Overview: In 2018 Rwanda was the number 143 economy in the world in terms of GDP (current US$), the number 152 in total exports, and the number 156 in total imports. In 2018, Rwanda exported $970M and imported $1.98B, resulting in a negative trade balance of -$1.01B. In 2018, Rwanda's exports per capita were $78.8 and its imports per capita were $161.
In 2018 Rwanda exported a total of $970M, making it the number 152 exporter in the world. During the last five reported years the exports of Rwanda have changed by $93.8M from $876M in 2013 to $970M in 2018.
In 2018 Rwanda imported $1.98B, making it the number 156 trade destination in the world. During the last five reported years the imports of Rwanda changed by -$91.8M from $2.07B in 2013 to $1.98B in 2018.
In 2015, Rwanda exported $493M worth of services. The top services exported by Rwanda in 2015 were Government services, n.i.e. ($251M), Business travel ($98.4M), Air transport ($87.6M), Communications services ($21.8M), and Construction abroad ($10.5M).
The top services imported by Rwanda in 2015 were Other transport ($199M), Miscellaneous business, professional, and technical services ($160M), Government services, n.i.e. ($145M), Air transport ($143M), and Sea transport ($133M).
This section shows forecasts for total product exports and imports for Rwanda. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Rwanda are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States136: Most Favoured Nation duty rate treatement200: Preferential tariff for East African Community (EAC)211: Preferential tariff for Eritrea (COMESA)214: Preferential tariff for Ethiopia (COMESA)
The top export opportunities for Rwanda according to the relatedness index, are Insect Resins (0.064), Other Oily Seeds (0.063), Raw Cotton (0.061), Crustaceans (0.06), and Perfume Plants (0.057). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Rwanda is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Rwanda
