Net trade in goods (BoP, current US$) in Rwanda
Rwanda: Net trade in goods (BoP, current US$) was -2.34 billion BoP, current US$ in 2024. ▼ Falling
Net trade in goods in Rwanda, 2010–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Rwanda recorded -2.34 billion BoP, current US$ for net trade in goods in 2024.
That represents a change of up 1.0% on the previous year and down 84.8% over ten years.
Over the whole period, net trade in goods in Rwanda peaked at -786.70 million BoP, current US$ in 2010 and was at its lowest, -2.37 billion BoP, current US$, in 2023.
Rwanda ranks 127th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Net trade in goods (BoP, current US$) in Rwanda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2010 | -786.70 million BoP, current US$ | — |
| 2011 | -1.10 billion BoP, current US$ | +40.4% |
| 2012 | -1.27 billion BoP, current US$ | +15.3% |
| 2013 | -1.15 billion BoP, current US$ | -9.7% |
| 2014 | -1.27 billion BoP, current US$ | +10.2% |
| 2015 | -1.24 billion BoP, current US$ | -2.5% |
| 2016 | -1.29 billion BoP, current US$ | +4.7% |
| 2017 | -973.90 million BoP, current US$ | -24.7% |
| 2018 | -1.15 billion BoP, current US$ | +18.5% |
| 2019 | -1.46 billion BoP, current US$ | +26.9% |
| 2020 | -1.65 billion BoP, current US$ | +12.7% |
| 2021 | -1.66 billion BoP, current US$ | +0.5% |
| 2022 | -1.99 billion BoP, current US$ | +19.9% |
| 2023 | -2.37 billion BoP, current US$ | +19.1% |
| 2024 | -2.34 billion BoP, current US$ | -1.0% |
Rwanda compared with similar countries
- Rwanda's -2.34 billion BoP, current US$ is below the median for low income countries, which is -796.66 million BoP, current US$, 2.9× the median. (23 countries reporting)
- Rwanda's -2.34 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -496.51 million BoP, current US$, 4.7× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -1.17 billion BoP, current US$ | -1.46 billion BoP, current US$ | -786.70 million BoP, current US$ | 10 |
| 2020s | -2.00 billion BoP, current US$ | -2.37 billion BoP, current US$ | -1.65 billion BoP, current US$ | 5 |
Countries ranked near Rwanda
- 124 Uganda -2.10 billion BoP, current US$ compare
- 125 Namibia -2.10 billion BoP, current US$ compare
- 126 Hungary -2.28 billion BoP, current US$ compare
- 128 Malawi -2.51 billion BoP, current US$ compare
- 129 Myanmar -2.85 billion BoP, current US$ compare
- 130 Maldives -2.96 billion BoP, current US$ compare
More economy & growth data for Rwanda
- Real gdp growth, annual growth rate -15.81 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -78.73 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.51 units per person (2025)
- SDRs holdings, SDR, annual growth rate -79.75 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.1 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods in Rwanda?
- Net trade in goods in Rwanda was -2.34 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 recorded in Rwanda?
- The highest recorded value was -786.70 million BoP, current US$ in 2010.
- What is the lowest net trade in goods recorded in Rwanda?
- The lowest recorded value was -2.37 billion BoP, current US$ in 2023.
- How does Rwanda rank for net trade in goods?
- Rwanda ranks 127th out of 200 countries with data for 2024.
- Is net trade in goods rising or falling in Rwanda?
- Over the last ten years it is down 84.8%. 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 (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 is the difference between the exports and imports of goods. 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.