KIGALI, April 28 (Xinhua) — Rwanda’s exports of goods, excluding gold, rose by 10.4 percent in value in the 2024/2025 fiscal year, reaching 1.739 billion U.S. dollars, up from 1.576 billion dollars the previous year, according to the latest report released by the Ministry of Finance and Economic Planning on Monday.
The report attributed the upward trend mainly to positive growth in coffee exports, which resulted from favorable international market prices and an increase in volume due to higher production.
The report showed that ordinary products such as flowers, other minerals, and live animals contributed the largest share of exports, accounting for 61.6 percent of the total export value.
Imports of goods, excluding gold, increased by 5 percent, driven mainly by an increase in consumer goods, capital goods, intermediate goods, and energy products.
In the 2024/2025 fiscal year, Rwanda’s economy grew by 6.3 percent, slowing from 10.6 percent in 2023/2024, according to the report.
The slowdown was mainly attributable to weaker performance in the industrial sector, which dropped from 17 percent growth in 2023/2024 to just 3 percent in 2024/2025, as well as a continued decline in the agriculture sector.
However, despite the slowdown in agriculture and industry, the service sector continued to be the main driver of economic activity, achieving a growth rate of 9 percent in 2024/2025, down from 11 percent in 2023/2024.
The report covered Rwanda’s economic performance from July 2024 to June 2025. ■
