Burkina Faso recorded a trade deficit of 222.40 CFA Franc Billion in the fourth quarter of 2018. Balance of Trade in Burkina Faso averaged -39.20 CFA Franc Billion from 1998 until 2018, reaching an all time high of 58.20 CFA Franc Billion in the first quarter of 2018 and a record low of -276 CFA Franc Billion in the third quarter of 2017.

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 -121.79 in 12 months time. In the long-term, the Burkina Faso Balance of Trade is projected to trend around -92.52 CFA Franc Billion in 2020, according to our econometric models.

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Burkina Faso Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-222.40 -265.40 58.20 -276.00 1998 - 2018 CFA Franc Billion Quarterly

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.

Burkina Faso Trade Last Previous Highest Lowest Unit
Balance of Trade -222.40 -265.40 58.20 -276.00 CFA Franc Billion [+]
Current Account -520.40 -462.40 -46.93 -664.60 CFA Franc Billion [+]
Current Account to GDP -7.20 -7.60 0.50 -13.20 percent [+]
Imports 665.00 580.50 665.00 14.20 CFA Franc Billion [+]
Exports 442.60 315.10 602.00 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 [+]
External Debt 3334.80 3188.20 3334.80 569.70 EUR Million [+]