Rwanda’s Revenue from Agro-exports Rose by 45% in the Fiscal Year 2021/2022

The National Agricultural Export Development Board (NAEB) has announced the performance of agro-exports for the fiscal year 2021/2022. The consolidated report includes figures of production, export volumes and generated revenues from agricultural commodities from July 2021 to June 2022.

A total of USD 640,952,297 of Revenues was registered from the exportation of all agricultural products, representing an increase of 45% over the fiscal year 2020/2021, when revenues generated were USD 444,862,192. This increase is justified by the Government's economic recovery measures following the COVID-19 pandemic, which disrupted the global and cross-border trade.

Export revenues from traditional commodities (i.e., coffee, tea and pyrethrum) increased by 18% to USD 185,442,833 in the fiscal year 2021/2022 while non-traditional export commodities increased by 58% to USD 455,509,464 in the fiscal year 2021/2022.

Coffee export revenues increased by 23% while tea export revenues increased by 15% and pyrethrum export revenues increased by 12%. In comparison to fiscal year 2020/2021, horticulture commodities accounted for 6.7% of total agro-export revenues with an increase of vegetable and fruit export values of 63% and 87% respectively. However, flower export quantities and revenues have decreased (5% and 13%, respectively) as a result of the ongoing political crisis in Russia and Ukraine, both of which are major importers of flowers, cereals and grains' export revenues increased by 44%, accounting for 20.8 of total agro export revenues.

In a press statement released by NAEB, the institution says it anticipates further growth in the agricultural export business as the global economy continues to open up.

The Agricultural Board's Chief Executive Officer, Claude Bizimana said, "We are pleased that, in addition to other opportunities, the agro-export sector contributes significantly to job retention and creation. We will build on this year's strong performance by looking for new and innovative ways to keep Rwanda's agribusiness environment adaptable and competitive while drawing in the interest of international markets"