2023
Exports
$7.18BWorld Rnk 19 / 167
Flag Rnk 1 / 748
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$14.2kWorld Rnk 156 / 174
Flag Rnk 864 / 1066
2023
ECONOMIC COMPLEXITY of Burkina Faso
-1.36Rnk 124 / 132

About

Exports In 2023, Burkina Faso exported $7.18B in Gold, making it the 19th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in Burkina Faso. The main destination of Gold exports from Burkina Faso are: Switzerland ($5.95B), United Arab Emirates ($810M), India ($169M), Mali ($116M), and Uganda ($109M).

The fastest growing export markets for Gold of Burkina Faso between 2022 and 2023 were United Arab Emirates ($189M), India ($118M), and Uganda ($109M).

Imports In 2023, Burkina Faso imported $14.2k in Gold, becoming the 156th largest importer of Gold in the world. At the same year, Gold was the 864th most imported product in Burkina Faso. Burkina Faso imports Gold primarily from: Australia ($9.39k), France ($4.69k), and Malaysia ($147).

The fastest growing import markets in Gold for Burkina Faso between 2022 and 2023 were Australia ($9.39k), France ($4.69k), and Malaysia ($147).

Historical Data

Trade Balance

Color
EXPORTS (2023)$7.18B
IMPORTS (2023)$14.2k
NET TRADE (2023)$7.18B

In 2023, Burkina Faso exported $7.18B in Gold. The main destinations of Burkina Faso exports on Gold were Switzerland ($5.95B), United Arab Emirates ($810M), India ($169M), Mali ($116M), and Uganda ($109M).

In 2023, Burkina Faso imported $14.2k in Gold, mainly from Australia ($9.39k), France ($4.69k), and Malaysia ($147).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Burkina Faso WERE (2022 - 2023):
India$118M (235%)
Uganda$109M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Burkina Faso WERE (2022 - 2023):
Mali-$53.1M (-31.4%)
Switzerland-$39.1M (-0.65%)
Rwanda-$36M (-98.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Burkina Faso's main exporting competitors in Gold were:
In 2023, Burkina Faso's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $154M
TOP IMPORT POTENTIALMali+ $791

Gold’s highest export potential is United Arab Emirates. With an export gap of $154M.   Gold’s highest import potential is Mali with an import gap of $791.

See methodology.

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