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

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Rwanda-Bolivia Trade: In 2022, Rwanda exported $11.1k to Bolivia. The main products that Rwanda exported to Bolivia were Other Furniture ($3.75k), Non-Knit Women's Coats ($1.48k), and Plastic Housewares ($1.12k). Over the past 7 years the exports of Rwanda to Bolivia have increased at an annualized rate of 81.5%, from $171 in 2015 to $11.1k in 2022.

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

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

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Rwanda exported $11.1k to Bolivia. The main products exported from Rwanda to Bolivia were Other Furniture ($3.75k), Non-Knit Women's Coats ($1.48k), and Plastic Housewares ($1.12k). During the last 7 years the exports of Rwanda to Bolivia have increased at an annualized rate of 81.5%, from $171 in 2015 to $11.1k in 2022.

Bolivia does not register exports to Rwanda. The main products exported from Bolivia to Rwanda were Coconuts, Brazil Nuts, and Cashews ($16).

Exports from Rwanda () to Bolivia () (2022)

Exports from Bolivia () to Rwanda () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$568M

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Bolivia than Rwanda included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

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 2022, Rwanda had a large net trade with Bolivia in the exports of Miscellaneous ($4.87k), Textiles ($3.67k), and Plastics and Rubbers ($1.12k).

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 () (2022)

Exports from Bolivia () to Rwanda () (2022)

Market Competitiveness

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

Comparative Advantage Rwanda - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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