2022
Exports
$40MWorld Rnk 28 / 139
Flag Rnk 8 / 696
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$78.2kWorld Rnk 142 / 200
Flag Rnk 681 / 1061
2022
ECONOMIC COMPLEXITY of Burkina Faso
-1.91Rnk 131 / 133

About

Exports In 2022, Burkina Faso exported $40M in Soybeans, making it the 28th largest exporter of Soybeans in the world. At the same year, Soybeans was the 8th most exported product in Burkina Faso. The main destination of Soybeans exports from Burkina Faso are: India ($27.6M), France ($5.88M), Togo ($3.04M), Ghana ($1.37M), and Italy ($1.35M).

The fastest growing export markets for Soybeans of Burkina Faso between 2021 and 2022 were India ($18.5M), France ($2.32M), and Italy ($1.33M).

Imports In 2022, Burkina Faso imported $78.2k in Soybeans, becoming the 142nd largest importer of Soybeans in the world. At the same year, Soybeans was the 681st most imported product in Burkina Faso. Burkina Faso imports Soybeans primarily from: Cote d'Ivoire ($70k), Benin ($5.01k), Ghana ($3.01k), and Mali ($179).

The fastest growing import markets in Soybeans for Burkina Faso between 2021 and 2022 were Benin ($5.01k) and Mali ($179).

Historical Data

Trade Balance

Color
EXPORTS (2022)$40M
IMPORTS (2022)$78.2k
NET TRADE (2022)$39.9M

In 2022, Burkina Faso exported $40M in Soybeans. The main destinations of Burkina Faso exports on Soybeans were India ($27.6M), France ($5.88M), Togo ($3.04M), Ghana ($1.37M), and Italy ($1.35M).

In 2022, Burkina Faso imported $78.2k in Soybeans, mainly from Cote d'Ivoire ($70k), Benin ($5.01k), Ghana ($3.01k), and Mali ($179).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Burkina Faso WERE (2021 - 2022):
India$18.5M (204%)
France$2.32M (65.2%)
Italy$1.33M (7.84k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Burkina Faso WERE (2021 - 2022):
Canada-$312k (-100%)
China-$90.2k (-100%)
Singapore-$81.9k (-22.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Burkina Faso's main exporting competitors in Soybeans were:
In 2022, Burkina Faso's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $2.22M
TOP IMPORT POTENTIALBenin+ $9.21k

Soybeans’s highest export potential is Italy. With an export gap of $2.22M.   Soybeans’s highest import potential is Benin with an import gap of $9.21k.

See methodology.

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