According to resources, the total export to Burkina Faso from India reached an estimated revenue of more than $200 Million by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
| Value in $Million | 2020-2021 | 2021-2022(Apr-Dec) |
| India Export to Burkina Faso | 207 | 144 |
| India Import from Burkina Faso | 359 | 371 |
| Total Trade | 566M | 515M |
Cereals, Pharmaceuticals and Vehicles are the major exported products from India to Burkina Faso at the present moment.
The E-commerce market in Burkina Faso reached $250 Million by 2022 and expected to cross more than $380 by the year 2025 with 15% growth rate.
The main reason behind this development is the Internet penetration rate in Burkina Faso which has reached more than 22% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Burkina Faso market whether through offline channels or online selling platforms & marketplaces in Burkina Faso.
Useful resources