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2022
Flag → Flag
Exports $160MRnk 6 / 131
2022
Flag → Flag
Top Product $66.9MCoconuts, Brazil Nuts, and Cashews
2022
Flag → Flag
Exports $261MRnk 113 / 217
2022
Flag → Flag
Top Product $71.8MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Burkina Faso-India Trade: In 2022, Burkina Faso exported $160M to India. The main products that Burkina Faso exported to India were Coconuts, Brazil Nuts, and Cashews ($66.9M), Gold ($50.4M), and Soybeans ($27.6M). Over the past 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 29.3%, from $909M in 2017 to $160M in 2022.

In 2022, Burkina Faso did not export any services to India.

India-Burkina Faso Trade: In 2022, India exported $261M to Burkina Faso. The main products that India exported to Burkina Faso were Packaged Medicaments ($71.8M), Rice ($41.2M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). Over the past 5 years the exports of India to Burkina Faso have increased at an annualized rate of 7.96%,  from $178M in 2017 to $261M in 2022.

In 2022, India did not export any services to Burkina Faso.

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $160M to India. The main products exported from Burkina Faso to India were Coconuts, Brazil Nuts, and Cashews ($66.9M), Gold ($50.4M), and Soybeans ($27.6M). During the last 5 years the exports of Burkina Faso to India have decreased at an annualized rate of 29.3%, from $909M in 2017 to $160M in 2022.

In 2017, India exported $261M to Burkina Faso. The main products exported from India to Burkina Faso were Packaged Medicaments ($71.8M), Rice ($41.2M), and Vaccines, blood, antisera, toxins and cultures ($15.1M). During the last 5 years the exports of India to Burkina Faso have increased at an annualized rate of 7.96%, from $178M in 2022 to $261M in 2017.

Exports from Burkina Faso (Flag) to India (Flag) (2022)

Exports from India (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and India (Flag)

Burkina Faso Exports

India Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
India
Top DestinationUnited States$82.9B

This map shows whether countries import more from Burkina Faso or India. Each country is colored based on the difference in imports they receive from Burkina Faso and India or the difference in the growth in imports.

In 2022, countries that imported more from Burkina Faso than India included Switzerland ($6.08B) and Mali ($304M).

In 2022, countries that imported more from India than Burkina Faso included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - India

Flow
Scale

This chart compares trade between Burkina Faso and India by product, considering products traded by both, Burkina Faso and India.

During 2022, Burkina Faso had a large net trade with India in the exports of Vegetable Products ($101M), Precious Metals ($50.5M), and Textiles ($6.64M).

During 2017, India had a large net trade with Burkina Faso in the exports of Chemical Products ($98.6M), Vegetable Products ($44M), and Metals ($27.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso India+$140MGold
Top Product Potential India Burkina Faso+$11.2MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Burkina Faso and India. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and India (Flag) (2022)

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