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2023
Flag → Flag
Exports $56.3MRnk 130 / 220
2023
Flag → Flag
Top Product $7.23MConcentrated Milk
2023
Flag → Flag
Exports $4.89MRnk 18 / 110
2023
Flag → Flag
Top Product $2.75MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$14.1BCURRENT US$
Rnk 140 / 195
2013-2023
Flag
GDP GROWTH80.3%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$1,010CURRENT US$
Rnk 176 / 196
2013-2023
Flag
GDP PC GROWTH43.3%CURRENT US$
Rnk 55 / 195

About

Belgium-Rwanda Trade: In 2023, Belgium exported $56.3M to Rwanda. The main products that Belgium exported to Rwanda were Concentrated Milk ($7.23M), Malt ($7.05M), and Packaged Medicaments ($6.54M). Over the past 5 years the exports of Belgium to Rwanda have decreased at an annualized rate of 4.52%, from $71M in 2018 to $56.3M in 2023.

In 2023, Belgium did not export any services to Rwanda.

Rwanda-Belgium Trade: In 2023, Rwanda exported $4.89M to Belgium. The main products that Rwanda exported to Belgium were Coffee ($2.75M), Non-Knit Women's Coats ($927k), and Non-Knit Men's Coats ($859k). Over the past 5 years the exports of Rwanda to Belgium have decreased at an annualized rate of 27.4%,  from $24.3M in 2018 to $4.89M in 2023.

In 2023, Rwanda did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €4.08M and imported €593k from Rwanda, resulting in a positive trade balance of €3.49M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-1.28M (-23.9%) from €5.37M to €4.08M, while imports increased by €293k (97.9%) from €300k to €593k.

Trade In October 2024, the top exports of Belgium to Rwanda were Pharmaceutical products (€3.21M), Edible products of animal origin, n.e.s. (€518k), Cars, tractors, trucks & parts thereof. (€443k), Machinery, mechanical appliances, & parts (€275k), and Miscellaneous edible preparations (€166k). In October 2024 the top imports of Belgium from Rwanda were Coffee, tea, mate & spices (€505k), Edible vegetables, roots, & tubers (€28.4k), and Pharmaceutical products (€1.05k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Rwanda was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-291k or -51.4%), Products of the milling industry (€-256k or -99.5%), and Used clothes & textile articles (€-156k or -96.9%). In October 2024, the increase in Belgium's year-by-year imports  from Rwanda was explained primarily by an increase in product imports  in Coffee, tea, mate & spices (€292k or 137%) and Edible vegetables, roots, & tubers (€24k or 543%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-1.28M(-23.9%)
IMPORT GROWTH (October 2023 - October 2024)€293k(97.9%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Rwanda and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Rwanda and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $56.3M to Rwanda. The main products exported from Belgium to Rwanda were Concentrated Milk ($7.23M), Malt ($7.05M), and Packaged Medicaments ($6.54M). During the last 5 years the exports of Belgium to Rwanda have decreased at an annualized rate of 4.52%, from $71M in 2018 to $56.3M in 2023.

In 2018, Rwanda exported $4.89M to Belgium. The main products exported from Rwanda to Belgium were Coffee ($2.75M), Non-Knit Women's Coats ($927k), and Non-Knit Men's Coats ($859k). During the last 5 years the exports of Rwanda to Belgium have decreased at an annualized rate of 27.4%, from $24.3M in 2023 to $4.89M in 2018.

Exports from Belgium (Flag) to Rwanda (Flag) (2023)

Exports from Rwanda (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Rwanda
Top DestinationUnited Arab Emirates$895M

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

In 2023, countries that imported more from Belgium than Rwanda included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, no countries were registered that imported more from Rwanda than from Belgium.

Difference in imports from Rwanda (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Rwanda

Flow
Scale

This chart compares trade between Belgium and Rwanda by product, considering products traded by both, Belgium and Rwanda.

During 2023, Belgium had a large net trade with Rwanda in the exports of Chemical Products ($13.8M), Animal Products ($8.2M), and Machines ($7.33M).

During 2018, Rwanda had a large net trade with Belgium in the exports of Vegetable Products ($2.9M), Textiles ($1.81M), and Stone And Glass ($132k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Rwanda+$3.99MVaccines, blood, antisera, toxins and cultures
Top Product Potential Rwanda Belgium+$2.8MCoffee

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 Belgium and Rwanda. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Rwanda. Similarly, a dot/product with the flag of Rwanda indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Rwanda (Flag) (2023)

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