Overview: In 2019 Rwanda was the number 141 economy in the world in terms of GDP (current US$), the number 147 in total exports, the number 153 in total imports,
the number 169 economy in terms of GDP per capita (current US$) and the number 115 most complex economy according to the Economic Complexity Index (ECI).
In 2019, Rwanda exported a total of $1.35B, making it the number 147 exporter in the world. During the last five reported years the exports of Rwanda have changed by $618M from $731M in 2014 to $1.35B in 2019.
In 2019 Rwanda imported $2.81B, making it the number 153 trade destination in the world. During the last five reported years the imports of Rwanda changed by $791M from $2.02B in 2014 to $2.81B in 2019.
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).
*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)
During the last 20 years Rwanda's economy has become relatively less complex, moving from the 100th to the 115th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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.