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2022
Economic Complexity
Research -0.57Rank 91 of 140
2023
Product
Exports | Imports $1.35B | $2.2B154 of 226 |  161 of 226
2023
Per Capita Product
Exports | Imports $96.6 | $158170 of 220 |  208 of 220

About

Overview In 2023 Rwanda was the number 154 economy in the world in terms of total exports and the number 161 in total imports.

Exports The top exports of Rwanda are Gold ($885M), Niobium, Tantalum, Vanadium and Zirconium Ore ($102M), Coffee ($89.3M), Tea ($48.7M), and Tin Ores ($48.4M), exporting mostly to United Arab Emirates ($895M), China ($131M), United States ($38.6M), Kenya ($34.5M), and Thailand ($31.5M).

Imports The top imports of Rwanda are Broadcasting Equipment ($113M), Corn ($69M), Packaged Medicaments ($67.6M), Non-fillet Frozen Fish ($67.5M), and Raw Sugar ($57.2M), importing mostly from China ($420M), Kenya ($302M), Uganda ($280M), Tanzania ($188M), and United Arab Emirates ($159M).

Location Rwanda borders Burundi, Democratic Republic of the Congo, Tanzania, and Uganda by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Rwanda.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Gold$885M
Top Destination (2023)United Arab Emirates$895M

In 2023, Rwanda exported a total of $1.35B, making it the number 154 exporter in the world. During the last five reported years the exports of Rwanda have changed by -$99.6M from $1.45B in 2018 to $1.35B in 2023.

The most recent exports are led by Gold ($885M), Niobium, Tantalum, Vanadium and Zirconium Ore ($102M), Coffee ($89.3M), Tea ($48.7M), and Tin Ores ($48.4M). The most common destination for the exports of Rwanda are United Arab Emirates ($895M), China ($131M), United States ($38.6M), Kenya ($34.5M), and Thailand ($31.5M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
United Arab Emirates$329M (+ 58%)
China$94.3M (+ 256%)
Malaysia$16.1M (+ 231%)
Fastest Growing Import Markets (2022 - 2023)
Uganda$213M (+ 315%)
Hong Kong$45.3M (+ 131%)
Ireland$5.27M (+ 153%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Rwanda Exports Services (2015)$493M
Rwanda Imports Services (2015)$855M

In 2015, Rwanda exported $493M worth of services. The top services exported by Rwanda in 2015 were Government services, n.i.e. ($251M), Business travel ($98.4M), Air transport ($87.6M), Communications services ($21.8M), and Construction abroad ($10.5M).

The top services imported by Rwanda in 2015 were Other transport ($199M), Miscellaneous business, professional, and technical services ($160M), Government services, n.i.e. ($145M), Air transport ($143M), and Sea transport ($133M).

Service Exports (2015)

Service Imports (2015)

Economic Complexity

Overview

Economic Complexity (Research)-0.57Rank 91 of 140

Most Specialized Products by RCA Index

Rwanda has a high level of specialization in Niobium, Tantalum, Vanadium and Zirconium Ore (719), Tin Ores (688), Other Ores (215), Tea (113), and Legumes (39.9). Specialization is measured using RCA, an index that takes the ratio between Rwanda observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Rwanda according to the product complexity index (PCI) are Acids; unsaturated acyclic monocarboxylic, cyclic monocarboxylic, their anhydrides, halides, peroxides and peroxyacids;... (1.23), shape; handkerchiefs, tissues, towels, serviettes, bed sheets and similar household or hospital... (0.024), Coin (0.017), by weight), weights calculated on a totally defatted basis, n.e.c. (-0.1), and Waste and scrap of paper and paperboard (-0.16). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Rwanda according to the relatedness index, were Manganese Ore (0.091), Cocoa Beans (0.087), Aluminium Ore (0.084), Insect Resins (0.083), and Bananas (0.08). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Rwanda is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Rwanda. These are products that tend to be co-exported with the products that Rwanda exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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