Rwanda

Rwanda ranked No. 174 in total trade value through June with a total of $28.41 million. Exports totaled $12.29 million and Imports totaled $16.12 million, a deficit of $3.83 million.

U.S. trade with Rwanda rose to $28.41 million through June

Rwanda’s trade with the United States rose to $28.41 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.97 percent above its total trade during the same time period last year. U.S. exports to Rwanda increased 29.93 percent while U.S. imports from Rwanda rose 8.69 percent. The U.S. deficit with Rwanda was $3.83 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Oakland, Calif.; No. 2 Port of Seattle, Wash.; No. 3 Port of New Orleans; No. 4 Port of Newark; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of Oakland, Calif.; No. 4 Port of Savannah, Ga. and No. 5 Port of New Orleans. In the current time period, the top five accounted for 59.83 percent of Rwanda’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. rose 118.47 percent to $5.2 million.
    Exports rose 134 percent to $23,000. Imports rose 118.41 percent to $5.18 million.
  • Trade with No. 2 Port of Seattle, Wash. rose 627.19 percent to $4.37 million.
    Exports rose 49028 percent to $4.18 million. Imports fell 67.74 percent to $191,013.
  • Trade with No. 3 Port of New Orleans rose 108.29 percent to $2.67 million.
    Exports rose 297.11 percent to $377,568. Imports rose 93.17 percent to $2.29 million.
  • Trade with No. 4 Port of Newark fell 59.84 percent to $2.67 million.
    Exports rose 39.5 percent to $436,256. Imports fell 64.74 percent to $2.23 million.
  • Trade with No. 5 Chicago O’Hare International Airport rose 183.7 percent to $2.09 million.
    Exports rose 711.4 percent to $1.54 million. Imports rose 0.15 percent to $546,936.

Rwanda ranked No. 174 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 181.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Rwanda by value through June were the categories of Cranes, derricks, industrial-use vehicles; Computers; Malt extract, less than 40% cocoa; Plastics; and Misc. plastic articles, respectively. They accounted for 61.83 percent of total exports to Rwanda.

The value of the top five categories of U.S. imports from Rwanda –– Coffee; Tungsten ores, concentrates; Vegetable extracts, pectates, agar, etc.; Travel goods, including handbags, wallets, jewelry; and Almonds, walnuts, pistachios, hazelnuts, etc. –– accounted for 90.13 percent of all inbound shipments.

Looking more closely at U.S. exports to Rwanda:

  • Cranes, derricks, industrial-use vehicles rose 143.7 percent compared to last year to $4.04 million.
  • Computers rose 51.52 percent compared to last year to $1.54 million.
  • Malt extract, less than 40% cocoa totaled $704,097. The previous year, there were no exports in this category.
  • Plastics rose 94.09 percent compared to last year to $681,129.
  • Misc. plastic articles rose 871.44 percent compared to last year to $641,179.

Looking more closely at U.S. imports from Rwanda:

  • Coffee rose 46.27 percent compared to last year to $11.03 million.
  • Tungsten ores, concentrates totaled $1.24 million. The previous year, there were no imports in this category.
  • Vegetable extracts, pectates, agar, etc. rose 200 percent compared to last year to $1.22 million.
  • Travel goods, including handbags, wallets, jewelry rose 2.33 percent compared to last year to $568,862.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 116.58 percent compared to last year to $468,173.

In the latest annual figures available, Rwanda recorded $64.46 million in trade with the United States. Total U.S. exports to Rwanda were $ 18.86 million and imports from Rwanda were $45.6 million. The U.S. deficit with Rwanda was $26.74 million.