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

About

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.

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.

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

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 2022, 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 2017 to $391M in 2022.

In 2017, 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 2022 to $204k in 2017.

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

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

Market Competitiveness

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

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

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

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

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 2022, Russia had a large net trade with Burkina Faso in the exports of Mineral Products ($333M), Chemical Products ($39.2M), and Metals ($13.6M).

During 2017, Burkina Faso had a large net trade with Russia in the exports of Transportation ($120k) and Mineral Products ($83.8k).

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) (2022)

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