Burkina Faso

ECON COMPLEXITY (2018)

-1.46

RANK 129 OF 137

PRODUCT EXPORTS (2018)

$5.68B

RANK 110 OF 222

EXPORTS PER CAPITA (2018)

$288

RANK 22 OF 219

PRODUCT IMPORTS (2018)

$4.05B

RANK 141 OF 221

IMPORTS PER CAPITA (2018)

$205

RANK 35 of 219

SERVICE EXPORTS (2018)

$555

RANK 75 OF 88

SERVICE IMPORTS (2018)

$1.42B

RANK 68 OF 88

GDP (2018)

$14.1B

CURRENT US$
RANK 128 OF 196

GDP GROWTH (2008-2018)

68.8%

CURRENT US$
RANK 58 OF 196

GDP PC (2018)

$715

CURRENT US$
RANK 183 OF 196

GDP PC GROWTH (2008-2018)

25.5%

Overview: In 2018 Burkina Faso was the number 128 economy in the world in terms of GDP (current US$), the number 110 in total exports, the number 141 in total imports, and the number 129 most complex economy according to the Economic Complexity Index (ECI). In 2018, Burkina Faso exported $5.68B and imported $4.05B, resulting in a positive trade balance of $1.64B. In 2018, Burkina Faso’s exports per capita were $288 and its imports per capita were $205.

Trade: The top exports of Burkina Faso are Gold ($4.28B), Raw Cotton($321M), Coconuts, Brazil Nuts, and Cashews ($219M), Zinc Ore($210M), and Raw Zinc ($188M). The top imports of Burkina Faso are Refined Petroleum ($713M), Packaged Medicaments ($122M), Rice($111M), Cement ($95.7M), and Delivery Trucks ($83.6M).

Destinations: Burkina Faso exports mostly to Switzerland ($3.21B), India ($1.16B), Singapore ($253M), Cote d’Ivoire ($210M), and Ghana($109M), and imports mostly from Cote d’Ivoire ($549M), China($373M), France ($337M), Ghana ($248M), and India ($230M).

Location: Burkina Faso borders Benin, Cote d’Ivoire, Ghana, Mali, Niger, and Togo by land.

Exports

In 2018 Burkina Faso exported a total of $5.68B, making it the number 110 exporter in the world. During the last five reported years the exports of Burkina Faso have changed by $1.62B from $4.06B in 2013 to $5.68B in 2018.

The most recent exports are led by Gold ($4.28B), Raw Cotton ($321M), Coconuts, Brazil Nuts, and Cashews ($219M), Zinc Ore ($210M), and Raw Zinc ($188M).

Imports

In 2018 Burkina Faso imported $4.05B, making it the number 141 trade destination in the world. During the last five reportedvyears the imports of Burkina Faso changed by -$325M from $4.37B in 2013 to $4.05B in 2018.

The most recent imports of Burkina Faso are led by Refined Petroleum ($713M), Packaged Medicaments ($122M), Rice ($111M), Cement ($95.7M), and Delivery Trucks ($83.6M).

Trade Balance

As of 2018 Burkina Faso had a positive trade balance of $78.3B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $4.26B in net imports.

Destinations

The most common destination for the exports of Burkina Faso are Switzerland ($3.21B), India ($1.16B), Singapore ($253M), Cote d’Ivoire ($210M), and Ghana ($109M).

Origins

The most common import partners for Burkina Faso are Cote d’Ivoire ($549M), China ($373M), France ($337M), Ghana ($248M), and India ($230M).