Rwanda's total trade reached US$ 614.88 million in Q2, 2015
Rwanda’s total trade of US$ 614.88 million, higher by 3 percent over the second quarter of 2014 was made up of exports worth of US$ 94.82 million, imports worth of US$ 470.60 million and re-exports valued at US$ 49.46 million.Total imports of Rwanda increased by 1.90 percent in the second quarter of 2015 over the same quarter of 2014 and Domestic exports reduced by 10.07 percent during the when comparing to the same quarter of 2014.
The commodity groups with the largest increase in values on exports were: “Niobium, vanadium ores, tantalum and concentrates” (US$ 17.16 million), “Other black tea (fermented) and other partly fermented tea” (US$ 10.94 million), “Coffee, not roasted, not decaffeinated” (US$ 10.57 million), “Tin ores and concentrates” (US$ 8.27 million) and “Tungsten ores and concentrates” (US$ 6.54 million).
The trade deficit for the second quarter of 2015 worked out to US$ 326.32 million, 10% higher than the deficit of US$ 297.72 million for the corresponding quarter of 2014. Compared to the previous quarter of 2015, the deficit was higher by 11 % (US$ 292.84 million of deficit in the first Quarter of 2015).
By: Emile NSHIMIYIMANA