Burkina Faso
AfricaTrade in Burkina Faso
Burkina Faso was the world’s 124th largest exporter of goods and 139th largest exporter of commercial services in 2022. Export values were $4.52 billion and $495 million USD respectively. Burkina Faso’s top export category was Agricultural products, followed by Manufactures, and Fuels and mining products. In 2022, Burkina Faso’s main export destination markets for goods and services trade were to Switzerland, India and Cote d’Ivoire, with trade representing 64.85 per cent of GDP. In terms of imports, Burkina Faso is the world’s 140th largest importer of goods and 123rd largest importer of commercial services. Import values were $5.50 billion and $1.58 billion USD respectively in 2022. Burkina Faso’s top import category was Manufactures, followed by Fuels and mining products and Machinery and transport equipment. Leading import partners were China, Cote d’Ivoire and France. Burkina Faso is part of 2 different Regional Trade Agreements, including Economic Community of West African States (ECOWAS) and West African Economic and Monetary Union (WAEMU). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Burkina Faso |
Abbreviation |
BF |
Capital |
Ouagadougou |
WTO Membership Date |
3 June 1995 |
Legal System |
civil law based on the French model and customary law; in mid-2019, the National Assembly amended the penal code |
Language |
French |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
West African CFA franc |
Exchange Rate |
Google Finance Currencies |
GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Copyright Offices |
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Industrial Property Offices |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://burkinatradeportal.bf/procedure/10?l=fr&embed=true&includeSearch=true |
Last Reviewed: June, 2024
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