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2022
Flag → Flag
Exports $204kRnk 69 / 131
2022
Flag → Flag
Top Product $120kAircraft Parts
2022
Flag → Flag
Exports $391MRnk 65 / 138
2022
Flag → Flag
Top Product $333MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Burkina Faso-Russia Trade: In 2022, Burkina Faso exported $204k to Russia. The main products that Burkina Faso exported to Russia were Aircraft Parts ($120k) and Refined Petroleum ($83.8k). Over the past 5 years the exports of Burkina Faso to Russia have increased at an annualized rate of 11%, from $121k in 2017 to $204k in 2022.

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

Russia-Burkina Faso Trade: In 2022, Russia exported $391M to Burkina Faso. The main products that Russia exported to Burkina Faso were Refined Petroleum ($333M), Prepared Explosives ($30.9M), and Hot-Rolled Iron Bars ($12.7M). Over the past 5 years the exports of Russia to Burkina Faso have increased at an annualized rate of 58.8%,  from $38.8M in 2017 to $391M in 2022.

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.

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $204k to Russia. The main products exported from Burkina Faso to Russia were Aircraft Parts ($120k) and Refined Petroleum ($83.8k). During the last 5 years the exports of Burkina Faso to Russia have increased at an annualized rate of 11%, from $121k in 2017 to $204k in 2022.

In 2017, Russia exported $391M to Burkina Faso. The main products exported from Russia to Burkina Faso were Refined Petroleum ($333M), Prepared Explosives ($30.9M), and Hot-Rolled Iron Bars ($12.7M). During the last 5 years the exports of Russia to Burkina Faso have increased at an annualized rate of 58.8%, from $38.8M in 2022 to $391M in 2017.

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

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

Latest Data

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

Russia Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Burkina Faso than Russia included Switzerland ($6.08B), Mali ($304M), and Ghana ($53M).

In 2022, countries that imported more from Russia than Burkina Faso included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Burkina Faso - Russia

Flow
Scale

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

During 2022, Burkina Faso had a large net trade with Russia in the exports of Transportation ($120k) and Mineral Products ($83.8k).

During 2017, Russia had a large net trade with Burkina Faso in the exports of Mineral Products ($333M), Chemical Products ($39.2M), and Metals ($13.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Russia+$324kRefined Petroleum
Top Product Potential Russia Burkina Faso+$2.77MWheat

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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Burkina Faso (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Burkina Faso and Russia. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Burkina Faso.

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

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