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2023
Flag → Flag
Exports $12.7kRnk 149 / 159
2023
Flag → Flag
Top Product $12.7kWaxes
2023
Flag → Flag
Exports $502kRnk 37 / 110
2023
Flag → Flag
Top Product $97.8kOther Iron Products
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 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 $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$1,010CURRENT US$
Rnk 176 / 196
2013-2023
Flag
GDP PC GROWTH43.3%CURRENT US$
Rnk 55 / 195

About

Nigeria-Rwanda Trade: In 2023, Nigeria exported $12.7k to Rwanda. The main products that Nigeria exported to Rwanda were Waxes ($12.7k). Over the past 5 years the exports of Nigeria to Rwanda have decreased at an annualized rate of 57.1%, from $880k in 2018 to $12.7k in 2023.

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

Rwanda-Nigeria Trade: In 2023, Rwanda exported $502k to Nigeria. The main products that Rwanda exported to Nigeria were Other Iron Products ($97.8k), Transmissions ($56.5k), and Tanned Equine and Bovine Hides ($47.1k). Over the past 5 years the exports of Rwanda to Nigeria have decreased at an annualized rate of 35.9%,  from $4.65M in 2018 to $502k in 2023.

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

Comparison In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75),  and 52 in total exports ($61B). 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, Nigeria exported $12.7k to Rwanda. The main products exported from Nigeria to Rwanda were Waxes ($12.7k). During the last 5 years the exports of Nigeria to Rwanda have decreased at an annualized rate of 57.1%, from $880k in 2018 to $12.7k in 2023.

In 2018, Rwanda exported $502k to Nigeria. The main products exported from Rwanda to Nigeria were Other Iron Products ($97.8k), Transmissions ($56.5k), and Tanned Equine and Bovine Hides ($47.1k). During the last 5 years the exports of Rwanda to Nigeria have decreased at an annualized rate of 35.9%, from $4.65M in 2023 to $502k in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Rwanda (Flag)

Rwanda Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Rwanda
Top DestinationUnited Arab Emirates$895M

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

In 2023, countries that imported more from Nigeria than Rwanda included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from Rwanda than Nigeria included Kenya ($34.5M), Uganda ($11M), and Kazakhstan ($6.72M).

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

Comparative Advantage Nigeria - Rwanda

Flow
Scale

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

During 2023, Nigeria had a large net trade with Rwanda in the exports of Chemical Products ($12.7k).

During 2018, Rwanda had a large net trade with Nigeria in the exports of Metals ($188k), Machines ($149k), and Animal Hides ($47.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Rwanda+$12.4kBeauty Products
Top Product Potential Rwanda Nigeria+$47kVaccines, blood, antisera, toxins and cultures

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

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

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