2022
Exports
$37.6kWorld Rnk 124 / 149
Flag Rnk 262 / 696
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$84.1MWorld Rnk 70 / 208
Flag Rnk 6 / 1061
2022
ECONOMIC COMPLEXITY of Burkina Faso
-1.91Rnk 131 / 133

About

Exports In 2022, Burkina Faso exported $37.6k in Palm Oil, making it the 124th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 262nd most exported product in Burkina Faso. The main destination of Palm Oil exports from Burkina Faso are: Mali ($37.6k) and Canada ($10).

The fastest growing export markets for Palm Oil of Burkina Faso between 2021 and 2022 were Mali ($37.6k) and Canada ($10).

Imports In 2022, Burkina Faso imported $84.1M in Palm Oil, becoming the 70th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 6th most imported product in Burkina Faso. Burkina Faso imports Palm Oil primarily from: Cote d'Ivoire ($77.7M), Ghana ($3.27M), Malaysia ($1.58M), United States ($584k), and Indonesia ($489k).

The fastest growing import markets in Palm Oil for Burkina Faso between 2021 and 2022 were Cote d'Ivoire ($32.3M), Ghana ($1.47M), and Malaysia ($914k).

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 Palm Oil. 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)$37.6k
IMPORTS (2022)$84.1M
NET TRADE (2022)-$84.1M

In 2022, Burkina Faso exported $37.6k in Palm Oil. The main destinations of Burkina Faso exports on Palm Oil were Mali ($37.6k) and Canada ($10).

In 2022, Burkina Faso imported $84.1M in Palm Oil, mainly from Cote d'Ivoire ($77.7M), Ghana ($3.27M), Malaysia ($1.58M), United States ($584k), and Indonesia ($489k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Burkina Faso WERE (2021 - 2022):
Mali$37.6k (1%)
Canada$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Burkina Faso WERE (2021 - 2022):
Gambia-$45k (-100%)
Niger-$3.42k (-100%)
Benin-$3.28k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Burkina Faso's main exporting competitors in Palm Oil were:
In 2022, Burkina Faso's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.24k
TOP IMPORT POTENTIALMalaysia+ $1.31M

Palm Oil’s highest export potential is India. With an export gap of $2.24k.   Palm Oil’s highest import potential is Malaysia with an import gap of $1.31M.

See methodology.

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