2022
Exports
$25.1MWorld Rnk 131 / 214
Flag Rnk 11 / 696
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$1.19BWorld Rnk 104 / 225
Flag Rnk 1 / 1061
2022
ECONOMIC COMPLEXITY of Burkina Faso
-1.91Rnk 131 / 133

About

Exports In 2022, Burkina Faso exported $25.1M in Refined Petroleum, making it the 131st 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 ($7.18M), Turkey ($6.85M), United States ($2.69M), Senegal ($1.25M), and Belgium ($926k).

The fastest growing export markets for Refined Petroleum of Burkina Faso between 2021 and 2022 were Turkey ($4.21M), Ethiopia ($3.84M), and United States ($1.97M).

Imports In 2022, Burkina Faso imported $1.19B in Refined Petroleum, becoming the 104th 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: Cote d'Ivoire ($350M), Russia ($333M), United Arab Emirates ($105M), Ghana ($102M), and South Korea ($58.7M).

The fastest growing import markets in Refined Petroleum for Burkina Faso between 2021 and 2022 were Russia ($330M), Cote d'Ivoire ($225M), and United Arab Emirates ($96.3M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.1M
IMPORTS (2022)$1.19B
NET TRADE (2022)-$1.17B

In 2022, Burkina Faso exported $25.1M in Refined Petroleum. The main destinations of Burkina Faso exports on Refined Petroleum were Ethiopia ($7.18M), Turkey ($6.85M), United States ($2.69M), Senegal ($1.25M), and Belgium ($926k).

In 2022, Burkina Faso imported $1.19B in Refined Petroleum, mainly from Cote d'Ivoire ($350M), Russia ($333M), United Arab Emirates ($105M), Ghana ($102M), and South Korea ($58.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Burkina Faso WERE (2021 - 2022):
Turkey$4.21M (159%)
Ethiopia$3.84M (115%)
United States$1.97M (274%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Burkina Faso WERE (2021 - 2022):
Morocco-$92.6k (-43.8%)
Malta-$45.8k (-75.8%)
Germany-$41.9k (-87.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Burkina Faso's main exporting competitors in Refined Petroleum were:
In 2022, Burkina Faso's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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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.

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