Thailand (THA) and Rwanda (RWA) Trade | The Observatory of Economic Complexity

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Thailand-Rwanda Trade: In 2023, Thailand exported $2.42M to Rwanda. The main products that Thailand exported to Rwanda were Uncoated Paper ($508k), Delivery Trucks ($378k), and Rubber Tires ($295k). Over the past 5 years the exports of Thailand to Rwanda have decreased at an annualized rate of 38.6%, from $27.8M in 2018 to $2.42M in 2023.

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

Rwanda-Thailand Trade: In 2023, Rwanda exported $31.5M to Thailand. The main products that Rwanda exported to Thailand were Tin Ores ($19.7M), Niobium, Tantalum, Vanadium and Zirconium Ore ($11.3M), and Scrap Tin ($534k). Over the past 5 years the exports of Rwanda to Thailand have decreased at an annualized rate of 15.8%, from $74.5M in 2018 to $31.5M in 2023.

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

Comparison In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $2.42M to Rwanda. The main products exported from Thailand to Rwanda were Uncoated Paper ($508k), Delivery Trucks ($378k), and Rubber Tires ($295k). During the last 5 years the exports of Thailand to Rwanda have decreased at an annualized rate of 38.6%, from $27.8M in 2018 to $2.42M in 2023.

In 2018, Rwanda exported $31.5M to Thailand. The main products exported from Rwanda to Thailand were Tin Ores ($19.7M), Niobium, Tantalum, Vanadium and Zirconium Ore ($11.3M), and Scrap Tin ($534k). During the last 5 years the exports of Rwanda to Thailand have decreased at an annualized rate of 15.8%, from $74.5M in 2023 to $31.5M in 2018.

Exports from Thailand () to Rwanda () (2023)

Exports from Rwanda () to Thailand () (2023)

Latest Data

Trade between Thailand () and Rwanda ()

Thailand Exports

Date

Rwanda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Rwanda
Top DestinationUnited Arab Emirates$895M

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 2023, countries that imported more from Thailand than Rwanda included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, no countries were registered that imported more from Rwanda than from Thailand.

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

Comparative Advantage Thailand - Rwanda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Rwanda in the exports of Plastics and Rubbers ($642k), Transportation ($517k), and Paper Goods ($508k).

During 2018, Rwanda had a large net trade with Thailand in the exports of Mineral Products ($31M), Metals ($534k), and Precious Metals ($22.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Rwanda () (2023)

Exports from Rwanda () to Thailand () (2023)

Latest Data

Trade between Thailand () and Rwanda ()

Thailand Exports

Rwanda Exports

Market Competitiveness

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

Comparative Advantage Thailand - Rwanda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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