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2023
Flag → Flag
Exports $168MRnk 89 / 220
2023
Flag → Flag
Top Product $102MRefined Petroleum
2023
Flag → Flag
Exports $10.9MRnk 23 / 125
2023
Flag → Flag
Top Product $4.78MExcavation Machinery
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Belgium-Burkina Faso Trade: In 2023, Belgium exported $168M to Burkina Faso. The main products that Belgium exported to Burkina Faso were Refined Petroleum ($102M), Vaccines, blood, antisera, toxins and cultures ($6.07M), and Sauces and Seasonings ($4.96M). Over the past 5 years the exports of Belgium to Burkina Faso have increased at an annualized rate of 16.2%, from $79.5M in 2018 to $168M in 2023.

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

Burkina Faso-Belgium Trade: In 2023, Burkina Faso exported $10.9M to Belgium. The main products that Burkina Faso exported to Belgium were Excavation Machinery ($4.78M), Soybeans ($1.37M), and Refined Petroleum ($1.22M). Over the past 5 years the exports of Burkina Faso to Belgium have decreased at an annualized rate of 0.97%,  from $11.4M in 2018 to $10.9M in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €6.76M and imported €314k from Burkina Faso, resulting in a positive trade balance of €6.45M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-999k (-12.9%) from €7.76M to €6.76M, while imports decreased by €-265k (-45.7%) from €580k to €314k.

Trade In October 2024, the top exports of Belgium to Burkina Faso were Pharmaceutical products (€6.11M), Machinery, mechanical appliances, & parts (€838k), Cars, tractors, trucks & parts thereof. (€635k), Products of the milling industry (€410k), and Electrical machinery and electronics (€312k). In October 2024 the top imports of Belgium from Burkina Faso were Edible fruits, nuts & fruit peels (€88.2k), Perfumery & cosmetics (€234), Furniture, bedding, lamps, & prefab buildings (€104), Art & antiques (€92), and Miscellaneous metal products (€81).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-858k or -57.5%), Chemical products n.e.s. (€-168k or -77.2%), and Plastics & articles thereof (€-154k or -99.9%). In October 2024, the decrease in Belgium's year-by-year imports  from Burkina Faso was explained primarily by an decrease in product imports  in Edible fruits, nuts & fruit peels (€-71k or -44.6%), Animal or vegetable fats, oils, &... (€-173 or -99.4%), and Perfumery & cosmetics (€-27 or -10.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-999k(-12.9%)
IMPORT GROWTH (October 2023 - October 2024)€-265k(-45.7%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Burkina Faso and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $168M to Burkina Faso. The main products exported from Belgium to Burkina Faso were Refined Petroleum ($102M), Vaccines, blood, antisera, toxins and cultures ($6.07M), and Sauces and Seasonings ($4.96M). During the last 5 years the exports of Belgium to Burkina Faso have increased at an annualized rate of 16.2%, from $79.5M in 2018 to $168M in 2023.

In 2018, Burkina Faso exported $10.9M to Belgium. The main products exported from Burkina Faso to Belgium were Excavation Machinery ($4.78M), Soybeans ($1.37M), and Refined Petroleum ($1.22M). During the last 5 years the exports of Burkina Faso to Belgium have decreased at an annualized rate of 0.97%, from $11.4M in 2023 to $10.9M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Belgium than Burkina Faso included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

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

Comparative Advantage Belgium - Burkina Faso

Flow
Scale

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

During 2023, Belgium had a large net trade with Burkina Faso in the exports of N/A.

During 2018, Burkina Faso had a large net trade with Belgium in the exports of Machines ($5.75M), Vegetable Products ($2.53M), and Mineral Products ($1.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Burkina Faso+$18.4MRefined Petroleum
Top Product Potential Burkina Faso Belgium+$2.28MRefined Petroleum

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

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

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