Net trade in goods and services in Rwanda
Rwanda: Net trade in goods and services was -2.25 billion BoP, current US$ in 2024. ▼ Falling
Net trade in goods and services in Rwanda, 2010–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Rwanda is -2.25 billion BoP, current US$, measured in 2024.
The figure is up 0.6% on the previous year and down 70.1% over ten years.
Over the whole period, net trade in goods and services in Rwanda peaked at -941.10 million BoP, current US$ in 2010 and was at its lowest, -2.27 billion BoP, current US$, in 2023.
That places Rwanda 146th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Net trade in goods and services in Rwanda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2010 | -941.10 million BoP, current US$ | — |
| 2011 | -1.22 billion BoP, current US$ | +30.1% |
| 2012 | -1.25 billion BoP, current US$ | +2.4% |
| 2013 | -1.15 billion BoP, current US$ | -7.9% |
| 2014 | -1.33 billion BoP, current US$ | +14.8% |
| 2015 | -1.49 billion BoP, current US$ | +12.4% |
| 2016 | -1.54 billion BoP, current US$ | +3.3% |
| 2017 | -1.17 billion BoP, current US$ | -24.2% |
| 2018 | -1.30 billion BoP, current US$ | +11.3% |
| 2019 | -1.48 billion BoP, current US$ | +14.2% |
| 2020 | -1.65 billion BoP, current US$ | +11.2% |
| 2021 | -1.78 billion BoP, current US$ | +8.2% |
| 2022 | -1.98 billion BoP, current US$ | +11.0% |
| 2023 | -2.27 billion BoP, current US$ | +14.6% |
| 2024 | -2.25 billion BoP, current US$ | -0.6% |
Rwanda compared with similar countries
- Rwanda's -2.25 billion BoP, current US$ is below the median for low income countries, which is -1.27 billion BoP, current US$, 1.8× the median. (23 countries reporting)
- Rwanda's -2.25 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -701.38 million BoP, current US$, 3.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -1.29 billion BoP, current US$ | -1.54 billion BoP, current US$ | -941.10 million BoP, current US$ | 10 |
| 2020s | -1.99 billion BoP, current US$ | -2.27 billion BoP, current US$ | -1.65 billion BoP, current US$ | 5 |
Countries ranked near Rwanda
- 143 Mauritius -2.06 billion BoP, current US$ compare
- 144 Georgia -2.20 billion BoP, current US$ compare
- 145 Latvia -2.24 billion BoP, current US$ compare
- 147 Suriname -2.32 billion BoP, current US$ compare
- 148 Malawi -2.39 billion BoP, current US$ compare
- 149 Jamaica -2.40 billion BoP, current US$ compare
More economy & growth data for Rwanda
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.1 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 7.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 13.15 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.9225 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 572.93 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 25.19 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0379 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.19 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -18.44 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods and services in Rwanda?
- Net trade in goods and services in Rwanda was -2.25 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Rwanda?
- The highest recorded value was -941.10 million BoP, current US$ in 2010.
- What is the lowest net trade in goods and services recorded in Rwanda?
- The lowest recorded value was -2.27 billion BoP, current US$ in 2023.
- How does Rwanda rank for net trade in goods and services?
- Rwanda ranks 146th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Rwanda?
- Over the last ten years it is down 70.1%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.