Rwanda's agricultural exports revenues surge 45%
Rwanda recorded a 45% increase in revenues from agricultural exports in the fiscal year 2021-2022 compared to the previous fiscal year owing to economic recovery measures, said the government agency in charge of export promotion Monday.
The East African country registered $640.9 million in the fiscal year 2021-2022, up from $444.8 million in the previous year, the National Agricultural Export Development Board (NAEB) said.
"Export revenues from traditional exports including coffee, tea and pyrethrum increased by 18% to $185.4 million in the fiscal year 2021-2022 while non-traditional export commodities increased by 58% to $455.5 million in the fiscal year 2021-2022," it said.
Coffee export revenues increased by 23%, tea increased by 15% and pyrethrum increased by 12%, according to NAEB.
It, however, said flower export quantities and revenues have decreased 5% and 13%, respectively, as a result of the Russia-Ukraine conflict, both of which are major importers of flowers.
"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 agro-business environment adaptable and competitive while drawing in the interest of the international market," said Claude Bizimana, chief executive of the NAEB, in the statement.
