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2023
Flag → Flag
Exports $13.8kRnk 96 / 125
2023
Flag → Flag
Top Product $13.7kPerfume Plants
2023
Flag → Flag
Exports $2.35MRnk 130 / 199
2023
Flag → Flag
Top Product $433kOther Plastic Products
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC $883CURRENT US$
Rnk 182 / 195
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195
2023
Flag
GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Burkina Faso-Romania Trade: In 2023, Burkina Faso exported $13.8k to Romania. The main products that Burkina Faso exported to Romania were Perfume Plants ($13.7k), Electrical Capacitors ($151), and Electrical Resistors ($31). Over the past 5 years the exports of Burkina Faso to Romania have increased at an annualized rate of 28.3%, from $3.99k in 2018 to $13.8k in 2023.

In 2023, Burkina Faso did not export any services to Romania.

Romania-Burkina Faso Trade: In 2023, Romania exported $2.35M to Burkina Faso. The main products that Romania exported to Burkina Faso were Other Plastic Products ($433k), Cars ($283k), and Packaged Medicaments ($260k). Over the past 5 years the exports of Romania to Burkina Faso have decreased at an annualized rate of 5.74%,  from $4.25M in 2018 to $2.35M in 2023.

In 2023, Romania did not export any services to Burkina Faso.

Comparison: In 2023,  Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Burkina Faso exported $13.8k to Romania. The main products exported from Burkina Faso to Romania were Perfume Plants ($13.7k), Electrical Capacitors ($151), and Electrical Resistors ($31). During the last 5 years the exports of Burkina Faso to Romania have increased at an annualized rate of 28.3%, from $3.99k in 2018 to $13.8k in 2023.

In 2018, Romania exported $2.35M to Burkina Faso. The main products exported from Romania to Burkina Faso were Other Plastic Products ($433k), Cars ($283k), and Packaged Medicaments ($260k). During the last 5 years the exports of Romania to Burkina Faso have decreased at an annualized rate of 5.74%, from $4.25M in 2023 to $2.35M in 2018.

Exports from Burkina Faso (Flag) to Romania (Flag) (2023)

Exports from Romania (Flag) to Burkina Faso (Flag) (2023)

Latest Data

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

Romania Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6B
Romania
Top DestinationGermany$19.9B

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 2023, countries that imported more from Burkina Faso than Romania included Switzerland ($6B), Mali ($268M), and United Arab Emirates ($815M).

In 2023, countries that imported more from Romania than Burkina Faso included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

Difference in imports from Romania (Flag) and Burkina Faso (Flag) (2023)

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 2023, Burkina Faso had a large net trade with Romania in the exports of Vegetable Products ($13.7k) and Machines ($186).

During 2018, Romania had a large net trade with Burkina Faso in the exports of Machines ($517k), Plastics and Rubbers ($471k), and Transportation ($298k).

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) (2023)

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