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Pricing

2022
Flag → Flag
Exports $105MRnk 113 / 222
2022
Flag → Flag
Top Product $26.6MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $22.2MRnk 21 / 131
2022
Flag → Flag
Top Product $14.5MCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

Belgium-Burkina Faso Trade: In 2022, Belgium exported $105M to Burkina Faso. The main products that Belgium exported to Burkina Faso were Vaccines, blood, antisera, toxins and cultures ($26.6M), Refined Petroleum ($14.6M), and Sauces and Seasonings ($4.92M). Over the past 5 years the exports of Belgium to Burkina Faso have increased at an annualized rate of 5.83%, from $78.9M in 2017 to $105M in 2022.

In 2022, Belgium did not export any services to Burkina Faso.

Burkina Faso-Belgium Trade: In 2022, Burkina Faso exported $22.2M to Belgium. The main products that Burkina Faso exported to Belgium were Coconuts, Brazil Nuts, and Cashews ($14.5M), Excavation Machinery ($2.88M), and Combustion Engines ($1.44M). Over the past 5 years the exports of Burkina Faso to Belgium have increased at an annualized rate of 24.5%,  from $7.42M in 2017 to $22.2M in 2022.

In 2022, Burkina Faso did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €2.93M and imported €657k from Burkina Faso, resulting in a positive trade balance of €2.27M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-1.02M (-25.8%) from €3.95M to €2.93M, while imports increased by €490k (292%) from €167k to €657k.

Trade In August 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 August 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 August 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 August 2024, the increase in Belgium's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-1.02M(-25.8%)
IMPORT GROWTH (August 2023 - August 2024)€490k(292%)

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 2022, Belgium exported $105M to Burkina Faso. The main products exported from Belgium to Burkina Faso were Vaccines, blood, antisera, toxins and cultures ($26.6M), Refined Petroleum ($14.6M), and Sauces and Seasonings ($4.92M). During the last 5 years the exports of Belgium to Burkina Faso have increased at an annualized rate of 5.83%, from $78.9M in 2017 to $105M in 2022.

In 2017, Burkina Faso exported $22.2M to Belgium. The main products exported from Burkina Faso to Belgium were Coconuts, Brazil Nuts, and Cashews ($14.5M), Excavation Machinery ($2.88M), and Combustion Engines ($1.44M). During the last 5 years the exports of Burkina Faso to Belgium have increased at an annualized rate of 24.5%, from $7.42M in 2022 to $22.2M in 2017.

Exports from Belgium (Flag) to Burkina Faso (Flag) (2022)

Exports from Burkina Faso (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Burkina Faso
Top DestinationSwitzerland$6.08B

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 2022, countries that imported more from Belgium than Burkina Faso included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Burkina Faso than Belgium included Switzerland ($6.08B) and Mali ($304M).

Difference in imports from Burkina Faso (Flag) and Belgium (Flag) (2022)

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 2022, Belgium had a large net trade with Burkina Faso in the exports of Chemical Products ($34.8M), Foodstuffs ($15.4M), and Mineral Products ($15M).

During 2017, Burkina Faso had a large net trade with Belgium in the exports of Vegetable Products ($15.1M), Machines ($4.56M), and Mineral Products ($926k).

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) (2022)

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