2022
Exports
$8.67MWorld Rnk 77 / 221
Flag Rnk 17 / 696
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$41.5MWorld Rnk 103 / 224
Flag Rnk 24 / 1061
2022
ECONOMIC COMPLEXITY of Burkina Faso
-1.91Rnk 131 / 133

About

Exports In 2022, Burkina Faso exported $8.67M in Excavation Machinery, making it the 77th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 17th most exported product in Burkina Faso. The main destination of Excavation Machinery exports from Burkina Faso are: Belgium ($2.88M), Guinea ($1.3M), Mali ($1.18M), Cote d'Ivoire ($1.08M), and Togo ($322k).

The fastest growing export markets for Excavation Machinery of Burkina Faso between 2021 and 2022 were Guinea ($1.12M), Cote d'Ivoire ($862k), and Mali ($795k).

Imports In 2022, Burkina Faso imported $41.5M in Excavation Machinery, becoming the 103rd largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 24th most imported product in Burkina Faso. Burkina Faso imports Excavation Machinery primarily from: France ($10.6M), Netherlands ($7.77M), Japan ($3.15M), Belgium ($2.84M), and United States ($2.65M).

The fastest growing import markets in Excavation Machinery for Burkina Faso between 2021 and 2022 were Japan ($2.67M), Netherlands ($721k), and Singapore ($676k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.67M
IMPORTS (2022)$41.5M
NET TRADE (2022)-$32.8M

In 2022, Burkina Faso exported $8.67M in Excavation Machinery. The main destinations of Burkina Faso exports on Excavation Machinery were Belgium ($2.88M), Guinea ($1.3M), Mali ($1.18M), Cote d'Ivoire ($1.08M), and Togo ($322k).

In 2022, Burkina Faso imported $41.5M in Excavation Machinery, mainly from France ($10.6M), Netherlands ($7.77M), Japan ($3.15M), Belgium ($2.84M), and United States ($2.65M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Burkina Faso WERE (2021 - 2022):
Guinea$1.12M (607%)
Cote d'Ivoire$862k (391%)
Mali$795k (205%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Burkina Faso WERE (2021 - 2022):
Belgium-$1.42M (-32.9%)
Gambia-$78.8k (-100%)
Australia-$75.5k (-93.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Burkina Faso's main exporting competitors in Excavation Machinery were:
In 2022, Burkina Faso's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $1.05M
TOP IMPORT POTENTIALUnited States+ $1.92M

Excavation Machinery’s highest export potential is United States. With an export gap of $1.05M.   Excavation Machinery’s highest import potential is United States with an import gap of $1.92M.

See methodology.

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