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At more than $788.7 million worth of agricultural export earnings in 2022 Rwanda’s agricultural export earnings recorded an increase of 45 per cent against $543.1 million in the same period of 2021.
At more than $788.7 million worth of agricultural export earnings in 2022 Rwanda’s agricultural export earnings recorded an increase of 45 per cent against $543.1 million in the same period of 2021. The latest data was released by the National Agricultural Export Development Board and published on the institution’s website last week.
The growth in export earnings was attributed to the economic recovery from Covid-19, which led to the resumption of economic activities and the movement of people and goods in the region and abroad. Trade with Europe and the rest of the world also picked up during the period. The boost in earnings also was due to good prices for agricultural products at the international markets, particularly for Tea, coffee, fruits, and vegetables, and the stability of demand. NAEB December 2022 report revealed that tea, coffee, and pyrethrum, which form Rwanda’s traditional exports, generated over $212 million in 2022, an increase of 17 per cent compared to over $180 million in 2021.
According to the report, Coffee revenues went up by almost 34 per cent mainly due to good coffee prices which averaged $5.58 a kilogramme in 2022, or a rise of 31.2 per cent from $4.48 a kilogramme in the previous year. Exports of non-traditional commodities such as fruits, vegetables, roots and tubers, legumes, cereals, meat and live animals, eggs, and dairy products generated $576.6 million, representing a 59 per cent increase from $362.4 million, the report stated.
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Analysts also cited Rwanda’s efforts to expand its presence in international markets for the rise in export earnings. It has added new markets like UAE to its list of export destinations. Agricultural economists observe that apart from price increase being one of the factors for the higher export revenue growth, there is increasing international appreciation for the country’s agricultural products. Economists are hopeful that the growth in agricultural export earnings will also boost Rwanda’s economic growth.
