US-RWANDA TRADE IMBALANCE DECREASES

Rwandan exports to the United States for the first eight months of 2007 have amounted to $7 million, indicating a 77% increase from the same period in 2006, figures from the Office of the U.S. Trade Representative show, and the Rwandan government wants that to double that. The figures, released to coincide with ongoing bilateral negotiations on trade between the two countries, also show that the imports from the U.S. into Rwanda rose by 21% for the same period, amounting to $11.5 million. This means that there still remains a small trade imbalance in favor of the U.S. 

According to these trade figures, total two-way goods exchanges between Rwanda and the world power reached $18.6 million this year, representing an increase of 37% from the previous year. Products that the U.S imports from Rwanda include tungsten, ore and the world class Rwandan coffee that is bought by retail giant Starbucks, among others. 

Essentially all Rwandan imports enter the U.S duty-free, with over half of total imports entering the U.S under preferences available under the AGOA and the Generalized System of Preferences. 

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