Market Brief on Rwanda€¦ · Market Brief on Rwanda January 2018 Location Facts and Figures Rwanda is a landlocked Central/East African country bordered by the Democratic Republic

Market Brief on Rwanda January 2018

Location Facts and Figures

Rwanda is a landlocked Central/East African country bordered by the Democratic Republic of the Congo to the west, Uganda to the north, Tanzania to the east, and Burundi to the south. It lies a few degrees south of the equator and is landlocked.

Total Population (2016)

11.6 million

Area 26,388 km2

Time Zone UTC+2:00

Capital City Kigali

International Telephone Code

+250

Currency Rwandan franc (RWF)

Exchange Rate (29/01/18)

1 USD = 851.864 RWF

GDP (2017 est.)

US$ 8.6 Billion

GDP per capita (2017 est.)

US$724.7

GDP Growth Rate (2017 est.)

6%

Ease of Doing Business (World Bank 2017)

56/190

Inflation Rate (2017 est.)

4.9%

Banking Hours 0800-1700 hrs (weekdays) 0830-1200hrs (Sat)

Literacy Rate (2016)

70.5 %

Measures Metric System

Important International Participation

UN, WTO, COMESA,

EAC, AU, AfDB

City Population

Kigali 745,261

Butare 89,600

Gitarama 87,613

Ruhengeri 86,685

Gisenyi 83,263

Byumba 70,593

Cyangugu 63,883

Kibuye 48,024

Rwamagana 47,203

Kibungo 46,240

Cities and Population

Rwanda Trade with the world (2012-2016)

Major import sources of Rwanda (2016) Major export destinations of Rwanda (2016) Na

2012 2013 2014 2015 2016

Exports 506,989 608,097 653,365 578,694 621,606

Imports 1,831,958 1,989,145 1,954,210 1,858,091 1,778,279

Trade Bal (1,324,969) (1,381,048) (1,300,845) (1,279,397) (1,156,673)

-2,000,000

-1,500,000

-1,000,000

-500,000

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

US$

'00

0

21%

11%

8%

7%6%

5%

4%

3%

3%

3%

29%

China Uganda Kenya India

UAE Tanzania Germany Japan

USA South Africa Other

32%

16%

14%

9%

6%

3%

3%

3%

2%

2%

10%

DRC Kenya UAE Switzerland

Burundi Singapore USA Belgium

Uganda Hong Kong Other Source: Trademap Source: Trademap

Source: Trademap

Major import products of Rwanda (2016) Major export products of Rwanda (2016)

Zimbabwe-Rwanda Trade (2012-2016)

13%

11%

8%

5%

5%4%

4%3%3%3%

41%

Electrical machinery (Telephone sets; Insulated cables)

Machinery (Bulldozers, Automatic data-processing machinery)

Vehicles

Cereals

Pharmaceutical products

Cement; Salt & Gypsum

Iron and steel

Cane sugar

Plastics and articles thereof

Animal or vegetable fats and oils (Palm oil, Coconut oil)

Other

21%

17%

14%

13%

4%

4%

4%

3%

2%

1%

1%

16%

Coffee & tea

Mineral fuels (Petroleum oils & gases)

Ores, slag and ash (Nobium, Tin, Tungsten, Iron)

Natural or cultured pearls (Gold)

Animal or vegetable fats and oils

Wheat, Cereal flours

Cereals

Machinery

Electrical machinery and equipment

Vehicles

Bran, sharps and other residues

Other

2012 2013 2014 2015 2016

Exports 95 609 507 301 506

Imports 3 37 7 155 24

Trade Bal 92 572 500 146 482

0

100

200

300

400

500

600

700

US

$'0

00

Source: Trademap Source: Trademap

Source: Trademap

Zimbabwe’s major exports to Rwanda (2016)

Zimbabwe exports to Rwanda in 2016,

(US$’000)

Annual growth in value between

2012-2016, %, p.a.

Rwanda Imports from the World

in 2016 (US$’000)

Soya bean seed, for sowing 365 100 2,175

Maize seed for sowing 98 100 21,805

Bathing caps, hoods and other headgear 40 100 52 Source: Trademap

Zimbabwe products with export potential to Rwanda Zimbabwe's imports from Rwanda (2016)

• Pharmaceutical products

• Dried fish

• Maize seed for sowing

• Bars and rods, of iron or non-alloy steel

• Wooden furniture

• Manufactured tobacco

• In 2016, Zimbabwe imported US$24 000 worth of products: ✓ Clothes US$ 16 000 ✓ Toiletry bags US$4 000 ✓ Vehicles US$4 000

Useful Addresses Preferential Trade Arrangements

Centre d'Appui aux Petites et Moyennes Entreprises au Rwanda Lac Muhazi Avenue P.O. Box 4747 Kigali, Rwanda Phone : +250 586119; +250 586120 Fax : +250 586113 Email : [email protected] Website: http://www.capmer.or Rwanda Development Board - Trade and Manufacturing Department Crnr. Blvd. de l'Umuganda (Airport rd.) and Nyarutaraman Rd. P.O. Box 6239 Gishushu Kigali, Rwanda Phone : +250-78851-2609 (mobile) Fax : +250-252-58517 Email : [email protected] ; [email protected] Website: http://www.rdb.rw

Fédération Rwandaise du secteur privé B.P. 319 Kigali, Rwanda Phone : +250 583541; +250 583538 Fax : +250 583532 Email : [email protected] Website: http://www.psf.org.rw

Source: Trademap

COMESA Free Trade Area

The Common Market for Eastern and Southern Africa (COMESA) is a regional integration grouping of African States which have agreed to promote regional integration through trade development and to develop their natural and human resources for the mutual benefit of all their peoples.

COMESA Member States established a Free Trade Area (FTA) on 31 October 2000. Fourteen States (Burundi, Comoros, Djibouti, Egypt, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Sudan, Seychelles, Zambia and Zimbabwe) are participating in the Free Trade Area.

For more information on trading under COMESA FTA refer to ZimTrade’s

“Guide to Zimbabwe’s Trade Agreements”.

Travelling to Rwanda

• A valid passport (at least 6 months) is required.

• Zimbabwe nationals pay US$30. 00 for a visa.

• Yellow fever certificate is required

• Options to travel to Rwanda by air include: ✓ Harare-Johannesburg-Kigali ✓ Harare-Addis Ababa-Kigali ✓ Harare-Nairobi-Bujumbura-Kigali

For more information, please contact us

www.tradezimbabwe.com

[email protected]

@ ZimTradeAlterts

+263-4-369330-41

Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to www.zimtrade.co.zw