Burkina Faso world map

Trade 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).
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

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 Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

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.
  • BICI Burkina Faso - Ougadougou, Burkina Faso - SWIFT: BICIBFBX

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

  • Agence de Promotion des Investissements-Burkina Faso

    Investment promotion agency

    [email protected]
  • Agence pour la promotion des exportations du Burkina Faso

    Trade promotion organization (TPO)

    [email protected]
  • Chambre de Commerce et d'Industrie du Burkina Faso

    Chamber of commerce

    [email protected]

Copyright Offices

  • Burkinabé Copyright Office (BBDA)

  • Ministry of Culture, Arts and Tourism

Industrial Property Offices

  • National Center for Industrial Property

  • Ministry of Industry, Trade and Handicrafts (CNPI)

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • Agence Burkinabé de Normalisation, de la Métrologie et de la Qualité
    Gestionnaire du PNI/OTC: Monsieur KIEMA Sibidaogo Wilfrid
    Phone: (+226) 76 67 46 29; (+226) 71 11 68 77; (+226) 25 37 14 43
    Website: www.abnorm.bf

    Avenue des Arts

    [email protected], [email protected]

Additional Information

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Links to other helpful resources

This section includes additional links to trade-related resources.

Trade Information Portal

https://burkinatradeportal.bf/procedure/10?l=fr&embed=true&includeSearch=true

Last Reviewed: June, 2024

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