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2023
Flag → Flag
Exports $271MRnk 3 / 125
2023
Flag → Flag
Top Product $169MGold
2023
Flag → Flag
Exports $327MRnk 107 / 220
2023
Flag → Flag
Top Product $99.5MRice
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $883CURRENT US$
Rnk 182 / 195
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Burkina Faso-India Trade: In 2023, Burkina Faso exported $271M to India. The main products that Burkina Faso exported to India were Gold ($169M), Coconuts, Brazil Nuts, and Cashews ($68.8M), and Soybeans ($20.3M). Over the past 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 25.3%, from $1.17B in 2018 to $271M in 2023.

In 2023, Burkina Faso did not export any services to India.

India-Burkina Faso Trade: In 2023, India exported $327M to Burkina Faso. The main products that India exported to Burkina Faso were Rice ($99.5M), Packaged Medicaments ($46.4M), and Vaccines, blood, antisera, toxins and cultures ($32.1M). Over the past 5 years the exports of India to Burkina Faso have increased at an annualized rate of 5.05%,  from $256M in 2018 to $327M in 2023.

In 2023, India did not export any services to Burkina Faso.

Comparison: In 2023,  Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Burkina Faso exported $271M to India. The main products exported from Burkina Faso to India were Gold ($169M), Coconuts, Brazil Nuts, and Cashews ($68.8M), and Soybeans ($20.3M). During the last 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 25.3%, from $1.17B in 2018 to $271M in 2023.

In 2018, India exported $327M to Burkina Faso. The main products exported from India to Burkina Faso were Rice ($99.5M), Packaged Medicaments ($46.4M), and Vaccines, blood, antisera, toxins and cultures ($32.1M). During the last 5 years the exports of India to Burkina Faso have increased at an annualized rate of 5.05%, from $256M in 2023 to $327M in 2018.

Exports from Burkina Faso (Flag) to India (Flag) (2023)

Exports from India (Flag) to Burkina Faso (Flag) (2023)

Latest Data

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

Burkina Faso Exports

India Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6B
India
Top DestinationUnited States$85.5B

This map shows whether countries import more from Burkina Faso or India. Each country is colored based on the difference in imports they receive from Burkina Faso and India or the difference in the growth in imports.

In 2023, countries that imported more from Burkina Faso than India included Switzerland ($6B) and Mali ($268M).

In 2023, countries that imported more from India than Burkina Faso included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Burkina Faso (Flag) (2023)

Comparative Advantage Burkina Faso - India

Flow
Scale

This chart compares trade between Burkina Faso and India by product, considering products traded by both, Burkina Faso and India.

During 2023, Burkina Faso had a large net trade with India in the exports of Precious Metals ($169M), Vegetable Products ($94.7M), and Metals ($4.77M).

During 2018, India had a large net trade with Burkina Faso in the exports of Vegetable Products ($102M), Chemical Products ($92.4M), and Metals ($42.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso India+$140MGold
Top Product Potential India Burkina Faso+N/AN/A

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 Burkina Faso and India. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and India (Flag) (2023)

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