As a low-income economy, Burundi is a beneficiary of the EU's "Everything but Arms" (EBA) scheme for least developed countries. Currently, Burundi's per-capita income stands at $ 240 (2022). Preferential imports from Burundi amounted to €431.000 in 2022. Given that the total EU imports from Burundi currently amount to about € 26 million, only a small share is imported under EBA preferences.
The “Everything but Arms”(EBA) scheme is a permanent arrangement covering Least Developed Countries (LDC’s) as classified by the United Nations. This arrangement enables duty-free and quota-free access for all products (7200 products in total) originating in LDC’s except for arms and ammunition. Different from the Standard GSP and GSP+, LDC’s are not excluded from the scheme if they benefit from other preferential arrangements.
Population
Government
GDP Growth
Inflation
GDP
Burundi's most important export products are coffee, black tea, and a number of metallic ores (including for example tantalum, tin, and tungsten). Coffee and Tea together account for about 90% of Burundi's export earnings.
Burundi's main trading partners are China, Saudi Arabia, and the EU. The largest share of Burundi's export products (24%) goes to Congo (Democratic Rep) while the majority of imports originates from China and Saudi Arabia.
The economy is very dependent on the agricultural sector, with cotton, coffee and tea being the most important crops. The sector contributes about 27.5% to the GDP, although it employs about 80% of the population. Manufacturing mostly concentrates on the processing of these agricultural outputs. Private sector development is significantly hampered by limited access to electricity, particularly in the mining and tourism sectors where the country still has untapped potential.
Burundi is a landlocked and resource-poor country in Central Africa which remains heavily dependent on agriculture. With a decreasing share of subsistence farming, food security has become an even more important challenge. The level of food insecurity is almost twice as high as in the average sub-Saharan country.
Total trade with the EU summed up to € 115 million in 2022. With a share of 11%, the EU is Burundi's third most important trading partner.
Less than 2% of EU imports from Burundi make use of EBA preferences. The preference utilisation rate, which represents the ratio of preferential imports to GSP eligible imports, currently stands at 82.6%.
Only a tiny fraction of Burundi's exports are eligible for EBA preferences.
With a preference utilisation rate of 82.6%, Burundi makes good use of the preferences granted by the EU's EBA arrangement.
Burundi’s preference utilisation rate showed significant fluctuations. While almost no preferences were used in 2012 and 2013, the rate increased substantially until 2016, before it declined again. Overall, imports from Burundi that make use of EBA preferences remain small. Nonetheless, all imports from two main product sections, live trees and plants, fruits and vegetables, and animal and vegetable fats and oils, made use of the duty suspensions granted by the EBA. Imports from some product sections, including for example machinery, currently do not make use of EBA preferences.
Fruit, nuts, vegetables and plants account for the majority of EU imports from Burundi. These products are, however, imported under MFN zero duties. Until 2019, products imported under the EBA were limited to two sections (live trees and plants, and fruits, nuts and vegetables). In 2022, silk, wool, cotton, other fibres and fabrics as well as plastic products, cereals and grains are among the products that benefit from preferential rates, and the country made full advantage of the EBA scheme.
As a beneficiary of the EBA, Burundi is not obligated to ratify any conventions to be able to benefit from preferential access to the European market. Nonetheless, Burundi has ratified all 15 core international conventions on human and labour rights. This includes 7 UN human rights conventions and 8 ILO conventions on labour standards. Additionally, Burundi has ratified 8 conventions on environmental protection and 4 conventions on good governance aspects.
Access all info about EU-Burundi Faso relations on the International Partnerships website: https://international-partnerships.ec.europa.eu/countries/burundi_en