Burkina Faso Export Data

Burkina Faso's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Burkina Faso conducts significant trade with France, China, India, Switzerland, and Belgium, highlighting its global economic ties.

• Top Imports: Cottonseed oilcake, rice, wheat flour, pharmaceutical products, and vehicles. These items account for a significant portion of the country's total imports.

• Top Exports: Cotton, gold, livestock, sesame seeds, and shea nuts. Notably, cotton and gold are the heavyweight exports, contributing to a substantial part of total exports.

• Trade Balance: Burkina Faso experiences a trade deficit, importing more than it exports. The government is implementing various measures to boost exports and diversify the economy.

• Trade Policy Snapshot: The country aims to enhance trade through regional integration, WTO compliance, and promoting value-added exports to strengthen its global trade position.

Domestic Market

• Consumer Expenditure: Consumer spending is primarily on staple foods and basic necessities, reflecting a focus on daily needs due to the economic status of the majority of the population.

• Inflation & Interest Rates: Inflation rates have been observed to fluctuate, impacting the cost of living. Central bank policies aim to stabilize the economy through interest rate adjustments.

• Supply Chain Dynamics: Supply chains are often affected by regional political instability and infrastructure challenges, leading to intermittent supply issues and price volatility.

• Sectoral Performance: Agriculture remains the backbone of the economy, with gold mining and livestock sectors showing growth. Efforts are underway to develop the manufacturing and ICT sectors to diversify the economy.

Overall Outlook

Burkina Faso's economy faces challenges including trade deficits and market volatility. Strategies to diversify the economy and increase exports, particularly in value-added products, are key to improving the country's economic prospects.