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Pricing

2022
Flag → Flag
Exports $52.7MRnk 105 / 152
2022
Flag → Flag
Top Product $23.4MMotorcycles and cycles
2022
Flag → Flag
Exports $362kRnk 58 / 131
2022
Flag → Flag
Top Product $227kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Vietnam-Burkina Faso Trade: In 2022, Vietnam exported $52.7M to Burkina Faso. The main products that Vietnam exported to Burkina Faso were Motorcycles and cycles ($23.4M), Bedspreads ($22.6M), and Hot-Rolled Iron Bars ($1.62M). Over the past 5 years the exports of Vietnam to Burkina Faso have increased at an annualized rate of 50.5%, from $6.84M in 2017 to $52.7M in 2022.

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

Burkina Faso-Vietnam Trade: In 2022, Burkina Faso exported $362k to Vietnam. The main products that Burkina Faso exported to Vietnam were Coconuts, Brazil Nuts, and Cashews ($227k), Prepared Cotton ($127k), and Cotton Waste ($4.46k). Over the past 5 years the exports of Burkina Faso to Vietnam have decreased at an annualized rate of 68.4%,  from $114M in 2017 to $362k in 2022.

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

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $52.7M to Burkina Faso. The main products exported from Vietnam to Burkina Faso were Motorcycles and cycles ($23.4M), Bedspreads ($22.6M), and Hot-Rolled Iron Bars ($1.62M). During the last 5 years the exports of Vietnam to Burkina Faso have increased at an annualized rate of 50.5%, from $6.84M in 2017 to $52.7M in 2022.

In 2017, Burkina Faso exported $362k to Vietnam. The main products exported from Burkina Faso to Vietnam were Coconuts, Brazil Nuts, and Cashews ($227k), Prepared Cotton ($127k), and Cotton Waste ($4.46k). During the last 5 years the exports of Burkina Faso to Vietnam have decreased at an annualized rate of 68.4%, from $114M in 2022 to $362k in 2017.

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

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

Latest Data

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

Burkina Faso Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
Burkina Faso
Top DestinationSwitzerland$6.08B

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 2022, countries that imported more from Vietnam than Burkina Faso included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Burkina Faso than Vietnam included Switzerland ($6.08B), Mali ($304M), and Rwanda ($36.4M).

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

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 2022, Vietnam had a large net trade with Burkina Faso in the exports of Transportation ($23.4M), Textiles ($22.7M), and Machines ($1.73M).

During 2017, Burkina Faso had a large net trade with Vietnam in the exports of Vegetable Products ($227k), Textiles ($131k), and Animal and Vegetable Bi-Products ($4.19k).

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.

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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) (2022)

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