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Pricing

2022
Flag → Flag
Exports $3.84kRnk 118 / 142
2022
Flag → Flag
Top Product $3.18kCoffee
2022
Flag → Flag
Exports $65.6kRnk 119 / 160
2022
Flag → Flag
Top Product $23.3kDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Rwanda-Iceland Trade: In 2022, Rwanda exported $3.84k to Iceland. The main products that Rwanda exported to Iceland were Coffee ($3.18k), Legumes ($594), and Tea ($68). Over the past 6 years the exports of Rwanda to Iceland have decreased at an annualized rate of 26.2%, from $23.9k in 2016 to $3.84k in 2022.

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

Iceland-Rwanda Trade: In 2022, Iceland exported $65.6k to Rwanda. The main products that Iceland exported to Rwanda were Delivery Trucks ($23.3k), Trailers and semi-trailers, not mechanically propelled vehicles ($22.5k), and Centrifuges ($8.18k). Over the past 6 years the exports of Iceland to Rwanda have decreased at an annualized rate of 57.4%,  from $4.68M in 2016 to $65.6k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Rwanda exported $3.84k to Iceland. The main products exported from Rwanda to Iceland were Coffee ($3.18k), Legumes ($594), and Tea ($68). During the last 6 years the exports of Rwanda to Iceland have decreased at an annualized rate of 26.2%, from $23.9k in 2016 to $3.84k in 2022.

In 2017, Iceland exported $65.6k to Rwanda. The main products exported from Iceland to Rwanda were Delivery Trucks ($23.3k), Trailers and semi-trailers, not mechanically propelled vehicles ($22.5k), and Centrifuges ($8.18k). During the last 5 years the exports of Iceland to Rwanda have decreased at an annualized rate of 57.4%, from $4.68M in 2022 to $65.6k in 2017.

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

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

Latest Data

Trade between Rwanda (Flag) and Iceland (Flag)

Rwanda Exports

Market Competitiveness

Color
Rwanda
Top DestinationUnited Arab Emirates$568M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Rwanda than Iceland included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Thailand ($83.9M).

In 2022, countries that imported more from Iceland than Rwanda included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Rwanda - Iceland

Flow
Scale

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

During 2022, Rwanda had a large net trade with Iceland in the exports of Vegetable Products ($3.84k).

During 2017, Iceland had a large net trade with Rwanda in the exports of Transportation ($45.7k), Machines ($15.9k), and Chemical Products ($1.67k).

Economic Complexity

Competitive Landscape

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

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

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