Rwanda (RWA) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Rwanda-Thailand Trade: In 2023, Rwanda exported $31.5M to Thailand. The main products that Rwanda exported to Thailand were Tin Ores ($19.7M), Niobium, Tantalum, Vanadium and Zirconium Ore ($11.3M), and Scrap Tin ($534k). Over the past 5 years the exports of Rwanda to Thailand have decreased at an annualized rate of 15.8%, from $74.5M in 2018 to $31.5M in 2023.

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

Thailand-Rwanda Trade: In 2023, Thailand exported $2.42M to Rwanda. The main products that Thailand exported to Rwanda were Uncoated Paper ($508k), Delivery Trucks ($378k), and Rubber Tires ($295k). Over the past 5 years the exports of Thailand to Rwanda have decreased at an annualized rate of 38.6%, from $27.8M in 2018 to $2.42M in 2023.

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

Comparison In 2023, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index. That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Rwanda exported $31.5M to Thailand. The main products exported from Rwanda to Thailand were Tin Ores ($19.7M), Niobium, Tantalum, Vanadium and Zirconium Ore ($11.3M), and Scrap Tin ($534k). During the last 5 years the exports of Rwanda to Thailand have decreased at an annualized rate of 15.8%, from $74.5M in 2018 to $31.5M in 2023.

In 2018, Thailand exported $2.42M to Rwanda. The main products exported from Thailand to Rwanda were Uncoated Paper ($508k), Delivery Trucks ($378k), and Rubber Tires ($295k). During the last 5 years the exports of Thailand to Rwanda have decreased at an annualized rate of 38.6%, from $27.8M in 2023 to $2.42M in 2018.

Exports from Rwanda () to Thailand () (2023)

Exports from Thailand () to Rwanda () (2023)

Latest Data

Trade between Rwanda () and Thailand ()

Rwanda Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$895M

Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Rwanda included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand () and Rwanda () (2023)

Comparative Advantage Rwanda - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Rwanda had a large net trade with Thailand in the exports of Mineral Products ($31M), Metals ($534k), and Precious Metals ($22.7k).

During 2018, Thailand had a large net trade with Rwanda in the exports of Plastics and Rubbers ($642k), Transportation ($517k), and Paper Goods ($508k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Thailand+$137kPrecious Stones

Top Product Potential Thailand Rwanda+$905kDelivery Trucks

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

About

Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Thailand () (2023)

Exports from Thailand () to Rwanda () (2023)

Latest Data

Trade between Rwanda () and Thailand ()

Rwanda Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Rwanda () (2023)

Comparative Advantage Rwanda - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Rwanda () and Thailand () (2023)

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