Armenia-Rwanda Trade Relations: A Closer Look
Armenian-Rwandan diplomatic relations were established on March 29, 2004. They started several trade relationships.
Important information about Rwanda
Capital: Kigali
Population: 13,276,517
Surface Area: 26,340 km2
Currency: Rwandan francs
Religion: Mostly Christianity
Belongs to: ACP, IMF, UN, AU
Important information about Armenia
Capital: Yerevan
Population: 2,968,128
Surface Area: 29,743 km2
Currency: Dram
Religion: Mostly Christianity
Belongs to: CIS, CoE, CTSO, EAEU, IMF, UN, OSCE
A glimpse of the Import-Export scale
The exports of Armenia to Rwanda have increased at an annualized rate of 2.69%, from $6.92k in 2005 to $10k in 2019. The exports of Rwanda to Armenia have increased at an annualized rate of 12.5%, from $1.61k in 2005 to $8.36k in 2019.
The main products that Rwanda exported to Armenia were Ball Bearings ($6.23k), Non-Knit Women’s Coats ($2.12k), and Soap ($10).
Centrifuges ($2.92k), insulated wire ($2.39k), light fixtures ($649), electrical resistors ($1.8k), low-voltage protection equipment ($548), semiconductor devices ($224), motor vehicles; parts and accessories ($588), rubber belting ($282), other rubber products ($123), iron fasteners ($394), and glues ($50) were among the Armenian exports to Rwanda.
In 2020, Armenia ranked 77 in the Economic Complexity Index (ECI -0.37), and 128 in total exports ($3.07B). Rwanda ranked 158 in total exports ($902M) that year.
In 2021, Rwanda’s imports from Armenia were US$121, according to the United Nations COMTRADE database on international trade.
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Originally published at https://www.linkedin.com.
