Rwanda (RWA) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Rwanda-Azerbaijan Trade: In 2022, Rwanda exported $721k to Azerbaijan. The main products that Rwanda exported to Azerbaijan were Tea ($703k), Spice Seeds ($5.68k), and Non-Knit Men's Coats ($4.17k). Over the past 5 years the exports of Rwanda to Azerbaijan have increased at an annualized rate of 17.9%, from $316k in 2017 to $721k in 2022.

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

Azerbaijan-Rwanda Trade: In 2022, Azerbaijan exported $23.2k to Rwanda. The main products that Azerbaijan exported to Rwanda were Trunks and Cases ($22k), Other Rubber Products ($628), and Office Machine Parts ($332). Over the past 5 years the exports of Azerbaijan to Rwanda have decreased at an annualized rate of 0.041%, from $23.4k in 2017 to $23.2k in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Rwanda exported $721k to Azerbaijan. The main products exported from Rwanda to Azerbaijan were Tea ($703k), Spice Seeds ($5.68k), and Non-Knit Men's Coats ($4.17k). During the last 5 years the exports of Rwanda to Azerbaijan have increased at an annualized rate of 17.9%, from $316k in 2017 to $721k in 2022.

In 2017, Azerbaijan exported $23.2k to Rwanda. The main products exported from Azerbaijan to Rwanda were Trunks and Cases ($22k), Other Rubber Products ($628), and Office Machine Parts ($332). During the last 5 years the exports of Azerbaijan to Rwanda have decreased at an annualized rate of 0.041%, from $23.4k in 2022 to $23.2k in 2017.

Exports from Rwanda () to Azerbaijan () (2022)

Exports from Azerbaijan () to Rwanda () (2022)

Latest Data

Trade between Rwanda () and Azerbaijan ()

Rwanda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$568M

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Rwanda included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Rwanda - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Rwanda had a large net trade with Azerbaijan in the exports of Vegetable Products ($711k) and Textiles ($9.87k).

During 2017, Azerbaijan had a large net trade with Rwanda in the exports of Animal Hides ($22k), Plastics and Rubbers ($628), and Machines ($459).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Azerbaijan+$10.4kNon-Knit Women's Coats

Top Product Potential Azerbaijan Rwanda+$2.58kPetroleum Gas

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

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Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Azerbaijan () (2022)

Exports from Azerbaijan () to Rwanda () (2022)

Latest Data

Trade between Rwanda () and Azerbaijan ()

Rwanda Exports

Market Competitiveness

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

Comparative Advantage Rwanda - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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