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Burkina Faso Net Trade (Goods & Services, BoP)

Burkina Faso's net trade (goods & services, bop) fell to $-922.32 million in 2023, down from $-947.07 million in 2022, according to World Bank. This represents a decrease of 2.6% ($24.76 million) from the previous year. Burkina Faso has net trade (goods & services, bop) lower than the global median (-$922.32 million vs median -$215.12 million). Compared with the median in Africa, Burkina Faso is higher (-$922.32 million vs regional median -$1.08 billion) and ranks 23rd out of 48 countries in Africa.

Yearly Historical Data (2005-2023)

(in Million USD)
Year Net Trade (Goods & Services, BoP) (Million USD)
2023 -922.32
2022 -947.07
2021 398.79
2020 576.82
2019 -555.48
2018 -655.59
2017 -898.23
2016 -796.04
2015 -1,017.34
2014 -1,117.57
2013 -1,595.94
2012 -585.8
2011 -697.94
2010 -668.28
2009 -892.37
2008 -1,374.29
2007 -962.17
2006 -783.54
2005 -848.82
Burkina Faso Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Burkina Faso, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $5.64B $4.46B 2024
Annual Imports $6.43B $5.88B 2024
Exports (% GDP) 28.49% 28.86% 2024
FDI Inflows (% GDP) 0.54% 3.56% 2023
Imports (% GDP) 34.94% 35.96% 2024
Tariff Rate 11.44% 11.33% 2022
Trade (% GDP) 63.43% 64.82% 2024