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Burkina Faso Trade Summary

2023

Burkina Faso exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BURKINA FASO 2023

Overall Exports and Imports for Burkina Faso 2023

Exports and imports of Burkina Faso in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,459 million.
  • The total value of imports (CIF) was 5,880 million.
  • At the HS6 digit level, 995 products were exported to 90 countries and 2,961 products were imported from 165 countries.

Burkina Faso top 5 Export and Import partners 2023

Top five countries to which Burkina Faso exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Burkina Faso exports to Switzerland worth US$ 3,013 million, with a partner share of 67.57 percent.
  2. Burkina Faso exports to United Arab Emirates worth US$ 380 million, with a partner share of 8.53 percent.
  3. Burkina Faso exports to Mali worth US$ 268 million, with a partner share of 6.02 percent.
  4. Burkina Faso exports to Cote d'Ivoire worth US$ 136 million, with a partner share of 3.05 percent.
  5. Burkina Faso exports to India worth US$ 83 million, with a partner share of 1.86 percent.

Top five countries from which Burkina Faso imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Burkina Faso imports from Cote d'Ivoire worth US$ 817 million, with a partner share of 13.89 percent.
  2. Burkina Faso imports from China worth US$ 807 million, with a partner share of 13.73 percent.
  3. Burkina Faso imports from Russian Federation worth US$ 524 million, with a partner share of 8.91 percent.
  4. Burkina Faso imports from France worth US$ 433 million, with a partner share of 7.37 percent.
  5. Burkina Faso imports from Ghana worth US$ 376 million, with a partner share of 6.39 percent.

Burkina Faso Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Burkina Faso along with trade value are:

  1. Burkina Faso exported Gold in oth semi-manufactured forms,non-monetar , worth 3,511,226.92 (US$ Thousands).
  2. Burkina Faso exported Cotton, not carded or combed , worth 249,367.93 (US$ Thousands).
  3. Burkina Faso exported Cashew nuts, fresh or dried , worth 119,427.30 (US$ Thousands).
  4. Burkina Faso exported Portland cement (excl. white) , worth 105,464.82 (US$ Thousands).
  5. Burkina Faso exported Other oil seeds and oleaginous fruits, nes , worth 81,115.53 (US$ Thousands).

The top five imported HS 6 digit level products from world by Burkina Faso along with trade value are

  1. Burkina Faso imported Petroleum oils, etc, (excl. crude); preparation , worth 2,009,711.34 (US$ Thousands).
  2. Burkina Faso imported Cement clinkers , worth 204,422.75 (US$ Thousands).
  3. Burkina Faso imported Electrical energy , worth 196,059.82 (US$ Thousands).
  4. Burkina Faso imported Other medicaments of mixed or unmixed products, , worth 167,943.61 (US$ Thousands).
  5. Burkina Faso imported Spelt, common wheat and meslin , worth 105,357.19 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Burkina Faso in 2023 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.42 percent.
  • The trade weighted average tariff was 7.63 .
  • The total duty free imports in thousands of US dollars were 1,037,738.23 and duty free tariff line items share was 12.56 percent.

Development Indicators 2023

Key Development Indicators of Burkina Faso in 2023 are below

  • Burkina Faso GDP in current US dollar was 20,325 million.
  • GNI per capita, Atlas method (current US$) was 860.00 .
  • Burkina Faso Trade balance: as % of GDP was -7.10.
  • Trade balance in current US$ was -1,443.00 million.
  • Trade as percentage of GDP was 64.82 .
  • Trade in services as percentage of GDP was 10.19 .

Trade Indicators 2023

Trade Indicators for Burkina Faso in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.48.
  • Index of export market penetration was 1.69.
  • World Growth in percentage was -3.13 and Burkina Faso Country Growth was 0.16 .