Burundi
2021 Product Exports | Imports: $194M | $1.01B, 183 of 226 | 179 of 226
2021 Per Capita Product Exports | Imports: $15.8 | $82.8, 217 of 219 | 214 of 219
2018 Service Exports | Imports : $105M | $229M, 133 of 138 | 132 of 138
Overview In 2021 Burundi was the number 183 economy in the world in terms of total exports and the number 179 in total imports.
Exports The top exports of Burundi are Gold ($56.7M), Coffee ($41.7M), Tea ($28.6M), Niobium, Tantalum, Vanadium and Zirconium Ore ($13.3M), and Beer ($6.48M), exporting mostly to United Arab Emirates ($61.7M), Democratic Republic of the Congo ($27M), Germany ($12.9M), Pakistan ($9.36M), and Belgium ($8.78M).
Imports The top imports of Burundi are Refined Petroleum ($160M), Packaged Medicaments ($43.1M), Cement ($37M), Vaccines, blood, antisera, toxins and cultures ($24.5M), and Cold-Rolled Iron ($24M), importing mostly from China ($193M), Saudi Arabia ($118M), Tanzania ($109M), United Arab Emirates ($81.2M), and India ($79.3M).
Location Burundi borders Democratic Republic of the Congo, Rwanda, and Tanzania by land.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Burundi.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2021): Gold, $56.7M
Top Destination (2021): United Arab Emirates, $61.7M
In 2021, Burundi exported a total of $194M, making it the number 183 exporter in the world. During the last five reported years the exports of Burundi have changed by -$26.3M from $220M in 2016 to $194M in 2021.
The most recent exports are led by Gold ($56.7M), Coffee ($41.7M), Tea ($28.6M), Niobium, Tantalum, Vanadium and Zirconium Ore ($13.3M), and Beer ($6.48M). The most common destination for the exports of Burundi are United Arab Emirates ($61.7M), Democratic Republic of the Congo ($27M), Germany ($12.9M), Pakistan ($9.36M), and Belgium ($8.78M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2020 - 2021)
- Germany, $7.2M (+ 126%)
- Belgium, $5.58M (+ 175%)
- United Kingdom, $3.82M (+ 824%)
Fastest Growing Import Markets (2020 - 2021)
- China, $46.9M (+ 32.1%)
- Saudi Arabia, $20.9M (+ 21.7%)
- United Arab Emirates, $16.3M (+ 25.2%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionBurundi 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).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionBurundi has a high level of specialization in Niobium, Tantalum, Vanadium and Zirconium Ore (790), Tea (382), Tin Ores (223), Coffee (126), and Wheat Flours (105). 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
#permalink to sectionThe highest complexity exports of Burundi according to the product complexity index (PCI) are Other Hand Tools (1.48), Drilling Machines (1.11), Other Non-Metal Removal Machinery (0.91), String Instruments (0.52), and Iron Structures (0.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Burundi according to the relatedness index, were Cocoa Beans (0.092), Other Oily Seeds (0.088), Manganese Ore (0.085), Raw Sugar (0.084), and Bananas (0.081). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Burundi is not specialized in.
Product Space
#permalink to sectionThe 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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
