Armenia (ARM) and Rwanda (RWA) Trade | The Observatory of Economic Complexity

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Armenia-Rwanda Trade: In 2021, Armenia exported $121 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 $121 in 2021.

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

Rwanda-Armenia Trade: In 2021, Rwanda exported $65.4k to Armenia. The main products that Rwanda exported to Armenia were Paper Labels ($17k), Non-Knit Women's Coats ($13.7k), and Other Oily Seeds ($9.98k). Over the past 6 years the exports of Rwanda to Armenia have increased at an annualized rate of 34.3%, from $14.9k in 2015 to $65.4k in 2021.

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

Comparison In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Armenia exported $121 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 $121 in 2021.

In 2018, Rwanda exported $65.4k to Armenia. The main products exported from Rwanda to Armenia were Paper Labels ($17k), Non-Knit Women's Coats ($13.7k), and Other Oily Seeds ($9.98k). During the last 5 years the exports of Rwanda to Armenia have increased at an annualized rate of 34.3%, from $14.9k in 2023 to $65.4k in 2018.

Exports from Armenia () to Rwanda () (2023)

Exports from Rwanda () to Armenia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Rwanda
Top DestinationUnited Arab Emirates$895M

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 2023, countries that imported more from Armenia than Rwanda included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Rwanda than Armenia included Kenya ($34.5M), Pakistan ($26.8M), and Thailand ($31.5M).

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

Comparative Advantage Armenia - Rwanda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2018, Rwanda had a large net trade with Armenia in the exports of Vegetable Products ($17.9k), Textiles ($17k), and Paper Goods ($17k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Rwanda () (2023)

Exports from Rwanda () to Armenia () (2023)

Market Competitiveness

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

Comparative Advantage Armenia - Rwanda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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