Rwanda’s exports grow 37 percent in first half of 2022

APA- Kigali The value of Rwanda’s exports reached $708.3 million U.S. dollars between January and June, according to the monthly Merchandise Trade Balance report obtained Sunday Official figures indcate that during the first half of 2021, exports grew by 46.4 percent. The Governor of Rwanda’s Central Bank, John Rwangombwa, said the growth is attributed to the…

APA – Kigali (Rwanda) The value of Rwanda’s exports reached $708.3 million U.S. dollars between January and June, according to the monthly Merchandise Trade Balance report obtained Sunday Official figures indcate that during the first half of 2021, exports grew by 46.4 percent.

The Governor of Rwanda’s Central Bank, John Rwangombwa, said the growth is attributed to the increase in manufactured goods exported in the region through World Food Programme to South Sudan, Kenya, and Uganda.

Traditional exports such as minerals, coffee and tea registered a 39.4 percent growth while non-traditional exports (manufactured products and horticulture) increased by 25.2 percent and re-exports by 40.7 percent.

DR Congo remained the largest destination of Rwanda’s exports on the continent.

On the other hand, the imports into the country also grew by 22.5 percent amounting to $1,817 million in the same period linked to domestic recovery of the economy.