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2022
Flag → Flag
Exports $261MRnk 113 / 217
2022
Flag → Flag
Top Product $71.8MPackaged Medicaments
2022
Flag → Flag
Exports $160MRnk 6 / 131
2022
Flag → Flag
Top Product $66.9MCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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 $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

India-Burkina Faso Trade: In 2022, India exported $261M to Burkina Faso. The main products that India exported to Burkina Faso were Packaged Medicaments ($71.8M), Rice ($41.2M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). Over the past 5 years the exports of India to Burkina Faso have increased at an annualized rate of 7.96%, from $178M in 2017 to $261M in 2022.

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

Burkina Faso-India Trade: In 2022, Burkina Faso exported $160M to India. The main products that Burkina Faso exported to India were Coconuts, Brazil Nuts, and Cashews ($66.9M), Gold ($50.4M), and Soybeans ($27.6M). Over the past 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 17.5%,  from $909M in 2017 to $160M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Latest Trends

July, 2024

About

Overview In July 2024, India exported $7.79M and imported $16.5M from Burkina Faso, resulting in a negative trade balance of $8.67M. Between July 2023 and July 2024 the exports of India have decreased by $-3.6M (-31.6%) from $11.4M to $7.79M, while imports increased by $4.85M (41.8%) from $11.6M to $16.5M.

Trade In July 2024, the top exports of India to Burkina Faso were Drug Formulations, Biologicals ($2.23M), Products Of Iron And Steel ($1.67M), Aluminium, Products Of Aluminm ($1.41M), Bicycle And Parts ($1.06M), and Manmade Yarn,Fabrics,Madeups ($1.05M). In July 2024 the top imports of India from Burkina Faso were Other Oil Seeds ($1.95M), Cashew ($753k), Finished Leather ($139k), and Raw Hides And Skins ($7.12k).

Growth In July 2024, the decrease in India's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in Rice(Other Than Basmoti) ($-4.18M or -81.5%), Cotton Fabrics, Madeups Etc. ($-2.54M or -74%), and Drug Formulations, Biologicals ($-868k or -28%). In July 2024, the increase in India's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in Other Oil Seeds ($182k or 10.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$-3.6M(-31.6%)
IMPORT GROWTH (July 2023 - July 2024)$4.85M(41.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Burkina Faso and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $261M to Burkina Faso. The main products exported from India to Burkina Faso were Packaged Medicaments ($71.8M), Rice ($41.2M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). During the last 5 years the exports of India to Burkina Faso have increased at an annualized rate of 7.96%, from $178M in 2017 to $261M in 2022.

In 2017, Burkina Faso exported $160M to India. The main products exported from Burkina Faso to India were Coconuts, Brazil Nuts, and Cashews ($66.9M), Gold ($50.4M), and Soybeans ($27.6M). During the last 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 17.5%, from $909M in 2022 to $160M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from India than Burkina Faso included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Burkina Faso

Flow
Scale

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

During 2022, India had a large net trade with Burkina Faso in the exports of Chemical Products ($98.6M), Vegetable Products ($44M), and Metals ($27.9M).

During 2017, Burkina Faso had a large net trade with India in the exports of Vegetable Products ($101M), Precious Metals ($50.5M), and Textiles ($6.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Burkina Faso+$11.2MRefined Petroleum
Top Product Potential Burkina Faso India+$140MGold

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 India and Burkina Faso. This means that a dot/product with the flag of India 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 India.

Product Space of India (Flag) and Burkina Faso (Flag) (2022)

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