Finland (FIN) and Rwanda (RWA) Trade | The Observatory of Economic Complexity

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Finland-Rwanda Trade: In 2022, Finland exported $24.3M to Rwanda. The main products that Finland exported to Rwanda were Mixed Mineral or Chemical Fertilizers ($19.5M), Special Pharmaceuticals ($1.57M), and Telephones ($876k). Over the past 5 years the exports of Finland to Rwanda have increased at an annualized rate of 9.66%, from $15.3M in 2017 to $24.3M in 2022.

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

Rwanda-Finland Trade: In 2022, Rwanda exported $3.76M to Finland. The main products that Rwanda exported to Finland were Coffee ($3.73M), Motorcycles and cycles ($6.89k), and Non-Knit Men's Suits ($3.83k). Over the past 5 years the exports of Rwanda to Finland have increased at an annualized rate of 15.2%, from $1.85M in 2017 to $3.76M in 2022.

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

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $24.3M to Rwanda. The main products exported from Finland to Rwanda were Mixed Mineral or Chemical Fertilizers ($19.5M), Special Pharmaceuticals ($1.57M), and Telephones ($876k). During the last 5 years the exports of Finland to Rwanda have increased at an annualized rate of 9.66%, from $15.3M in 2017 to $24.3M in 2022.

In 2017, Rwanda exported $3.76M to Finland. The main products exported from Rwanda to Finland were Coffee ($3.73M), Motorcycles and cycles ($6.89k), and Non-Knit Men's Suits ($3.83k). During the last 5 years the exports of Rwanda to Finland have increased at an annualized rate of 15.2%, from $1.85M in 2022 to $3.76M in 2017.

Exports from Finland () to Rwanda () (2022)

Exports from Rwanda () to Finland () (2022)

Latest Data

Trade between Finland () and Rwanda ()

Finland Exports

Date

Rwanda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Rwanda
Top DestinationUnited Arab Emirates$568M

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

In 2022, countries that imported more from Finland than Rwanda included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

In 2022, countries that imported more from Rwanda than Finland included Democratic Republic of the Congo ($450M), United Arab Emirates ($568M), and Ethiopia ($55.2M).

Difference in imports from Rwanda () and Finland () (2022)

Comparative Advantage Finland - Rwanda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Rwanda in the exports of Chemical Products ($21.1M), Machines ($1.96M), and Paper Goods ($452k).

During 2017, Rwanda had a large net trade with Finland in the exports of Vegetable Products ($3.73M), Transportation ($8.1k), and Textiles ($8.04k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Rwanda+$165kMedical Instruments

Top Product Potential Rwanda Finland+$213kCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Rwanda () (2022)

Exports from Rwanda () to Finland () (2022)

Latest Data

Trade between Finland () and Rwanda ()

Finland Exports

Rwanda Exports

Market Competitiveness

Difference in imports from Rwanda () and Finland () (2022)

Comparative Advantage Finland - Rwanda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Rwanda () (2022)

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