Rwanda records 22% growth in motor vehicle imports over two years #rwanda #RwOT

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According to the latest report from the National Institute of Statistics of Rwanda (NISR), titled Statistical Yearbook 2024, the number of registered vehicles in the country increased from 268,537 in 2021 to 330,166 in 2023.

The increase in vehicle imports aligns with the rising demand for permanent driving licenses. Over the past three years, 143,864 residents obtained permanent driving licenses.

The growth reflects a surge in economic activity and an increasing appetite for personal and commercial transportation options.

Motorcycles continue to dominate the registered vehicle market, with registrations increasing from 141,532 in 2021 to 177,187 in 2023. Cars and jeeps followed suit, growing from 43,182 to 51,262 over the same period.

Other categories of vehicles also experienced growth, with buses increasing from 6,213 to 7,142 and trucks from 24,564 to 28,612. Additionally, trailers saw a rise from 2,169 to 2,559, and special equipment vehicles used in construction and agriculture grew from 2,877 to 3,404.

The growth could be attributed to several factors, including improvements in infrastructure, favourable import policies, and a growing middle class.

Regionally, Rwanda's trade partnerships with the COMESA and SADC blocs have also contributed to this trend. Imports from the COMESA region alone surged from $153.14 million in earlier years to $368.56 million.

However, the increase in motor vehicle imports also presents challenges, particularly concerning urban congestion and environmental impact. The government has been proactive in addressing these issues by promoting the use of electric and hybrid vehicles. Several policy measures are in place to encourage sustainable transport solutions, including tax incentives for environmentally friendly vehicles.

As Rwanda's economy continues to grow, the demand for motor vehicles is expected to rise further. Policymakers are tasked with ensuring that this growth aligns with the country's broader goals of sustainability and urban development.

The increase in vehicle imports aligns with the rising demand for permanent driving licenses. Over the past three years, 143,864 residents obtained permanent driving licenses.

Wycliffe Nyamasege



Source : https://en.igihe.com/business/article/rwanda-records-22-growth-in-motor-vehicle-imports-over-two-years

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