Rwanda (RWA) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Rwanda-Bangladesh Trade: In 2022, Rwanda exported $24.2k to Bangladesh. The main products that Rwanda exported to Bangladesh were Tea ($21.6k), Other Furniture ($1.01k), and Plastic Housewares ($402). Over the past 5 years the exports of Rwanda to Bangladesh have increased at an annualized rate of 48.5%, from $3.35k in 2017 to $24.2k in 2022.

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

Bangladesh-Rwanda Trade: In 2022, Bangladesh exported $517k to Rwanda. The main products that Bangladesh exported to Rwanda were Packing Bags ($339k), Knit T-shirts ($39.4k), and Non-Knit Men's Suits ($26.4k). Over the past 5 years the exports of Bangladesh to Rwanda have increased at an annualized rate of 19.5%, from $212k in 2017 to $517k in 2022.

In 2022, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Rwanda exported $24.2k to Bangladesh. The main products exported from Rwanda to Bangladesh were Tea ($21.6k), Other Furniture ($1.01k), and Plastic Housewares ($402). During the last 5 years the exports of Rwanda to Bangladesh have increased at an annualized rate of 48.5%, from $3.35k in 2017 to $24.2k in 2022.

In 2017, Bangladesh exported $517k to Rwanda. The main products exported from Bangladesh to Rwanda were Packing Bags ($339k), Knit T-shirts ($39.4k), and Non-Knit Men's Suits ($26.4k). During the last 5 years the exports of Bangladesh to Rwanda have increased at an annualized rate of 19.5%, from $212k in 2022 to $517k in 2017.

Exports from Rwanda () to Bangladesh () (2022)

Exports from Bangladesh () to Rwanda () (2022)

Latest Data

Trade between Rwanda () and Bangladesh ()

Rwanda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$568M

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Rwanda than Bangladesh included Democratic Republic of the Congo ($450M), Ethiopia ($55.2M), and Uganda ($22.8M).

In 2022, countries that imported more from Bangladesh than Rwanda included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Rwanda - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Rwanda had a large net trade with Bangladesh in the exports of Vegetable Products ($21.6k), Miscellaneous ($1.13k), and Textiles ($442).

During 2017, Bangladesh had a large net trade with Rwanda in the exports of Textiles ($458k), Chemical Products ($22.8k), and Stone And Glass ($21.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Bangladesh+$4.45kGold

Top Product Potential Bangladesh Rwanda+$2.63kNon-Knit Men's Suits

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

About

Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Bangladesh () (2022)

Exports from Bangladesh () to Rwanda () (2022)

Latest Data

Trade between Rwanda () and Bangladesh ()

Rwanda Exports

Market Competitiveness

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

Comparative Advantage Rwanda - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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