Rwanda (RWA) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Rwanda-Armenia Trade: In 2022, Rwanda exported $97.3k to Armenia. The main products that Rwanda exported to Armenia were Refined Petroleum ($62.1k), Petroleum Gas ($16.7k), and Other Oily Seeds ($6.83k). Over the past 5 years the exports of Rwanda to Armenia have increased at an annualized rate of 33.3%, from $23.1k in 2017 to $97.3k in 2022.

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

Armenia-Rwanda Trade: In 2022, Armenia exported $119 to Rwanda. The main products that Armenia exported to Rwanda were N/A. Over the past 5 years the exports of Armenia to Rwanda have decreased at an annualized rate of 67.2%, from $31.3k in 2017 to $119 in 2022.

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

Comparison: In 2022, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Rwanda exported $97.3k to Armenia. The main products exported from Rwanda to Armenia were Refined Petroleum ($62.1k), Petroleum Gas ($16.7k), and Other Oily Seeds ($6.83k). During the last 5 years the exports of Rwanda to Armenia have increased at an annualized rate of 33.3%, from $23.1k in 2017 to $97.3k in 2022.

In 2016, Armenia exported $119 to Rwanda. There were not main exports from Armenia to Rwanda in 2016. During the last 5 years the exports of Armenia to Rwanda have decreased at an annualized rate of 67.2%, from $31.3k in 2021 to $119 in 2016.

Exports from Rwanda () to Armenia () (2022)

Exports from Armenia () to Rwanda () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$568M

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Rwanda than Armenia included Democratic Republic of the Congo ($450M), Thailand ($83.9M), and Ethiopia ($55.2M).

In 2022, countries that imported more from Armenia than Rwanda included Russia ($2.36B), China ($420M), and Georgia ($260M).

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

Comparative Advantage Rwanda - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Rwanda had a large net trade with Armenia in the exports of Mineral Products ($78.8k), Vegetable Products ($9.57k), and Textiles ($5.78k).

During 2016, Armenia had a large net trade with Rwanda in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Armenia+$18.8kRefined Petroleum

Top Product Potential Armenia Rwanda+$1.87kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Armenia () (2022)

Exports from Armenia () to Rwanda () (2022)

Market Competitiveness

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

Comparative Advantage Rwanda - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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