Flag Burundi

Product Exports (2018): $272M, Rank 169 of 222

Exports Per Capita (2018): $24.3, Rank 34 of 219

Product Imports (2018): $804M, Rank 178 of 221

Imports Per Capita (2018): $72, Rank 44 of 219

Service Exports (2018): $105M, Rank 84 of 88

Service Imports (2018): $229M, Rank 82 of 88

GDP (2018): $3.04B, CURRENT US$
Rank 165 of 196

GDP growth (2008 - 2018): 88.4%, CURRENT US$
Rank 42 of 196

GDP PC (2018): $272, CURRENT US$
Rank 196 of 196

GDP PC GROWTH (2008 - 2018): 37%, CURRENT US$
Rank 68 of 196

Overview: In 2018 Burundi was the number 165 economy in the world in terms of GDP (current US$), the number 169 in total exports, and the number 178 in total imports. In 2018, Burundi exported $272M and imported $804M, resulting in a negative trade balance of -$533M. In 2018, Burundi's exports per capita were $24.3 and its imports per capita were $72.

Trade: The top exports of Burundi are Gold ($113M), Coffee ($46.9M), Tea ($25.7M), Niobium, Tantalum, Vanadium and Zirconium Ore ($20.8M), and Wheat Flours ($9.05M). The top imports of Burundi are Refined Petroleum ($139M), Packaged Medicaments ($36.9M), Mixed Mineral or Chemical Fertilizers ($29.9M), Raw Sugar ($25.6M), and Blood, antisera, vaccines, toxins and cultures ($22.3M).

Destinations: Burundi exports mostly to United Arab Emirates ($114M), Democratic Republic of the Congo ($18.8M), United States ($13.8M), Germany ($13.6M), and Pakistan ($13.5M), and imports mostly from Saudi Arabia ($124M), China ($94.9M), United Arab Emirates ($66.9M), Kenya ($62M), and India ($58.3M).

Location: Burundi borders Democratic Republic of the Congo, Rwanda, and Tanzania by land.

Product Exports

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Top Export (2018): Gold, $113M

Top Destination (2018): United Arab Emirates, $114M

In 2018 Burundi exported a total of $272M, making it the number 169 exporter in the world. During the last five reported years the exports of Burundi have changed by $40.7M from $231M in 2013 to $272M in 2018.

The most recent exports are led by Gold ($113M), Coffee ($46.9M), Tea ($25.7M), Niobium, Tantalum, Vanadium and Zirconium Ore ($20.8M), and Wheat Flours ($9.05M). The most common destination for the exports of Burundi are United Arab Emirates ($114M), Democratic Republic of the Congo ($18.8M), United States ($13.8M), Germany ($13.6M), and Pakistan ($13.5M).

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Product Imports

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Top Import (2018): Refined Petroleum, $139M

Top Origin (2018): Saudi Arabia, $124M

In 2018 Burundi imported $804M, making it the number 178 trade destination in the world. During the last five reported years the imports of Burundi changed by $14.3M from $790M in 2013 to $804M in 2018.

The most recent imports of Burundi are led by Refined Petroleum ($139M), Packaged Medicaments ($36.9M), Mixed Mineral or Chemical Fertilizers ($29.9M), Raw Sugar ($25.6M), and Blood, antisera, vaccines, toxins and cultures ($22.3M). The most common import partners for Burundi are Saudi Arabia ($124M), China ($94.9M), United Arab Emirates ($66.9M), Kenya ($62M), and India ($58.3M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Burundi Exports Services (2018): $105M

Burundi Imports Services (2018): $229M

In 2018, Burundi exported $105M worth of services. The top services exported by Burundi in 2018 were Government services, n.i.e. ($80.6M), Other business services ($11.1M), Computer and information services ($4.17M), Personal travel ($3.61M), and Transportation ($2.22M).

The top services imported by Burundi in 2018 were Transportation ($161M), Other business services ($19.1M), Government services, n.i.e. ($13.3M), Business travel ($12.6M), and Personal travel ($10.2M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Burundi. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Burundi has a high level of specialization in Niobium, Tantalum, Vanadium and Zirconium Ore (722), Tin Ores (485), Tanned Goat Hides (273), Tea (226), and Alkaline Metals (133). Specialization is measured using RCA, an index that takes the ratio between Burundi observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Burundi according to the product complexity index (PCI) are Equipment for photographic laboratories nes (2), Special pharmaceutical goods (0.79), Printed reading books, brochures, leaflets etc (0.48), Alkali, alkaline-earth metals, rare earths, mercury (-0.092), and Malt (-0.096). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Burundi according to the relatedness index, are Other Oily Seeds (0.069), Raw Sugar (0.064), Raw Cotton (0.063), Perfume Plants (0.061), and Cocoa Beans (0.06). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Burundi is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.