Trade Trend

In 2023, Burkina Faso's total export value is 4.46Billion USD, total import value is 5.88Billion USD, Deficit is -1.42Billion USD, and foreign trade dependency is 0.509. In 2023，Burkina Faso's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.51Billion USD), Cotton; not carded or combed(249.74Million USD), Oil seeds and oleaginous fruits, n.e.c. in chapter 12; whether or not broken(135.11Million USD), top export destinations are Switzerland(3.01Billion USD), United Arab Emirates(380.98Million USD), Mali(268.02Million USD). In 2023, Burkina Faso's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(2.01Billion USD), Portland cement, aluminous cement (ciment fondu), slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers(204.44Million USD), Electrical energy(196.21Million USD), top import origins are Cote D'ivoire(816.42Million USD), China(807.79Million USD), Russia(524.40Million USD).

Comparing to 2022, Burkina Faso's total export value decreased -117.31Million USD(-2.56%) in 2023, this could result from its export decreases of products such as Cotton; not carded or combed(-226.87Million USD or -47.60%), Zinc ores and concentrates(-58.73Million USD or -99.91%), Nuts, edible; coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled(-26.41Million USD or -18.08%) and export decreases to countries/economics such as Switzerland(-133.29Million USD or -4.24%), Singapore(-95.90Million USD or -54.89%), France(-62.13Million USD or -63.31%). Comparing to 2022, Burkina Faso's total import value increased 268.58Million USD(4.79%) in 2023, this could result from its import increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(206.68Million USD or 11.46%), Electrical energy(60.19Million USD or 44.26%), Cane or beet sugar and chemically pure sucrose, in solid form(36.58Million USD or 137.15%), and its import increases from countries/economies such as Cote D'ivoire(225.19Million USD or 38.09%), Russia(85.13Million USD or 19.38%), China(84.11Million USD or 11.62%).