{"id":52166,"date":"2024-12-09T11:39:09","date_gmt":"2024-12-09T11:39:09","guid":{"rendered":"https:\/\/new.igihe.com\/kenya-overtakes-tanzania-in-rwanda-s-import-market\/"},"modified":"2024-12-09T11:28:29","modified_gmt":"2024-12-09T11:28:29","slug":"kenya-overtakes-tanzania-in-rwanda-s-import-market","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/kenya-overtakes-tanzania-in-rwanda-s-import-market\/","title":{"rendered":"Kenya overtakes Tanzania in Rwanda\u2019s import market"},"content":{"rendered":"<p>The October 2024 report highlights a significant shift in Rwanda&#8217;s import dynamics, with imports from Kenya soaring to $121.45 million\u2014a staggering 241.55% increase compared to September 2024 and a 361.43% rise year-on-year. <\/p>\n<p>The growth propelled Kenya to the second spot among Rwanda&#8217;s top import partners, contributing 19.29% of total imports.<\/p>\n<p>Meanwhile, Tanzania experienced a notable decline, with its exports to Rwanda plummeting by 39.04% month-on-month to $57.38 million, representing just 9.11% of Rwanda\u2019s total imports. <\/p>\n<p>Tanzania&#8217;s sharp drop from its previously dominant position indicates a significant shift in Rwanda&#8217;s import landscape, as it has long been Rwanda\u2019s primary partner due to its geographical proximity and the role of the Dar es Salaam port.<\/p>\n<p>Kenya&#8217;s performance has been attributed to increased trade in key commodities such as food products and manufactured goods, sectors in which it is highly competitive. By contrast, Tanzania&#8217;s decline reflects reduced trade volumes in categories like crude materials and other traditional export items.<\/p>\n<p>China remains Rwanda\u2019s top import partner, supplying $142.08 million worth of goods in October 2024. However, Kenya\u2019s surge underscores its growing role in the regional trade landscape. <\/p>\n<p>The shift also highlights Kenya\u2019s robust trade infrastructure and strong bilateral relations with Rwanda. Enhanced trade agreements, improved logistics, and competitive pricing are likely contributing factors to Kenya\u2019s rise.<\/p>\n<p>Other notable import partners include India, the United Arab Emirates, Uganda, Malaysia, Belgium, Egypt, and Japan.<\/p>\n<p>In the export market, the United Arab Emirates led as the largest destination, accounting for 67.44% of exports, despite a 15% month-on-month decline. Other notable export partners include the Democratic Republic of Congo (DRC), Luxembourg, and Uganda.<\/p>\n<p>In October 2024, Rwanda\u2019s trade deficit stood at $363.65 million, reflecting a 7.37% decrease compared to September 2024 but an 11.89% increase compared to October 2023.<\/p>\n<p>Rwanda&#8217;s total exports displayed a mixed performance during the same month. While exports declined by 12.29% month-on-month, they showed a remarkable 45.49% increase year-on-year. Domestic exports followed a similar pattern, with a 15.75% month-on-month decline but an impressive 61.81% rise year-on-year. Meanwhile, re-exports recorded modest growth, increasing by 1.63% month-on-month and 8.87% year-on-year.<\/p>\n<p>Among export sectors, animal and vegetable oils, fats, and waxes stood out with exceptional growth, registering a 42.43% increase month-on-month and a staggering 6347.55% increase year-on-year. Similarly, miscellaneous manufactured articles performed strongly, growing by 23.76% month-on-month and 57.26% year-on-year.<\/p>\n<p>On the imports side, total imports experienced a slight decline of 1.92% month-on-month but rose significantly by 23.99% year-on-year. The food and live animals category contributed notably to this growth, increasing by 19.21% month-on-month and 22.00% year-on-year. Additionally, chemicals and related products exhibited robust performance, with imports rising by 21.42% month-on-month and 35.15% year-on-year.<\/p>\n<figure class=\"spip-document spip-document-78304 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/cargo-handling-at-mombasa-port-in-kenya.jpg\" alt=\"The October 2024 report highlights a significant shift in Rwanda\u2019s import dynamics, with imports from Kenya soaring to $121.45 million\u2014a staggering 241.55% increase compared to September 2024 and a 361.43% rise year-on-year.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Kenya has edged out Tanzania to become Rwanda&#8217;s top regional import source, according to the latest trade report published by the National Institute of Statistics of Rwanda (NISR).<\/p>\n","protected":false},"author":131,"featured_media":2000078303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[192],"hashtag":[],"class_list":["post-52166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","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":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","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":131}],"featured_image":{"id":2000078303,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cargo-handling-at-mombasa-port-in-kenya.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cargo-handling-at-mombasa-port-in-kenya.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cargo-handling-at-mombasa-port-in-kenya.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cargo-handling-at-mombasa-port-in-kenya.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cargo-handling-at-mombasa-port-in-kenya.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cargo-handling-at-mombasa-port-in-kenya.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/52166","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\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=52166"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/52166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000078303"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=52166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=52166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=52166"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=52166"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=52166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}