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2023
Flag → Flag
Exports $524MRnk 47 / 137
2023
Flag → Flag
Top Product $464MRefined Petroleum
2023
Flag → Flag
Exports $306kRnk 58 / 125
2023
Flag → Flag
Top Product $179kAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Russia-Burkina Faso Trade: In 2023, Russia exported $524M to Burkina Faso. The main products that Russia exported to Burkina Faso were Refined Petroleum ($464M), Prepared Explosives ($42.4M), and Nitrogenous Fertilizers ($11.7M). Over the past 5 years the exports of Russia to Burkina Faso have increased at an annualized rate of 16.8%, from $241M in 2018 to $524M in 2023.

In 2020, Russia exported services to Burkina Faso worth $5.16M, with Other business services ($3.62M), Computer and information services ($769k), and Transportation ($761k) being the largest in terms of value.

Burkina Faso-Russia Trade: In 2023, Burkina Faso exported $306k to Russia. The main products that Burkina Faso exported to Russia were Aircraft parts (gliders, balloons, and powered aircraft) ($179k), Gas Turbines ($101k), and Refined Petroleum ($22.7k). Over the past 5 years the exports of Burkina Faso to Russia have increased at an annualized rate of 22.6%,  from $110k in 2018 to $306k in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $1.04M and imported $23k from Burkina Faso, resulting in a positive trade balance of $1.02M. Between January 2021 and January 2022 the exports of Russia have decreased by $-135k (-11.5%) from $1.18M to $1.04M, while imports increased by $17.8k (342%) from $5.2k to $23k.

Trade In January 2022, the top exports of Russia to Burkina Faso were Wheat ($693k), Other Iron Products ($477k), and Other Construction Vehicles ($7k). In January 2022 the top imports of Russia from Burkina Faso were Spark-Ignition Engines ($5.2k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($657k), VOLOGDA REGION ($358k), and ST. PETERSBURG ($26.9k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($23k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Burkina Faso was explained primarily by an decrease in product exports in . In January 2022, the increase in Russia's year-by-year imports  from Burkina Faso was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-135k(-11.5%)
IMPORT GROWTH (January 2021 - January 2022)$17.8k(342%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$657k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Burkina Faso and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Burkina Faso and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $524M to Burkina Faso. The main products exported from Russia to Burkina Faso were Refined Petroleum ($464M), Prepared Explosives ($42.4M), and Nitrogenous Fertilizers ($11.7M). During the last 5 years the exports of Russia to Burkina Faso have increased at an annualized rate of 16.8%, from $241M in 2018 to $524M in 2023.

In 2018, Burkina Faso exported $306k to Russia. The main products exported from Burkina Faso to Russia were Aircraft parts (gliders, balloons, and powered aircraft) ($179k), Gas Turbines ($101k), and Refined Petroleum ($22.7k). During the last 5 years the exports of Burkina Faso to Russia have increased at an annualized rate of 22.6%, from $110k in 2023 to $306k in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Russia than Burkina Faso included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Burkina Faso than Russia included Switzerland ($6B), Mali ($268M), and Togo ($114M).

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

Comparative Advantage Russia - Burkina Faso

Flow
Scale

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

During 2023, Russia had a large net trade with Burkina Faso in the exports of Mineral Products ($464M), Chemical Products ($55.4M), and Metals ($4.17M).

During 2018, Burkina Faso had a large net trade with Russia in the exports of Transportation ($179k), Machines ($104k), and Mineral Products ($22.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Burkina Faso+$2.77MWheat
Top Product Potential Burkina Faso Russia+$324kRefined 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 Russia and Burkina Faso. This means that a dot/product with the flag of Russia 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 Russia.

Product Space of Russia (Flag) and Burkina Faso (Flag) (2023)

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