Embassy of Ukraine in the Republic of Kenya

Kyiv 00:50

Trade and Economic relations between Ukraine and the Republic of Rwanda

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

According to the State Statistics Service of Ukraine in 2018, bilateral trade between Ukraine and Rwanda amounted to 931.3 thousand USD.

Exports from Ukraine to Rwanda totaled 735.9 thousand USD (41.2% from the same period in 2017), imports - 135.4 thousand USD (311.9% of the same period in 2017).

In 2018, the positive balance of foreign trade between Ukraine and Rwanda amounted to 660.5 thousand USD.

The structure of foreign trade between Ukraine and the Republic of Rwanda in the years 2017-2018

 (According to the data from the State Statistics Service of Ukraine, in thousand USD)

Year

Export

Import

Balance

Turnover

thousand USD

in % to previous

year

thousand USD

in % to previous

year

2017

1932.7

106.6

43.4

198.5

+1889.3

1976.1

2018*

795.9

41.2*

135.4

311.9*

+660,5

931.3

(*According to the data from the State Statistics Service of Ukraine in 2018)

The main articles of export of goods from Ukraine to Rwanda in 2018 were: grain crops - 198 thousand USD (24.9%), boilers, machines - 190.3 thousand USD (23.9%), ferrous metals - 158.2 thousand USD  (15.9%), fats and oils of plant and animal origin - 123.1 thousand USD (15.5%), optical and photography devices - 73.1 thousand USD (9.2%).

The only import article from Rwanda to Ukraine in 2018 was: coffee, tea - 135.4 thousand USD (100%).

According to the State Statistics Committee of Ukraine for 2018, exports of services from Ukraine to Rwanda amounted to 16 thousand USD. Exports of services from Ukraine to Rwanda amounted to 69.9% in relation to 2017.

There were no imports of services from Rwanda to Ukraine in 2018.

The positive balance of trade between Ukraine and Rwanda in the service sector in 2018 amounted to 16 thousand USD. At the same time, the services related to travel (100%) were the only export article.

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 in was discussed with 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.