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    Home > Food News > Food Articles > Rwanda's agricultural export earnings in fiscal 2021/2022 increased 44% year-on-year

    Rwanda's agricultural export earnings in fiscal 2021/2022 increased 44% year-on-year

    • Last Update: 2022-09-20
    • Source: Internet
    • Author: User
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    Among them, the export revenue of lu's traditional major export commodities such as coffee, tea and pyrethroids increased by 18%, and the export revenue of non-traditional export commodities such as horticultural crops and cereals increased by 58%.
    。 Coffee exports in traditional export commodities exceeded 15 million kilograms, generating more than $75.
    5 million in revenue, although coffee exports fell by 8.
    85% year-on-year, but thanks to the continuous rise in international market prices, coffee export revenues still increased by 23% year-on-year compared with the previous fiscal year; Tea exports exceeded 35 million kilograms, generating revenue of US$103 million, tea exports and revenues increased by 2.
    94% and 15% respectively over the previous fiscal year, and the increase in revenue was mainly due to higher sales volumes and friendly international market prices
    .
     
    Horticultural crops (vegetables, fruits and flowers) in non-traditional export commodities generated US$42.
    8 million, accounting for 6.
    7%
    of total agricultural export revenue.
    Due to the Conflict between Russia and Ukraine, the demand of the two major flower importers in Rwanda has shrunk, and the volume and income of flower exports have fallen by 5% and 13% respectively from the previous fiscal year; Cereals and grains generated $133 million in revenue, or 20.
    8 percent of total agricultural exports, with cereal exports up 30 percent and 44 percent
    , respectively, from the previous fiscal year.
     
    The sharp increase in Agricultural Export Earnings in the 2021/22 fiscal year is mainly due to a series of economic recovery measures taken by the Government and the steady movement of goods and people with the stabilization of the epidemic situation, and it is expected that the export volume of Lu agricultural products will further increase
    with the continuous opening of the global economy.
    NaEB's chief executive said that the agricultural export sector has made a significant contribution to job creation, and the government will find innovative ways to continue to optimize the business environment, attract investment interest from the international market, and strive to exceed the $1 billion mark
    in agricultural export earnings by 2024.
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