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Pricing

2022
Flag → Flag
Exports $55.6MRnk 126 / 220
2022
Flag → Flag
Top Product $8.04MCars
2022
Flag → Flag
Exports $2.5MRnk 39 / 142
2022
Flag → Flag
Top Product $2.12MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186

About

South Korea-Rwanda Trade: In 2022, South Korea exported $55.6M to Rwanda. The main products that South Korea exported to Rwanda were Cars ($8.04M), Integrated Circuits ($7.37M), and Telephones ($4.14M). Over the past 5 years the exports of South Korea to Rwanda have decreased at an annualized rate of 3.72%, from $67.2M in 2017 to $55.6M in 2022.

In 2022, South Korea did not export any services to Rwanda.

Rwanda-South Korea Trade: In 2022, Rwanda exported $2.5M to South Korea. The main products that Rwanda exported to South Korea were Coffee ($2.12M), Computers ($122k), and Cut Flowers ($118k). Over the past 5 years the exports of Rwanda to South Korea have increased at an annualized rate of 0.48%,  from $2.43M in 2017 to $2.5M in 2022.

In 2022, Rwanda did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $1.86M and imported $206k from Rwanda, resulting in a positive trade balance of $1.65M. Between September 2023 and September 2024 the exports of South Korea have increased by $989k (114%) from $866k to $1.86M, while imports decreased by $-32k (-13.4%) from $238k to $206k.

Trade In September 2024, the top exports of South Korea to Rwanda were Cars, tractors, trucks & parts thereof. ($683k), Fish, crustaceans, & molluscs ($252k), Machinery, mechanical appliances, & parts ($120k), Man-made staple fibres ($41k), and Electrical machinery and electronics ($18k). In September 2024 the top imports of South Korea from Rwanda were Coffee, tea, mate & spices ($218k), Machinery, mechanical appliances, & parts ($8k), Fish, crustaceans, & molluscs ($0), Miscellaneous edible preparations ($0), and Soap, cleaners, candles, dental, modelling pastes ($0).

Growth In September 2024, the increase in South Korea's year-by-year exports to Rwanda was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($473k or 225%), Fish, crustaceans, & molluscs ($227k or 908%), and Machinery, mechanical appliances, & parts ($57k or 90.5%). In September 2024, the decrease in South Korea's year-by-year imports  from Rwanda was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$989k(114%)
IMPORT GROWTH (September 2023 - September 2024)$-32k(-13.4%)

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

To check Rwanda and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Rwanda and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $55.6M to Rwanda. The main products exported from South Korea to Rwanda were Cars ($8.04M), Integrated Circuits ($7.37M), and Telephones ($4.14M). During the last 5 years the exports of South Korea to Rwanda have decreased at an annualized rate of 3.72%, from $67.2M in 2017 to $55.6M in 2022.

In 2017, Rwanda exported $2.5M to South Korea. The main products exported from Rwanda to South Korea were Coffee ($2.12M), Computers ($122k), and Cut Flowers ($118k). During the last 5 years the exports of Rwanda to South Korea have increased at an annualized rate of 0.48%, from $2.43M in 2022 to $2.5M in 2017.

Exports from South Korea (Flag) to Rwanda (Flag) (2022)

Exports from Rwanda (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Rwanda
Top DestinationUnited Arab Emirates$568M

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

In 2022, countries that imported more from South Korea than Rwanda included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Rwanda than South Korea included Democratic Republic of the Congo ($450M), South Sudan ($22M), and Burundi ($5.9M).

Difference in imports from Rwanda (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Rwanda

Flow
Scale

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

During 2022, South Korea had a large net trade with Rwanda in the exports of Machines ($21.9M), Transportation ($9.06M), and Plastics and Rubbers ($8.07M).

During 2017, Rwanda had a large net trade with South Korea in the exports of Vegetable Products ($2.24M), Machines ($148k), and Animal Hides ($76.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Rwanda+$2.87MCars
Top Product Potential Rwanda South Korea+$2.26MCoffee

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

Product Space of South Korea (Flag) and Rwanda (Flag) (2022)

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