2023
Exports
$21.7MWorld Rnk 138 / 214
Flag Rnk 11 / 748
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$1.64BWorld Rnk 90 / 226
Flag Rnk 1 / 1066
2023
ECONOMIC COMPLEXITY of Burkina Faso
-1.36Rnk 124 / 132

About

Exports In 2023, Burkina Faso exported $21.7M in Refined Petroleum, making it the 138th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most exported product in Burkina Faso. The main destination of Refined Petroleum exports from Burkina Faso are: Ethiopia ($7.27M), Turkey ($4.79M), United States ($2.94M), Belgium ($1.22M), and Morocco ($827k).

The fastest growing export markets for Refined Petroleum of Burkina Faso between 2022 and 2023 were Morocco ($821k), Togo ($433k), and Indonesia ($367k).

Imports In 2023, Burkina Faso imported $1.64B in Refined Petroleum, becoming the 90th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Burkina Faso. Burkina Faso imports Refined Petroleum primarily from: Russia ($464M), Cote d'Ivoire ($403M), Ghana ($127M), Netherlands ($103M), and Belgium ($102M).

The fastest growing import markets in Refined Petroleum for Burkina Faso between 2022 and 2023 were Russia ($90.2M), Cote d'Ivoire ($67.7M), and Norway ($43.2M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$21.7M
IMPORTS (2023)$1.64B
NET TRADE (2023)-$1.62B

In 2023, Burkina Faso exported $21.7M in Refined Petroleum. The main destinations of Burkina Faso exports on Refined Petroleum were Ethiopia ($7.27M), Turkey ($4.79M), United States ($2.94M), Belgium ($1.22M), and Morocco ($827k).

In 2023, Burkina Faso imported $1.64B in Refined Petroleum, mainly from Russia ($464M), Cote d'Ivoire ($403M), Ghana ($127M), Netherlands ($103M), and Belgium ($102M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Burkina Faso WERE (2022 - 2023):
Morocco$821k (12k%)
Togo$433k (437%)
Indonesia$367k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Burkina Faso WERE (2022 - 2023):
Turkey-$2M (-29.4%)
Mozambique-$679k (-100%)
Senegal-$640k (-51.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Burkina Faso's main exporting competitors in Refined Petroleum were:
In 2023, Burkina Faso's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.98M
TOP IMPORT POTENTIALNetherlands+ $25.8M

Refined Petroleum’s highest export potential is United States. With an export gap of $8.98M.   Refined Petroleum’s highest import potential is Netherlands with an import gap of $25.8M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with