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Pricing

2022
Flag → Flag
Exports $2.99kRnk 122 / 142
2022
Flag → Flag
Top Product $2.65kKnit Men's Coats
2022
Flag → Flag
Exports $13.2kRnk 157 / 170
2022
Flag → Flag
Top Product $2.05kDairy Machinery
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Rwanda-Ecuador Trade: In 2022, Rwanda exported $2.99k to Ecuador. The main products that Rwanda exported to Ecuador were Knit Men's Coats ($2.65k), Low-voltage Protection Equipment ($182), and Tea ($153). Over the past 6 years the exports of Rwanda to Ecuador have decreased at an annualized rate of 26.7%, from $19.3k in 2016 to $2.99k in 2022.

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

Ecuador-Rwanda Trade: In 2022, Ecuador exported $13.2k to Rwanda. The main products that Ecuador exported to Rwanda were Dairy Machinery ($2.05k), Other Plastic Products ($1.97k), and Valves ($1.7k). Over the past 6 years the exports of Ecuador to Rwanda have increased at an annualized rate of 31.1%,  from $3.41k in 2016 to $13.2k in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Rwanda exported $2.99k to Ecuador. The main products exported from Rwanda to Ecuador were Knit Men's Coats ($2.65k), Low-voltage Protection Equipment ($182), and Tea ($153). During the last 6 years the exports of Rwanda to Ecuador have decreased at an annualized rate of 26.7%, from $19.3k in 2016 to $2.99k in 2022.

In 2017, Ecuador exported $13.2k to Rwanda. The main products exported from Ecuador to Rwanda were Dairy Machinery ($2.05k), Other Plastic Products ($1.97k), and Valves ($1.7k). During the last 5 years the exports of Ecuador to Rwanda have increased at an annualized rate of 31.1%, from $3.41k in 2022 to $13.2k in 2017.

Exports from Rwanda (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Rwanda (Flag) (2022)

Latest Data

Trade between Rwanda (Flag) and Ecuador (Flag)

Rwanda Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color
Rwanda
Top DestinationUnited Arab Emirates$568M
Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Rwanda included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador (Flag) and Rwanda (Flag) (2022)

Comparative Advantage Rwanda - Ecuador

Flow
Scale

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

During 2022, Rwanda had a large net trade with Ecuador in the exports of Textiles ($2.65k), Machines ($182), and Vegetable Products ($153).

During 2017, Ecuador had a large net trade with Rwanda in the exports of Machines ($5.13k), Foodstuffs ($4.93k), and Plastics and Rubbers ($1.97k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Rwanda Ecuador+$1.92kCoffee
Top Product Potential Ecuador Rwanda+$1.91kProcessed Fish

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

This visualization shows the product space at the HS4 level with the flags of Rwanda and Ecuador. This means that a dot/product with the flag of Rwanda indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Rwanda.

Product Space of Rwanda (Flag) and Ecuador (Flag) (2022)

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