Rwanda (RWA) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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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 0.58%, from $2.43M in 2017 to $2.5M in 2022.

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

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 1.57%, from $67.2M in 2017 to $55.6M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 0.58%, from $2.43M in 2017 to $2.5M in 2022.

In 2017, 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 1.57%, from $67.2M in 2022 to $55.6M in 2017.

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

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

Latest Data

Trade between Rwanda () and South Korea ()

Rwanda Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$568M

South Korea
Top DestinationChina$150B

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

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).

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

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

Comparative Advantage Rwanda - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Rwanda had a large net trade with South Korea in the exports of Vegetable Products ($2.24M), Machines ($148k), and Animal Hides ($76.8k).

During 2017, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda South Korea+$2.26MCoffee

Top Product Potential South Korea Rwanda+$2.87MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Rwanda () and South Korea ()

Rwanda Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Rwanda - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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