2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH
73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 55 / 186

About

Bolivia-Rwanda Trade: In 2022, Bolivia exported $16 to Rwanda. The main products that Bolivia exported to Rwanda were Coconuts, Brazil Nuts, and Cashews ($16). Over the past 8 years the exports of Bolivia to Rwanda have decreased at an annualized rate of 55.8%, from $11k in 2014 to $16 in 2022.

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

Rwanda-Bolivia Trade: In 2022, Rwanda exported $11.1k to Bolivia. The main products that Rwanda exported to Bolivia were Other Furniture ($3.75k), Non-Knit Women's Coats ($1.48k), and Plastic Housewares ($1.12k). Over the past 8 years the exports of Rwanda to Bolivia have increased at an annualized rate of 56.6%,  from $1.18k in 2014 to $11.1k in 2022.

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

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). 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 2022, Bolivia exported $16 to Rwanda. The main products exported from Bolivia to Rwanda were Coconuts, Brazil Nuts, and Cashews ($16). During the last 8 years the exports of Bolivia to Rwanda have decreased at an annualized rate of 55.8%, from $11k in 2014 to $16 in 2022.

In 2017, Rwanda exported $11.1k to Bolivia. The main products exported from Rwanda to Bolivia were Other Furniture ($3.75k), Non-Knit Women's Coats ($1.48k), and Plastic Housewares ($1.12k). During the last 5 years the exports of Rwanda to Bolivia have increased at an annualized rate of 56.6%, from $1.18k in 2022 to $11.1k in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Rwanda
Top Destination
United Arab Emirates$568M

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

In 2022, countries that imported more from Bolivia than Rwanda included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

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

Comparative Advantage Bolivia - Rwanda

Flow
Scale

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

During 2022, Bolivia had a large net trade with Rwanda in the exports of Vegetable Products ($16).

During 2017, Rwanda had a large net trade with Bolivia in the exports of Miscellaneous ($4.87k), Textiles ($3.67k), and Plastics and Rubbers ($1.12k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Rwanda+$1.94kGold
Top Product Potential Rwanda Bolivia+$3.29kNon-Knit Women's Coats

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

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

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