2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$14.1BCURRENT US$
Rnk 140 / 195
2013-2023
Flag
GDP GROWTH
80.3%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$1,010CURRENT US$
Rnk 176 / 196
2013-2023
Flag
GDP PC GROWTH
43.3%CURRENT US$
Rnk 55 / 195

About

Bolivia-Rwanda Trade: In 2022, Bolivia exported $17 to Rwanda. The main products that Bolivia exported to Rwanda were N/A. Over the past 8 years the exports of Bolivia to Rwanda have decreased at an annualized rate of 55.6%, from $11.2k in 2014 to $17 in 2022.

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

Rwanda-Bolivia Trade: In 2022, Rwanda exported $1.52k to Bolivia. The main products that Rwanda exported to Bolivia were Non-Knit Women's Coats ($1.52k). Over the past 8 years the exports of Rwanda to Bolivia have increased at an annualized rate of 37.1%,  from $313 in 2014 to $1.52k in 2022.

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

Comparison In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85),  and 103 in total exports ($10.6B). 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
Value

In 2022, Bolivia exported $17 to Rwanda. There were not main exports from Bolivia to Rwanda in 2022. During the last 8 years the exports of Bolivia to Rwanda have decreased at an annualized rate of 55.6%, from $11.2k in 2014 to $17 in 2022.

In 2018, Rwanda exported $1.52k to Bolivia. The main products exported from Rwanda to Bolivia were Non-Knit Women's Coats ($1.52k). During the last 5 years the exports of Rwanda to Bolivia have increased at an annualized rate of 37.1%, from $313 in 2023 to $1.52k in 2018.

Exports from Bolivia (Flag) to Rwanda (Flag) (2023)

Exports from Rwanda (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Rwanda
Top Destination
United Arab Emirates$895M

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 2023, countries that imported more from Bolivia than Rwanda included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

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

Difference in imports from Rwanda (Flag) and Bolivia (Flag) (2023)

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 .

During 2018, Rwanda had a large net trade with Bolivia in the exports of Textiles ($1.52k).

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) (2023)

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