Rwanda's exports to Burundi decline by 41.5% #rwanda #RwOT

According to the NISR's external trade report, exports to Burundi were valued at $5.18 million in Q3 2023, but fell to $3.03 million in Q3 2024.

However, there was an improvement from the second quarter of 2024, with exports increasing from $2.18 million to $3.03 million in Q3 2024.

This drop is primarily due to strained relations between the two countries, leading to Burundi closing its land borders in January 2024.

Since then, travel between the countries has been restricted to air travel via the national airline, RwandAir.

Reexports from Rwanda to Burundi experienced an even sharper decline of 59.66%, falling from $4.04 million in Q3 2023 to $1.63 million in Q3 2024.

Compared to the second quarter of 2024, the reexport value also decreased from $2.31 million.

In terms of exports to East African Community (EAC) partner states, the report shows that Burundi ranked second for Rwanda's domestic exports in Q3 2024, following Uganda, which received exports worth $4.2 million.

The drop in exports from Rwanda to Burundi is primarily due to strained relations between the two countries, leading to Burundi closing its land borders in January 2024.

IGIHE

Source : https://en.igihe.com/news/article/rwanda-s-exports-to-burundi-decline-by-41-5