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2022
Flag → Flag
Exports $3.99MRnk 121 / 196
2022
Flag → Flag
Top Product $1.85MRefined Petroleum
2022
Flag → Flag
Exports $1.49kRnk 113 / 131
2022
Flag → Flag
Top Product $937Other Processed Fruits and Nuts
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
GDP PC $15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 174 / 186
2012-2022
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GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186

About

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 5 years the exports of Romania to Burkina Faso have increased at an annualized rate of 5.09%, from $3.11M in 2017 to $3.99M in 2022.

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

Burkina Faso-Romania In N/A, Burkina Faso did not export any products to Romania.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 5.09%, from $3.11M in 2017 to $3.99M in 2022.

Burkina Faso does not register exports 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).

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

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

Latest Data

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

Romania Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Romania - Burkina Faso

Flow
Scale

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

During 2022, 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 Romania Burkina Faso+$2.78MRefined Petroleum
Top Product Potential Burkina Faso Romania+$5.3kGold

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 Romania and Burkina Faso. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Burkina Faso. Similarly, a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Romania.

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

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