zealand Trade: In 2022, Burkina Faso exported $5.31k to New Zealand. The main products that Burkina Faso exported to New Zealand were Other Pure Vegetable Oils ($5.26k), Knit T-shirts ($19), and Low-voltage Protection Equipment ($15). Over the past 5 years the exports of Burkina Faso to New Zealand have increased at an annualized rate of 7.43%, from $3.71k in 2017 to $5.31k in 2022.

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

New Zealand-Burkina Faso Trade: In 2022, New Zealand exported $383k to Burkina Faso. The main products that New Zealand exported to Burkina Faso were Concentrated Milk ($133k), Other Ores ($113k), and Aluminium Structures ($36.9k). Over the past 5 years the exports of New Zealand to Burkina Faso have decreased at an annualized rate of 19.3%,  from $1.12M in 2017 to $383k in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $5.31k to New Zealand. The main products exported from Burkina Faso to New Zealand were Other Pure Vegetable Oils ($5.26k), Knit T-shirts ($19), and Low-voltage Protection Equipment ($15). During the last 5 years the exports of Burkina Faso to New Zealand have increased at an annualized rate of 7.43%, from $3.71k in 2017 to $5.31k in 2022.

In 2017, New Zealand exported $383k to Burkina Faso. The main products exported from New Zealand to Burkina Faso were Concentrated Milk ($133k), Other Ores ($113k), and Aluminium Structures ($36.9k). During the last 5 years the exports of New Zealand to Burkina Faso have decreased at an annualized rate of 19.3%, from $1.12M in 2022 to $383k in 2017.

Exports from Burkina Faso (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and New Zealand (Flag)

Burkina Faso Exports

Date

New Zealand Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Burkina Faso included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

Difference in imports from New Zealand (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - New Zealand

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with New Zealand in the exports of Animal and Vegetable Bi-Products ($5.26k), Textiles ($19), and Machines ($15).

During 2017, New Zealand had a large net trade with Burkina Faso in the exports of Animal Products ($133k), Mineral Products ($114k), and Machines ($72k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso New Zealand+$16.5kOther Pure Vegetable Oils
Top Product Potential New Zealand Burkina Faso+$267kConcentrated Milk

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

Product Space of Burkina Faso (Flag) and New Zealand (Flag) (2022)

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