2022
Exports
$15.2kWorld Rnk 118 / 153
Flag Rnk 330 / 696
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2022
Imports
$448kWorld Rnk 94 / 197
Flag Rnk 428 / 1061
2022
ECONOMIC COMPLEXITY of Burkina Faso
-1.91Rnk 131 / 133

About

Exports In 2022, Burkina Faso exported $15.2k in Insect Resins, making it the 118th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 330th most exported product in Burkina Faso. The main destination of Insect Resins exports from Burkina Faso are: Niger ($8.05k), Ghana ($7.18k), and United Arab Emirates ($12).

The fastest growing export markets for Insect Resins of Burkina Faso between 2021 and 2022 were Niger ($8.05k) and Ghana ($7.18k).

Imports In 2022, Burkina Faso imported $448k in Insect Resins, becoming the 94th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 428th most imported product in Burkina Faso. Burkina Faso imports Insect Resins primarily from: India ($335k), Italy ($50.5k), Spain ($42.1k), China ($12.7k), and Niger ($4.17k).

The fastest growing import markets in Insect Resins for Burkina Faso between 2021 and 2022 were India ($335k), Italy ($50.5k), and China ($7.09k).

Latest Trends

Jul 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 Insect Resins. 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)$15.2k
IMPORTS (2022)$448k
NET TRADE (2022)-$432k

In 2022, Burkina Faso exported $15.2k in Insect Resins. The main destinations of Burkina Faso exports on Insect Resins were Niger ($8.05k), Ghana ($7.18k), and United Arab Emirates ($12).

In 2022, Burkina Faso imported $448k in Insect Resins, mainly from India ($335k), Italy ($50.5k), Spain ($42.1k), China ($12.7k), and Niger ($4.17k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Burkina Faso WERE (2021 - 2022):
Niger$8.05k (1%)
Ghana$7.18k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Burkina Faso WERE (2021 - 2022):United Arab Emirates-$3 (-20%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.22k
TOP IMPORT POTENTIALChina+ $10.2k

Insect Resins’s highest export potential is India. With an export gap of $1.22k.   Insect Resins’s highest import potential is China with an import gap of $10.2k.

See methodology.

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