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2023
Flag → Flag
Exports $327MRnk 107 / 220
2023
Flag → Flag
Top Product $99.5MRice
2023
Flag → Flag
Exports $271MRnk 3 / 125
2023
Flag → Flag
Top Product $169MGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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 $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

India-Burkina Faso Trade: In 2023, India exported $327M to Burkina Faso. The main products that India exported to Burkina Faso were Rice ($99.5M), Packaged Medicaments ($46.4M), and Vaccines, blood, antisera, toxins and cultures ($32.1M). Over the past 5 years the exports of India to Burkina Faso have increased at an annualized rate of 5.05%, from $256M in 2018 to $327M in 2023.

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

Burkina Faso-India Trade: In 2023, Burkina Faso exported $271M to India. The main products that Burkina Faso exported to India were Gold ($169M), Coconuts, Brazil Nuts, and Cashews ($68.8M), and Soybeans ($20.3M). Over the past 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 25.3%,  from $1.17B in 2018 to $271M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $13.3M and imported $3.17M from Burkina Faso, resulting in a positive trade balance of $10.1M. Between November 2023 and November 2024 the exports of India have increased by $7.56M (131%) from $5.76M to $13.3M, while imports decreased by $-28M (-89.8%) from $31.1M to $3.17M.

Trade In November 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 November 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 November 2024, the increase in India's year-by-year exports to Burkina Faso was explained primarily by an increase in product exports in Aluminium, Products Of Aluminm ($1.41M or 122k%), Manmade Yarn,Fabrics,Madeups ($830k or 383%), and Products Of Iron And Steel ($822k or 97.5%). In November 2024, the decrease in India's year-by-year imports  from Burkina Faso was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$7.56M(131%)
IMPORT GROWTH (November 2023 - November 2024)$-28M(-89.8%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $327M to Burkina Faso. The main products exported from India to Burkina Faso were Rice ($99.5M), Packaged Medicaments ($46.4M), and Vaccines, blood, antisera, toxins and cultures ($32.1M). During the last 5 years the exports of India to Burkina Faso have increased at an annualized rate of 5.05%, from $256M in 2018 to $327M in 2023.

In 2018, Burkina Faso exported $271M to India. The main products exported from Burkina Faso to India were Gold ($169M), Coconuts, Brazil Nuts, and Cashews ($68.8M), and Soybeans ($20.3M). During the last 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 25.3%, from $1.17B in 2023 to $271M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Burkina Faso
Top DestinationSwitzerland$6B

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 2023, countries that imported more from India than Burkina Faso included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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

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 2023, India had a large net trade with Burkina Faso in the exports of Vegetable Products ($102M), Chemical Products ($92.4M), and Metals ($42.2M).

During 2018, Burkina Faso had a large net trade with India in the exports of Precious Metals ($169M), Vegetable Products ($94.7M), and Metals ($4.77M).

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) (2023)

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