{"id":47783,"date":"2023-03-30T07:57:13","date_gmt":"2023-03-30T07:57:13","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-s-exports-grow-by-33-2-in-2022\/"},"modified":"2023-03-30T07:58:37","modified_gmt":"2023-03-30T07:58:37","slug":"rwanda-s-exports-grow-by-33-2-in-2022","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-s-exports-grow-by-33-2-in-2022\/","title":{"rendered":"Rwanda&#8217;s exports grew by 33.2% in 2022"},"content":{"rendered":"<p>Governor John Rwangombwa presented this economic performance on March 29, 2023, during the Monetary Policy and Financial Stability Statement.<\/p>\n<p>The Central Bank of Rwanda evaluated the economic performance in 2022 and the prospects for 2023.<\/p>\n<p>The increase in exports was primarily due to the thriving manufacturing activities and high commodity prices in international markets. Traditional exports such as minerals, coffee, and tea increased by 27.7%, and non-traditional exports, such as manufactured products and horticulture, rose by 26.8% and 39.3%, respectively.<\/p>\n<p>However, the import bill also increased by 26.9%, reaching $4,060 million in 2022, leading to a 20.7% increase in the trade deficit. The increase in imports was due to the continuing recovery of the national economy and the rise in global raw material and fuel prices.<\/p>\n<p>This affected Rwanda&#8217;s exchange rate, leading to a 6.05% depreciation of the franc against the dollar. Additionally, the overall annual inflation increased to 13.9% in 2022 from 0.8% in 2021, primarily due to global economic turbulence and weak agricultural production in the country.<\/p>\n<p>Governor Rwangombwa expressed confidence in improved economic figures in the early second half of 2023.<\/p>\n<p>The Ministry of Finance will announce projections for 2023 following consultations.<\/p>\n<figure class=\"spip-document spip-document-47142 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/uu-9.jpg\" alt=\"Avocadoes are among Rwanda&#039;s agricultural exports. \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{In 2022, Rwanda&#8217;s exports saw significant growth of 33.2%, rising from $1,167.8 million in 2021 to $1,555.6 million in 2022.}<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-47783","post","type-post","status-publish","format-standard","hentry","category-economy","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/47783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=47783"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/47783\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=47783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=47783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=47783"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=47783"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=47783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}