Rwanda (RWA) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Rwanda-Finland Trade: In 2023, Rwanda exported $5.3M to Finland. The main products that Rwanda exported to Finland were Coffee ($5.26M), Other Measuring Instruments ($17k), and Surveying Equipment ($12.3k). Over the past 5 years the exports of Rwanda to Finland have increased at an annualized rate of 18.3%, from $2.29M in 2018 to $5.3M in 2023.

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

Finland-Rwanda Trade: In 2023, Finland exported $1.69M to Rwanda. The main products that Finland exported to Rwanda were Tractors ($619k), Kraft Paper ($421k), and Brochures ($243k). Over the past 5 years the exports of Finland to Rwanda have decreased at an annualized rate of 34.1%, from $13.6M in 2018 to $1.69M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Rwanda exported $5.3M to Finland. The main products exported from Rwanda to Finland were Coffee ($5.26M), Other Measuring Instruments ($17k), and Surveying Equipment ($12.3k). During the last 5 years the exports of Rwanda to Finland have increased at an annualized rate of 18.3%, from $2.29M in 2018 to $5.3M in 2023.

In 2018, Finland exported $1.69M to Rwanda. The main products exported from Finland to Rwanda were Tractors ($619k), Kraft Paper ($421k), and Brochures ($243k). During the last 5 years the exports of Finland to Rwanda have decreased at an annualized rate of 34.1%, from $13.6M in 2023 to $1.69M in 2018.

Exports from Rwanda () to Finland () (2023)

Exports from Finland () to Rwanda () (2023)

Latest Data

Trade between Rwanda () and Finland ()

Rwanda Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$895M

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Rwanda than Finland included United Arab Emirates ($895M), Uganda ($11M), and Central African Republic ($110k).

In 2023, countries that imported more from Finland than Rwanda included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

Comparative Advantage Rwanda - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Rwanda had a large net trade with Finland in the exports of Vegetable Products ($5.26M), Instruments ($29.7k), and Machines ($4.39k).

During 2018, Finland had a large net trade with Rwanda in the exports of Paper Goods ($664k), Transportation ($647k), and Instruments ($162k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Finland+$213kCoffee

Top Product Potential Finland Rwanda+$165kMedical Instruments

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

About

Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Finland () (2023)

Exports from Finland () to Rwanda () (2023)

Latest Data

Trade between Rwanda () and Finland ()

Rwanda Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Rwanda - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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