Flag Russia / Burkina Faso Flag

Exports FlagFlag  (2018): $219M, Rnk 90 / 187

Top Product FlagFlag (2018): $152M, Refined Petroleum

Exports FlagFlag (2018): $108k, Rnk 64 / 112

Top Product FlagFlag (2018): $103k, Other Pure Vegetable Oils

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI -1.46, Rnk 129 / 137

GDP Flag (2018): $1.66T, CURRENT US$
Rnk 11 / 196

GDP GROWTH Flag (2008-2018): -0.2%, CURRENT US$
Rnk 168 / 196

GDP Flag (2018): $14.1B, CURRENT US$
Rnk 128 / 196

GDP GROWTH Flag (2008-2018): 68.8%, CURRENT US$
Rnk 58 / 196

GDP PC Flag (2018): $11,289, CURRENT US$
Rnk 69 / 196

GDP PC GROWTH Flag (2008-2018): -2.98%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $715, CURRENT US$
Rnk 183 / 196

GDP PC GROWTH Flag (2008-2018): 25.5%, CURRENT US$
Rnk 94 / 196

Russia-Burkina Faso: In 2018, Russia exported $219M to Burkina Faso. The main products exported from Russia to Burkina Faso were Refined Petroleum ($152M), Wheat ($20.1M), and Nitrogenous Fertilizers ($19M). During the last 23 years the exports of Russia to Burkina Faso have increased at an annualized rate of 34.1%, from $255k in 1995 to $219M in 2018. In 2018, Russia exported services to Burkina Faso worth $3.4M, with Other business services ($3.3M) and Computer and information services ($100k) being the largest in terms of value.

Burkina Faso-Russia: In 2018, Burkina Faso exported $108k to Russia. The main products exported from Burkina Faso to Russia were Other Pure Vegetable Oils ($103k) and Refined Petroleum ($4.95k). During the last 23 years the exports of Burkina Faso to Russia have increased at an annualized rate of 19%, from $1.97k in 1995 to $108k in 2018.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Burkina Faso ranked 129 in the Economic Complexity Index (ECI -1.46), and 110 in total exports ($5.68B). In terms of GDP Per Capita, Russia was ranked 69 with a GDP Per Capita of $11,289, and Burkina Faso was ranked 183 with a GDP Per Capita of $715.

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $219M to Burkina Faso. The main products exported from Russia to Burkina Faso were Refined Petroleum ($152M), Wheat ($20.1M), and Nitrogenous Fertilizers ($19M). During the last 23 years the exports of Russia to Burkina Faso have increased at an annualized rate of 34.1%, from $255k in 1995 to $219M in 2018.

In 2018, Burkina Faso exported $108k to Russia. The main products exported from Burkina Faso to Russia were Other Pure Vegetable Oils ($103k) and Refined Petroleum ($4.95k). During the last 23 years the exports of Burkina Faso to Russia have increased at an annualized rate of 19%, from $1.97k in 1995 to $108k in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Burkina Faso
Top Destination
: Switzerland, $3.21B

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 2018, countries that imported more from Russia than Burkina Faso were China ($55.2B), Netherlands ($41B), and Germany ($23.3B).

In 2018, countries that imported more from Burkina Faso than Russia were Cote d'Ivoire ($210M), Niger ($18.3M), and Guinea-Bissau ($55.3k).

Comparative Advantage Russia - Burkina Faso

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Depth

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

During 2018, Russia had a large net trade with Burkina Faso in the exports of Mineral Products ($154M), Chemical Products ($35.3M), and Vegetable Products ($21.2M).

During 2018, Burkina Faso had a large net trade with Russia in the exports of Animal and Vegetable Bi-Products ($103k) and Mineral Products ($4.95k).

Trade Forecasts

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This section shows a forecast for total trade between Russia and Burkina Faso. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2018, Russia exported services to Burkina Faso worth $3.4M, with Other business services ($3.3M) and Computer and information services ($100k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Burkina Faso. Similarly, the more red a dot/product is, the more Burkina Faso has comparative advantage over Russia.