Trade and Economic relations between Ukraine and the Republic of Rwanda
20 October 2020 23:00

Rwanda is one of the promising trade and economic partners of Ukraine in the region of East Africa.


According to the data from the State Statistics Service of Ukraine, bilateral trade between Ukraine and Rwanda in 2019 amounted to 2.97 million USD.


Exports from Ukraine to Rwanda amounted 2.66 million USD (increased up to 334.5% compared to 2018), imports - 314.8 thousand USD (increased up to 232.5% compared to 2018).


In 2018, the positive balance of foreign trade between Ukraine and Rwanda was 2.34 million USD.


Structure of foreign trade in goods of Ukraine with the Republic of Rwanda

in 2018 – 2019

(in thousand USD)


Year

Export

Import

Balance

Тurnover

thousand

USD

in %

to previous year

thousand

USD

in %

to previous year

2018

795.9

41.2

135.4

311.9

+660,5

931.3

2019*

2,662

334,5*

314,8

232,5*

+2347,2

2976,8


(*According to the data from the State Statistics Service of Ukraine in 2019)


The main articles of exports from Ukraine to Rwanda in 2019 were: fats and oils of animal and/or vegetable origin - 1.59 million USD (60%), products of the flour and cereals industry - 1 million USD (37.7%).


The main article of imports from Rwanda to Ukraine in 2019 was: coffee, tea -  314 thousand USD (99.7%).


According to the data from the State Statistics Committee of Ukraine for 2019, exports of services from Ukraine to Rwanda amounted to 66.3 thousand USD (increased up to 407.2% compared to 2018).


Services related to travel were the basis of exports of services from Ukraine to Rwanda - 63.4 thousand USD (95.6%).


Imports of services from Rwanda to Ukraine in 2019 were not carried out.


The positive balance of trade between Ukraine and Rwanda in the services sector in 2019 amounted to 66.3 thousand USD.


According to the data from the State Statistics Service of Ukraine (as of October 2020), bilateral trade between Ukraine and Rwanda during January - July 2020 amounted to 1.899 million USD.


For the period of January - July 2020 exports from Ukraine to Rwanda amounted to 1.689 million USD (increased up to 70.8% compared to the same period of 2019), imports 210 thousand USD (increased up to 39.2% compared to the same period of 2019).

As of January-July 2020, the positive balance of foreign trade between Ukraine and Rwanda amounted to 1.479 million USD.

The main articles of exports from Ukraine to Rwanda (as of January-July 2020) were: fats and oils of animal or vegetable origin - 585 thousand USD (34.6%), ferrous metals - 531 thousand USD (31,5%), products of grain industry - 240 thousand USD (14,2%),  boilers, machinery -  68 thousand USD (4 %), aircraft - 34 thousand USD (2%).

The only article importing goods from Rwanda to Ukraine (as of early January-July 2020) was: coffee and tea - 209.2 thousand USD (99.9%).

The practice of promoting Ukrainian goods and services to the Rwandan market has shown the potential for further development of trade and economic cooperation in such spheres as agriculture and agro-industry, chemical industry and metallurgy, medicine and pharmaceuticals, aviation industry, etc.

The development of relations in these areas was discussed with the Rwandan Side during the meetings of the H.E. Ambassador of Ukraine with the top representatives of the Government of the Republic of Rwanda as well as with the representatives of business circles of Rwanda, during his visit to the country on October 9-12, 2017.

The products of the flour-grinding industry and, to some extent, of the aircraft industry remain among the perspective articles of exports of goods from Ukraine.


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