In the third quarter of 2024, Rwanda’s total trade was US$ 2,982.66 million, an increase of 41 percent over the third quarter of 2023. Domestic exports were estimated at US$ 653.85 million; imports were estimated at US$ 2,144.23 million and re-exports were estimated at US$ 184.59 million.
TABLE: Rwanda's Formal External Trade in Goods (values in US$ million)
2023Q3 | 2023Q4 | 2024Q1 | 2024Q2 | 2024Q3 | |
| Exports | 367.61 | 400.06 | 438.78 | 541.10 | 653.85 |
| Imports | 1572.09 | 1593.96 | 1768.85 | 1814.47 | 2144.23 |
| Re-Exports | 172.99 | 159.55 | 170.89 | 164.00 | 184.59 |
| Total Trade | 2,112.69 | 2,153.57 | 2,378.52 | 2,519.58 | 2,982.66 |
| Trade Balance | -1031.49 | -1034.34 | -1159.18 | -1109.37 | -1305.79 |
In Q3, 2024, the top five export destinations were the United Arab Emirates, the Democratic Republic of Congo, China, Luxembourg, and the United Kingdom.
In terms of re-exports, the top five destinations were the Democratic Republic of Congo, Ethiopia, the United Arab Emirates, Burundi and Uganda. Democratic Republic of Congo accounted for 94.60 percent of Rwanda’s total re-exports.
The most re-exported commodity group in Q3, 2024 was “Mineral fuels, lubricants and related materials” (US$ 53.74 million) followed by “Food and live animals” (US$ 52.22 million).
In terms of total imports (CIF); China, Tanzania, Kenya, India and Cameroon were the top five countries of origin of imports to Rwanda.