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Pricing

2022
Flag → Flag
Exports $69.9MRnk 122 / 222
2022
Flag → Flag
Top Product $6.84MMalt
2022
Flag → Flag
Exports $16.6MRnk 17 / 142
2022
Flag → Flag
Top Product $3.45MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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 $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186

About

Belgium-Rwanda Trade: In 2022, Belgium exported $69.9M to Rwanda. The main products that Belgium exported to Rwanda were Malt ($6.84M), Concentrated Milk ($6.11M), and Packaged Medicaments ($5.89M). Over the past 5 years the exports of Belgium to Rwanda have increased at an annualized rate of 3.11%, from $60M in 2017 to $69.9M in 2022.

In 2022, Belgium did not export any services to Rwanda.

Rwanda-Belgium Trade: In 2022, Rwanda exported $16.6M to Belgium. The main products that Rwanda exported to Belgium were Coffee ($3.45M), Spark-Ignition Engines ($2.39M), and Niobium, Tantalum, Vanadium and Zirconium Ore ($1.65M). Over the past 5 years the exports of Rwanda to Belgium have decreased at an annualized rate of 3.44%,  from $39.9M in 2017 to $16.6M in 2022.

In 2022, Rwanda did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €4.63M and imported €182k from Rwanda, resulting in a positive trade balance of €4.45M. Between July 2023 and July 2024 the exports of Belgium have increased by €205k (4.64%) from €4.42M to €4.63M, while imports increased by €74.8k (69.7%) from €107k to €182k.

Trade In July 2024, the top exports of Belgium to Rwanda were Pharmaceutical products (€3.21M), Edible products of animal origin, n.e.s. (€518k), Cars, tractors, trucks & parts thereof. (€443k), Machinery, mechanical appliances, & parts (€275k), and Miscellaneous edible preparations (€166k). In July 2024 the top imports of Belgium from Rwanda were Coffee, tea, mate & spices (€505k), Edible vegetables, roots, & tubers (€28.4k), and Pharmaceutical products (€1.05k).

Growth In July 2024, the increase in Belgium's year-by-year exports to Rwanda was explained primarily by an increase in product exports in Pharmaceutical products (€2.91M or 998%), Edible products of animal origin, n.e.s. (€508k or 5.27k%), and Cars, tractors, trucks & parts thereof. (€284k or 178%). In July 2024, the increase in Belgium's year-by-year imports  from Rwanda was explained primarily by an increase in product imports  in Coffee, tea, mate & spices (€292k or 137%) and Edible vegetables, roots, & tubers (€24k or 543%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€205k(4.64%)
IMPORT GROWTH (July 2023 - July 2024)€74.8k(69.7%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Rwanda and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Rwanda and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $69.9M to Rwanda. The main products exported from Belgium to Rwanda were Malt ($6.84M), Concentrated Milk ($6.11M), and Packaged Medicaments ($5.89M). During the last 5 years the exports of Belgium to Rwanda have increased at an annualized rate of 3.11%, from $60M in 2017 to $69.9M in 2022.

In 2017, Rwanda exported $16.6M to Belgium. The main products exported from Rwanda to Belgium were Coffee ($3.45M), Spark-Ignition Engines ($2.39M), and Niobium, Tantalum, Vanadium and Zirconium Ore ($1.65M). During the last 5 years the exports of Rwanda to Belgium have decreased at an annualized rate of 3.44%, from $39.9M in 2022 to $16.6M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Rwanda
Top DestinationUnited Arab Emirates$568M

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

In 2022, countries that imported more from Belgium than Rwanda included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Rwanda than Belgium included South Sudan ($22M) and North Korea ($436k).

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

Comparative Advantage Belgium - Rwanda

Flow
Scale

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

During 2022, Belgium had a large net trade with Rwanda in the exports of Chemical Products ($19.6M), Machines ($12.6M), and Vegetable Products ($7.54M).

During 2017, Rwanda had a large net trade with Belgium in the exports of Mineral Products ($4.93M), Vegetable Products ($3.86M), and Textiles ($3.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Rwanda+$3.99MVaccines, blood, antisera, toxins and cultures
Top Product Potential Rwanda Belgium+$2.8MCoffee

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

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

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