Trade Trend

In 2023, Rwanda's total export value is 442.76Million USD, total import value is 1.54Billion USD, Deficit is -1.10Billion USD, and foreign trade dependency is 0.141. In 2023，Rwanda's top export products are Niobium, tantalum, vanadium or zirconium ores and concentrates(101.92Million USD), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(92.52Million USD), Tin ores and concentrates(48.31Million USD), top export destinations are China(131.20Million USD), United States(39.03Million USD), Thailand(31.61Million USD). In 2023, Rwanda's top import products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(103.32Million USD), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(69.11Million USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(57.65Million USD), top import origins are China(420.70Million USD), Tanzania(188.08Million USD), India(147.68Million USD).

Comparing to 2022, Rwanda's total export value decreased -1.56Billion USD(-77.92%) in 2023, this could result from its export decreases of products such as Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-555.74Million USD or -100.00%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-197.39Million USD or -99.84%), Ores and concentrates; n.e.c. in heading no. 2601(-58.99Million USD or -87.08%) and export decreases to countries/economics such as India(-61.40Million USD or -86.26%), Hong Kong CN(-38.99Million USD or -98.85%), Singapore(-32.56Million USD or -99.51%). Comparing to 2022, Rwanda's total import value decreased -3.64Billion USD(-70.29%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-725.70Million USD or -99.25%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-509.55Million USD or -99.92%), Palm oil and its fractions; whether or not refined, but not chemically modified(-173.87Million USD or -98.26%), and its import decreases from countries/economies such as China(-656.19Million USD or -60.93%), Kenya(-428.30Million USD or -86.54%), Tanzania(-392.21Million USD or -67.59%).

Cumulated to first 6 months of 2024, Rwanda's total export value is 206.28Million USD, total import value is 441.86Million USD, and tradedeficit is -235.58Million USD. Cumulated to first 6 months of 2024, Rwanda's top export products are Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(47.07Million USD), Niobium, tantalum, vanadium or zirconium ores and concentrates(45.12Million USD), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(28.86Million USD), and top export destinations are China(62.28Million USD), Poland(47.27Million USD), Thailand(16.56Million USD). Cumulated to first 6 months of 2024, Rwanda's top import products are Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(47.07Million USD), Niobium, tantalum, vanadium or zirconium ores and concentrates(45.12Million USD), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(28.86Million USD), and top import origins areChina(192.81Million USD), India(39.24Million USD), Hong Kong CN(36.33Million USD).