2023
Exports
$2.14MWorld Rnk 68 / 121
Flag Rnk 37 / 748
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$67.6kWorld Rnk 156 / 175
Flag Rnk 700 / 1066
2023
ECONOMIC COMPLEXITY of Burkina Faso
-1.36Rnk 124 / 132

About

Exports In 2023, Burkina Faso exported $2.14M in Soybean Meal, making it the 68th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 37th most exported product in Burkina Faso. The main destination of Soybean Meal exports from Burkina Faso are: Mali ($962k), Senegal ($640k), Togo ($489k), Mauritania ($46.2k), and France ($101).

The fastest growing export markets for Soybean Meal of Burkina Faso between 2022 and 2023 were Mali ($962k), Senegal ($556k), and Togo ($489k).

Imports In 2023, Burkina Faso imported $67.6k in Soybean Meal, becoming the 156th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 700th most imported product in Burkina Faso. Burkina Faso imports Soybean Meal primarily from: Cote d'Ivoire ($42.2k), Benin ($20.8k), and Ghana ($4.59k).

The fastest growing import markets in Soybean Meal for Burkina Faso between 2022 and 2023 were Benin ($20.8k) and Cote d'Ivoire ($15.7k).

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 Soybean Meal. 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)$2.14M
IMPORTS (2023)$67.6k
NET TRADE (2023)$2.07M

In 2023, Burkina Faso exported $2.14M in Soybean Meal. The main destinations of Burkina Faso exports on Soybean Meal were Mali ($962k), Senegal ($640k), Togo ($489k), Mauritania ($46.2k), and France ($101).

In 2023, Burkina Faso imported $67.6k in Soybean Meal, mainly from Cote d'Ivoire ($42.2k), Benin ($20.8k), and Ghana ($4.59k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Burkina Faso WERE (2022 - 2023):
Mali$962k (1%)
Senegal$556k (666%)
Togo$489k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Burkina Faso WERE (2022 - 2023):Niger-$64.4k (-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 Soybean Meal were:
In 2023, Burkina Faso's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSenegal+ $2.74k
TOP IMPORT POTENTIALUnited States+ $4.77k

Soybean Meal’s highest export potential is Senegal. With an export gap of $2.74k.   Soybean Meal’s highest import potential is United States with an import gap of $4.77k.

See methodology.

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