NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2022
Flag → Flag
Exports $68.1kRnk 163 / 0
2022
Flag → Flag
Exports $122kRnk 54 / 110
2022
Flag → Flag
Top Product $113kRefined Petroleum
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$14.1BCURRENT US$
Rnk 140 / 195
2013-2023
Flag
GDP GROWTH80.3%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$1,010CURRENT US$
Rnk 176 / 196
2013-2023
Flag
GDP PC GROWTH43.3%CURRENT US$
Rnk 55 / 195

About

Iceland-Rwanda Trade: In 2022, Iceland exported $68.1k to Rwanda. The main products that Iceland exported to Rwanda were N/A. Over the past 5 years the exports of Iceland to Rwanda have decreased at an annualized rate of 57.4%, from $4.88M in 2017 to $68.1k in 2022.

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

Rwanda-Iceland Trade: In 2022, Rwanda exported $122k to Iceland. The main products that Rwanda exported to Iceland were Refined Petroleum ($113k), Coffee ($2.91k), and Legumes ($2.58k). Over the past 5 years the exports of Rwanda to Iceland have increased at an annualized rate of 57.3%,  from $12.6k in 2017 to $122k in 2022.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Rwanda ranked 154 in total exports ($1.35B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $68.1k to Rwanda. There were not main exports from Iceland to Rwanda in 2022. During the last 5 years the exports of Iceland to Rwanda have decreased at an annualized rate of 57.4%, from $4.88M in 2017 to $68.1k in 2022.

In 2018, Rwanda exported $122k to Iceland. The main products exported from Rwanda to Iceland were Refined Petroleum ($113k), Coffee ($2.91k), and Legumes ($2.58k). During the last 5 years the exports of Rwanda to Iceland have increased at an annualized rate of 57.3%, from $12.6k in 2023 to $122k in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Rwanda (Flag)

Rwanda Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Rwanda
Top DestinationUnited Arab Emirates$895M

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

In 2023, countries that imported more from Iceland than Rwanda included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from Rwanda than Iceland included United Arab Emirates ($895M), Kenya ($34.5M), and Pakistan ($26.8M).

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

Comparative Advantage Iceland - Rwanda

Flow
Scale

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

During 2022, Iceland had a large net trade with Rwanda in the exports of .

During 2018, Rwanda had a large net trade with Iceland in the exports of Mineral Products ($113k) and Vegetable Products ($8.35k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Rwanda. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Rwanda. Similarly, a dot/product with the flag of Rwanda indicates it has a comparative advantage over Iceland.

Product Space of Iceland (Flag) and Rwanda (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms