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Burkina Faso B2B Marketplace – Connect With Manufacturers And Suppliers



Burkina Faso is a landlocked country located in West Africa. It is a low-income country, which has limited natural reserves. Although gold exports from the country are on the rise, agriculture is the main export industry today.

The economy of Burkina Faso suffered from great losses before 2021. It achieved great success and better output that made the economy recover in 2021. The growth was estimated around 6.9%. Indeed, rebound services contributed a lot to the growth while a steady increase in gold exports helped the country in recovering from major losses.

It is recorded that the gold sector’s contribution in making the economic condition of the country steady is a lot. The exports grew by 6.5% in 2021 while imports also increased by 15.5%. It was driven mainly by the purchase of hydrocarbons and electricity.

Due to this fact, domestic demand also increased. Congestion happened on the global supply chains which led to inflation of 3.9%. It was recorded to be the highest rate in 10 years. Major actions were taken to overcome the highest deficit recorded in the country. Today, Burkina Faso is thriving by practicing significant trading.

In 2019, GDP of Burkina Faso was estimated as $14.6B. However, real GDP was recorded as 6.0% with a population of over 20 million. Currently, the country is ranked in 179th position for becoming the largest goods trading partner. It accounted for $72 million goods being traded in 2019. The total goods exported gave an output of $66 million while imports were made of $6 million.

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Cotton is the country’s main agricultural export. In 2020, the export of cotton generated around $240 million in export revenue. This accounted for 6% of export earnings in 2020. Also, Burkina Faso is the third largest producer of cotton in Africa. It will produce nearly 520,000 tons of cotton in 2021-2022.

Other major exports from Burkina Faso are zinc ore ($198 M), gold ($7.19 B), raw cotton ($254 M), coconuts, brazil nuts, and cashews ($84.2 M), and other oily seeds ($147 M). Main export partners of Burkina Faso are Uganda, Switzerland, India, Singapore, and Cote d'ivoire.

On the other hand, imports have been a successful step for Burkina Faso. Some of the primary import items in the country are cement ($113 M), refined petroleum ($444 M), electricity ($142 M), delivery trucks ($86.1 M), and packaged medicaments ($142 M). These imports often come from China, Côte d'ivoire, France, India, and Ghana.

If you are looking for trade opportunities, you must know the important items that can be exported from the country. Top export opportunities for Burkina Faso include dried legumes, cocoa beans, manganese ore, other ores, and insect resins.

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Are you looking for a stable country to take your business to the next-level? It is the right time to get connected with the most leading manufacturers and suppliers of Burkina Faso. At Export Hub, we have a team of professionals who can help you in understanding the current market trends and meeting their expectations. If you have locally made products, you can easily take them to Burkina Faso. Also, you can get the most significant items imported from the country. We are the ones who can help you in meeting your expectations and taking your business to the summit.

Become a valuable part of Burkina Faso’s leading manufacturing industry today. Connect with the leading Burkina Faso manufacturers and suppliers and make your business achieve the heights. Reach out to us now for any queries and suggestions. Give us a call on +1-214-306-7737 or email us at [email protected] for a professional discussion on the business matter. It is time to make your business grow in the international market.
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