27 March 2012

East Africa: Rwanda Export Earnings From Eac Rose By 68.3 Percent in Q4 2011

Rwanda's export income from other partner states of the East African Community (EAC) rose by 68.3% in the fourth quarter of 2011.

Earnings increased to $24.19 million in the fourth quarter of 2011 compared to $14.38 million in the same quarter in 2010, according to the latest External Trade Statistics report of the National Institute of Statistics of Rwanda (NISR).

The report shows that Kenya was the main destination of the Rwandan exports accounting for 78.5% of the total exports to the region. It was followed by Burundi and Uganda with 10.8% and 9.3% respectively.

The exports value to Burundi and Kenya increased by 71.4% and 36.8% respectively while there was a high increase of 134.5 percent of exports to Tanzania and Uganda respectively.

However, Rwanda's imports bill from other EAC partner states namely Kenya, Uganda, Tanzania and Burundi reduced by 8.1% to $92.3 million compared to $100.4 million in the same quarter of 2010. This translates into the increased production of goods in the local market.

Uganda and Kenya continued to have big shares of Rwanda's imports from EAC region with 51.6% and 32.9% respectively. This is to say that almost 85 % of imports of the total Rwandan imports from EAC in last quarter of 2011.

The share of imports from Tanzania dropped to 14.9% in fourth quarter of 2011 against 24.7% in the same quarter of 2010.

While imports shares from Kenya and Uganda increased, Burundi's exports to Rwanda remain constant when compared to the last quarters of 2010 and 2011.

Rwanda's overall imports in the fourth quarter 2011 increased by 17.4% to $366.1 million from $311.8 million in the same quarter of 2010. The shares of imports from Africa and Asia are significant with a level of 40.6% and 33.9% respectively.

Overall exports increased by 87.5% from $63 million in the fourth quarter of 2010 to $118.1 million in the fourth quarter of 2011. The main destinations were the Common Market for Eastern and Southern Africa (COMESA), European Union(EU) and EAC with 39.4%, 29.7%, and 20.5% of shares respectively.

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