Rwanda (RWA) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Rwanda-Bolivia Trade: In 2023, Rwanda exported $1.52k to Bolivia. The main products that Rwanda exported to Bolivia were Non-Knit Women's Coats ($1.52k). Over the past 7 years the exports of Rwanda to Bolivia have increased at an annualized rate of 17.1%, from $503 in 2016 to $1.52k in 2023.

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

Bolivia-Rwanda In N/A, Bolivia did not export any products to Rwanda.

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

Comparison In 2023, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index. That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Rwanda exported $1.52k to Bolivia. The main products exported from Rwanda to Bolivia were Non-Knit Women's Coats ($1.52k). During the last 7 years the exports of Rwanda to Bolivia have increased at an annualized rate of 17.1%, from $503 in 2016 to $1.52k in 2023.

Bolivia does not register exports to Rwanda.

Exports from Rwanda () to Bolivia () (2023)

Exports from Bolivia () to Rwanda () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$895M

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Rwanda than Bolivia included Kenya ($34.5M), Thailand ($31.5M), and Pakistan ($26.8M).

In 2023, countries that imported more from Bolivia than Rwanda included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

Difference in imports from Bolivia () and Rwanda () (2023)

Comparative Advantage Rwanda - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Rwanda had a large net trade with Bolivia in the exports of Textiles ($1.52k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Bolivia+$3.29kNon-Knit Women's Coats

Top Product Potential Bolivia Rwanda+$1.94kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Bolivia () (2023)

Exports from Bolivia () to Rwanda () (2023)

Market Competitiveness

Difference in imports from Bolivia () and Rwanda () (2023)

Comparative Advantage Rwanda - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Rwanda () and Bolivia () (2023)

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