Burkina Faso recorded a trade deficit of 32.60 CFA Franc Billion in the first quarter of 2020.

Balance of Trade in Burkina Faso averaged -41.13 CFA Franc Billion from 1998 until 2020, reaching an all time high of 48 CFA Franc Billion in the first quarter of 2018 and a record low of -276.30 CFA Franc Billion in the third quarter of 2018. This page provides - Burkina Faso Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Burkina Faso Balance of Trade - values, historical data and charts - was last updated on September of 2020.

Balance of Trade in Burkina Faso is expected to be -173.76 CFA Franc Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Burkina Faso to stand at -69.81 in 12 months time. In the long-term, the Burkina Faso Balance of Trade is projected to trend around -77.48 CFA Franc Billion in 2021 and -92.52 CFA Franc Billion in 2022, according to our econometric models.

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Burkina Faso Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-32.60 -126.70 48.00 -276.30 1998 - 2020 CFA Franc Billion Quarterly

Burkina Faso Trade Last Previous Highest Lowest Unit
Balance of Trade -32.60 -126.70 48.00 -276.30 CFA Franc Billion [+]
Current Account -369.30 -412.10 -46.93 -664.60 CFA Franc Billion [+]
Current Account to GDP -7.20 -7.60 0.50 -13.20 percent [+]
Imports 610.10 650.40 683.00 14.20 CFA Franc Billion [+]
Exports 577.50 523.70 602.20 1.90 CFA Franc Billion [+]
Terms Of Trade 274.40 303.10 386.60 66.90 points [+]
Terrorism Index 5.42 4.81 5.42 0.00 [+]
Tourist Arrivals 144492.00 143346.00 281820.00 107889.00 Persons [+]
External Debt 3334.80 3188.20 3334.80 569.70 EUR Million [+]


Burkina Faso Balance of Trade
Burkina Faso’s systemic trade deficit is due to the country’s dependence on fuel imports and volatile exports. A drought prone climate and commodities price fluctuations influence Burkina Faso’s main exports: gold (70 percent of total exports) and cotton (13 percent). Burkina Faso main trading partners are: China, France and Ivory Coast.