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Pricing

2022
Flag → Flag
Exports $1.35kRnk 113 / 131
2022
Flag → Flag
Top Product $937Other Processed Fruits and Nuts
2022
Flag → Flag
Exports $3.99MRnk 121 / 196
2022
Flag → Flag
Top Product $1.85MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Burkina Faso-Romania Trade: In 2022, Burkina Faso exported $1.35k to Romania. The main products that Burkina Faso exported to Romania were Other Processed Fruits and Nuts ($937), Beauty Products ($316), and Perfume Plants ($100). Over the past 6 years the exports of Burkina Faso to Romania have decreased at an annualized rate of 3.3%, from $1.66k in 2016 to $1.35k in 2022.

In 2022, Burkina Faso did not export any services to Romania.

Romania-Burkina Faso Trade: In 2022, Romania exported $3.99M to Burkina Faso. The main products that Romania exported to Burkina Faso were Refined Petroleum ($1.85M), Cars ($488k), and Electrical Power Accessories ($224k). Over the past 6 years the exports of Romania to Burkina Faso have increased at an annualized rate of 3.15%,  from $3.11M in 2016 to $3.99M in 2022.

In 2022, Romania did not export any services to Burkina Faso.

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $1.35k to Romania. The main products exported from Burkina Faso to Romania were Other Processed Fruits and Nuts ($937), Beauty Products ($316), and Perfume Plants ($100). During the last 6 years the exports of Burkina Faso to Romania have decreased at an annualized rate of 3.3%, from $1.66k in 2016 to $1.35k in 2022.

In 2017, Romania exported $3.99M to Burkina Faso. The main products exported from Romania to Burkina Faso were Refined Petroleum ($1.85M), Cars ($488k), and Electrical Power Accessories ($224k). During the last 5 years the exports of Romania to Burkina Faso have increased at an annualized rate of 3.15%, from $3.11M in 2022 to $3.99M in 2017.

Exports from Burkina Faso (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and Romania (Flag)

Romania Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Romania
Top DestinationGermany$18.8B

This map shows whether countries import more from Burkina Faso or Romania. Each country is colored based on the difference in imports they receive from Burkina Faso and Romania or the difference in the growth in imports.

In 2022, countries that imported more from Burkina Faso than Romania included Switzerland ($6.08B), Mali ($304M), and Cote d'Ivoire ($171M).

In 2022, countries that imported more from Romania than Burkina Faso included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

Difference in imports from Romania (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - Romania

Flow
Scale

This chart compares trade between Burkina Faso and Romania by product, considering products traded by both, Burkina Faso and Romania.

During 2022, Burkina Faso had a large net trade with Romania in the exports of Foodstuffs ($937), Chemical Products ($316), and Vegetable Products ($100).

During 2017, Romania had a large net trade with Burkina Faso in the exports of Mineral Products ($1.85M), Machines ($975k), and Transportation ($538k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Romania+$5.3kGold
Top Product Potential Romania Burkina Faso+$2.78MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Burkina Faso and Romania. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and Romania (Flag) (2022)

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