2023
Exports
$917kWorld Rnk 84 / 150
Flag Rnk 63 / 748
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$73MWorld Rnk 68 / 206
Flag Rnk 13 / 1066
2023
ECONOMIC COMPLEXITY of Burkina Faso
-1.36Rnk 124 / 132

About

Exports In 2023, Burkina Faso exported $917k in Palm Oil, making it the 84th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 63rd most exported product in Burkina Faso. The main destination of Palm Oil exports from Burkina Faso are: Ghana ($674k), India ($155k), Mali ($85.3k), Niger ($3.36k), and Cote d'Ivoire ($213).

The fastest growing export markets for Palm Oil of Burkina Faso between 2022 and 2023 were Ghana ($662k), India ($155k), and Mali ($48k).

Imports In 2023, Burkina Faso imported $73M in Palm Oil, becoming the 68th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 13th most imported product in Burkina Faso. Burkina Faso imports Palm Oil primarily from: Cote d'Ivoire ($52.2M), Indonesia ($11.7M), Malaysia ($7.05M), Ghana ($864k), and United States ($758k).

The fastest growing import markets in Palm Oil for Burkina Faso between 2022 and 2023 were Indonesia ($9.97M), Malaysia ($5.32M), and Cote d'Ivoire ($1.14M).

Latest Trends

Dec 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 (2023)$917k
IMPORTS (2023)$73M
NET TRADE (2023)-$72.1M

In 2023, Burkina Faso exported $917k in Palm Oil. The main destinations of Burkina Faso exports on Palm Oil were Ghana ($674k), India ($155k), Mali ($85.3k), Niger ($3.36k), and Cote d'Ivoire ($213).

In 2023, Burkina Faso imported $73M in Palm Oil, mainly from Cote d'Ivoire ($52.2M), Indonesia ($11.7M), Malaysia ($7.05M), Ghana ($864k), and United States ($758k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Burkina Faso WERE (2022 - 2023):
Ghana$662k (5.88k%)
India$155k (1%)
Mali$48k (129%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Burkina Faso WERE (2022 - 2023):Canada-$12 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Burkina Faso's main exporting competitors in Palm Oil were:
In 2023, Burkina Faso's main importing competitors in Palm Oil were:
India $8.7B
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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