Austria (AUT) and Rwanda (RWA) Trade | The Observatory of Economic Complexity

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Austria-Rwanda Trade: In 2023, Austria exported $4.02M to Rwanda. The main products that Austria exported to Rwanda were Hydraulic Turbines ($1.72M), Flavored Water ($614k), and Aircraft Launch Gear ($476k). Over the past 5 years the exports of Austria to Rwanda have increased at an annualized rate of 10.9%, from $2.4M in 2018 to $4.02M in 2023.

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

Rwanda-Austria Trade: In 2023, Rwanda exported $421k to Austria. The main products that Rwanda exported to Austria were Coffee ($217k), Other Engines ($62.6k), and Non-Knit Women's Coats ($52.2k). Over the past 5 years the exports of Rwanda to Austria have decreased at an annualized rate of 26.2%, from $1.92M in 2018 to $421k in 2023.

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

Comparison In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). 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 2023, Austria exported $4.02M to Rwanda. The main products exported from Austria to Rwanda were Hydraulic Turbines ($1.72M), Flavored Water ($614k), and Aircraft Launch Gear ($476k). During the last 5 years the exports of Austria to Rwanda have increased at an annualized rate of 10.9%, from $2.4M in 2018 to $4.02M in 2023.

In 2018, Rwanda exported $421k to Austria. The main products exported from Rwanda to Austria were Coffee ($217k), Other Engines ($62.6k), and Non-Knit Women's Coats ($52.2k). During the last 5 years the exports of Rwanda to Austria have decreased at an annualized rate of 26.2%, from $1.92M in 2023 to $421k in 2018.

Exports from Austria () to Rwanda () (2023)

Exports from Rwanda () to Austria () (2023)

Latest Data

Trade between Austria () and Rwanda ()

Austria Exports

Date

Rwanda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Rwanda
Top DestinationUnited Arab Emirates$895M

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

In 2023, countries that imported more from Austria than Rwanda included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Rwanda than Austria included Uganda ($11M).

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

Comparative Advantage Austria - Rwanda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Rwanda in the exports of Machines ($1.88M), Foodstuffs ($845k), and Transportation ($508k).

During 2018, Rwanda had a large net trade with Austria in the exports of Vegetable Products ($223k), Machines ($92.2k), and Textiles ($53.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Rwanda+$406kFlavored Water

Top Product Potential Rwanda Austria+$234kCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Rwanda () (2023)

Exports from Rwanda () to Austria () (2023)

Latest Data

Trade between Austria () and Rwanda ()

Austria Exports

Rwanda Exports

Market Competitiveness

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

Comparative Advantage Austria - Rwanda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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