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2022
Flag → Flag
Exports $19.4MRnk 143 / 218
2022
Flag → Flag
Top Product $4.27MRaw Sugar
2022
Flag → Flag
Exports $83.9MRnk 3 / 142
2022
Flag → Flag
Top Product $50.8MTin Ores
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186

About

Thailand-Rwanda Trade: In 2022, Thailand exported $19.4M to Rwanda. The main products that Thailand exported to Rwanda were Raw Sugar ($4.27M), Cars ($2.76M), and Rice ($2.19M). Over the past 5 years the exports of Thailand to Rwanda have decreased at an annualized rate of 9.65%, from $32.2M in 2017 to $19.4M in 2022.

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

Rwanda-Thailand Trade: In 2022, Rwanda exported $83.9M to Thailand. The main products that Rwanda exported to Thailand were Tin Ores ($50.8M), Niobium, Tantalum, Vanadium and Zirconium Ore ($31.9M), and Scrap Tin ($657k). Over the past 5 years the exports of Rwanda to Thailand have decreased at an annualized rate of 3.29%,  from $99.2M in 2017 to $83.9M in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $19.4M to Rwanda. The main products exported from Thailand to Rwanda were Raw Sugar ($4.27M), Cars ($2.76M), and Rice ($2.19M). During the last 5 years the exports of Thailand to Rwanda have decreased at an annualized rate of 9.65%, from $32.2M in 2017 to $19.4M in 2022.

In 2017, Rwanda exported $83.9M to Thailand. The main products exported from Rwanda to Thailand were Tin Ores ($50.8M), Niobium, Tantalum, Vanadium and Zirconium Ore ($31.9M), and Scrap Tin ($657k). During the last 5 years the exports of Rwanda to Thailand have decreased at an annualized rate of 3.29%, from $99.2M in 2022 to $83.9M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Rwanda (Flag)

Thailand Exports

Rwanda Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Rwanda
Top DestinationUnited Arab Emirates$568M

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

In 2022, countries that imported more from Thailand than Rwanda included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Rwanda than Thailand included Democratic Republic of the Congo ($450M), South Sudan ($22M), and Burundi ($5.9M).

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

Comparative Advantage Thailand - Rwanda

Flow
Scale

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

During 2022, Thailand had a large net trade with Rwanda in the exports of Foodstuffs ($4.62M), Transportation ($3.49M), and Paper Goods ($2.43M).

During 2017, Rwanda had a large net trade with Thailand in the exports of Mineral Products ($82.8M), Metals ($657k), and Paper Goods ($192k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Rwanda+$905kDelivery Trucks
Top Product Potential Rwanda Thailand+$137kPrecious Stones

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

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

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