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Pricing

2021
Flag → Flag
Exports $119Rnk 40 / 0
2021
Flag → Flag
Exports $97.3kRnk 76 / 142
2021
Flag → Flag
Top Product $62.1kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 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 $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186

About

Armenia-Rwanda Trade: In 2021, Armenia exported $119 to Rwanda. The main products that Armenia exported to Rwanda were N/A. Over the past 6 years the exports of Armenia to Rwanda have decreased at an annualized rate of 68.6%, from $125k in 2015 to $119 in 2021.

In 2021, Armenia did not export any services to Rwanda.

Rwanda-Armenia Trade: In 2021, Rwanda exported $97.3k to Armenia. The main products that Rwanda exported to Armenia were Refined Petroleum ($62.1k), Petroleum Gas ($16.7k), and Other Oily Seeds ($6.83k). Over the past 6 years the exports of Rwanda to Armenia have increased at an annualized rate of 33.3%,  from $23.1k in 2015 to $97.3k in 2021.

In 2021, Rwanda did not export any services to Armenia.

Comparison: In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Armenia exported $119 to Rwanda. There were not main exports from Armenia to Rwanda in 2021. During the last 6 years the exports of Armenia to Rwanda have decreased at an annualized rate of 68.6%, from $125k in 2015 to $119 in 2021.

In 2017, Rwanda exported $97.3k to Armenia. The main products exported from Rwanda to Armenia were Refined Petroleum ($62.1k), Petroleum Gas ($16.7k), and Other Oily Seeds ($6.83k). During the last 5 years the exports of Rwanda to Armenia have increased at an annualized rate of 33.3%, from $23.1k in 2022 to $97.3k in 2017.

Exports from Armenia (Flag) to Rwanda (Flag) (2022)

Exports from Rwanda (Flag) to Armenia (Flag) (2022)

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Rwanda
Top DestinationUnited Arab Emirates$568M

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

In 2022, countries that imported more from Armenia than Rwanda included Russia ($2.36B), China ($420M), and Georgia ($260M).

In 2022, countries that imported more from Rwanda than Armenia included Democratic Republic of the Congo ($450M), Thailand ($83.9M), and Ethiopia ($55.2M).

Difference in imports from Rwanda (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Rwanda

Flow
Scale

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

During 2021, Armenia had a large net trade with Rwanda in the exports of .

During 2017, Rwanda had a large net trade with Armenia in the exports of Mineral Products ($78.8k), Vegetable Products ($9.57k), and Textiles ($5.78k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Rwanda+$1.87kTelephones
Top Product Potential Rwanda Armenia+$18.8kRefined Petroleum

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

Product Space of Armenia (Flag) and Rwanda (Flag) (2022)

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