2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 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 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 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

Italy-Rwanda Trade: In 2023, Italy exported $32.8M to Rwanda. The main products that Italy exported to Rwanda were Washing and Bottling Machines ($13.3M), Broadcasting Equipment ($2.98M), and Utility Meters ($1.09M). Over the past 5 years the exports of Italy to Rwanda have decreased at an annualized rate of 0.82%, from $34.2M in 2018 to $32.8M in 2023.

In 2023, Italy did not export any services to Rwanda.

Rwanda-Italy Trade: In 2023, Rwanda exported $11.5M to Italy. The main products that Rwanda exported to Italy were Coffee ($6.71M), Vegetable Saps ($3.61M), and Raw Tin ($669k). Over the past 5 years the exports of Rwanda to Italy have increased at an annualized rate of 11.1%,  from $6.81M in 2018 to $11.5M in 2023.

In 2023, Rwanda did not export any services to Italy.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). 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 2023, Italy exported $32.8M to Rwanda. The main products exported from Italy to Rwanda were Washing and Bottling Machines ($13.3M), Broadcasting Equipment ($2.98M), and Utility Meters ($1.09M). During the last 5 years the exports of Italy to Rwanda have decreased at an annualized rate of 0.82%, from $34.2M in 2018 to $32.8M in 2023.

In 2018, Rwanda exported $11.5M to Italy. The main products exported from Rwanda to Italy were Coffee ($6.71M), Vegetable Saps ($3.61M), and Raw Tin ($669k). During the last 5 years the exports of Rwanda to Italy have increased at an annualized rate of 11.1%, from $6.81M in 2023 to $11.5M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Rwanda
Top Destination
United Arab Emirates$895M

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

In 2023, countries that imported more from Italy than Rwanda included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Rwanda than from Italy.

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

Comparative Advantage Italy - Rwanda

Flow
Scale

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

During 2023, Italy had a large net trade with Rwanda in the exports of Machines ($24.3M), Instruments ($2.42M), and Chemical Products ($1.07M).

During 2018, Rwanda had a large net trade with Italy in the exports of Vegetable Products ($10.7M), Metals ($669k), and Animal Hides ($41.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Rwanda+$1.38MVaccines, blood, antisera, toxins and cultures
Top Product Potential Rwanda Italy+$4.07MCoffee

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

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

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