Rwanda's net trade in goods and services (current US$, BoP) was −US$2.25 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 70.1% from −US$1.33 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$2.25 billion | 2024 |
| Five years earlier | −US$1.48 billion | 2019 |
| Ten years earlier | −US$1.33 billion | 2014 |
| Highest | −US$941.1 million | 2010 |
| Lowest | −US$2.27 billion | 2023 |
| Average since 2015 | −US$1.69 billion | 2015–2024 |
| First recorded | −US$941.1 million |
What the numbers say
In 2024, Rwanda's net trade in goods and services (current US$, BoP) rose US$13.54 million on 2023 (from −US$2.27 billion to −US$2.25 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was −US$102.06 million and a typical year strayed about US$176.12 million from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$372.91 million in 2017 and the biggest yearly fall was US$289.03 million in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about US$107.03 million a year. A straight line explains 74% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Rwanda had the 23rd highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Rwanda in the 2024 ranking
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 15 values
| Year | Net trade in goods and services (current US$, BoP) |
|---|---|
| 2024 | -2,254,281,969 |
| 2023 | -2,267,820,296 |
| 2022 | -1,978,790,862 |
| 2021 | -1,783,128,386 |
| 2020 | -1,648,602,394 |
| 2019 | -1,482,482,929 |
| 2018 | -1,298,121,023 |
| 2017 | -1,166,689,291 |
| 2016 | -1,539,599,265 |
| 2015 | -1,489,712,842 |
Net trade in goods and services (current US$, BoP) in nearby economies
- Angola — US$6.76 billion (2025)
- Benin — −US$1.68 billion (2023)
- Botswana — −US$843.02 million (2025)
- Burkina Faso — −US$547.37 million (2024)
- Burundi — −US$946.66 million (2025)
- Cabo Verde — −US$352.91 million (2025)
- Cameroon — −US$1.58 billion (2024)
- Comoros — −US$355.58 million (2023)
- Congo, Dem. Rep. — −US$1.56 billion (2025)
- Congo, Rep.
More economic policy & debt data for Rwanda
- General government final consumption expenditure (current US$) — US$2.47 billion (2025)
- General government final consumption expenditure (current LCU) — 3.52 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$2.46 billion (2025)
- General government final consumption expenditure (constant LCU) — 3.28 trillion (2025)
- General government final consumption expenditure (% of GDP) — 15.06% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$10.54 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 15.06 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Rwanda's net trade in goods and services (current US$, BoP)?
- −US$2.25 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 139.54% from −US$941.1 million in 2010. The highest value was −US$941.1 million in 2010 and the lowest −US$2.27 billion in 2023.
- How does Rwanda rank?
- 23rd highest of 29 economies with data for 2024.
- Is the latest change in net trade in goods and services (current US$, BoP) unusual for Rwanda?
- In 2024, Rwanda's net trade in goods and services (current US$, BoP) rose US$13.54 million on 2023 (from −US$2.27 billion to −US$2.25 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was −US$102.06 million and a typical year strayed about US$176.12 million from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.GSR.GNFS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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