According to figures released by the National Agricultural Export Development Board, NAEB, between January and March 2020, tea exported was 9,317,436 kilograms valued at $ 27,691,861.
Statistics for 2019 show that in the first five months of this fiscal year, which began in July 2019, profits from tea farming had risen 8% to $ 36.08 million.
From July to November 2019, Rwanda’s tea production increased by 12%, and exports increased by 4%, compared to the same period in 2018.
Between July and November 2019, 12,017 tons of tea were produced, more than 10,769 tons produced during the same period in 2018.
At the same time, it was also shown that processed Rwandan tea increased by 4%, from 12,180 tons obtained in 2018 to 12,617 tons in 2019. At the same time, in 2019, exported tea earned $ 36,088,761, equivalent to an increase of 8%, up from $ 33,562,294 in the previous year.
NAEB figures show that the goal is by 2024, Rwandan tea will bring in $ 209 million.
The Minister of Finance and Planning, Dr. Uzziel Ndagijimana, recently announced that due to Coronavirus, exports will face a slump.
He said that on the market today, coffee prices are stable even though it is not the time for production, only tea prices are declining on the market.
By reducing the gap between exports and imports, Rwanda plans to continue to develop its products in Rwanda, urging Rwandans to buy them to replace imports.
Minister Dr. Ndagijimana said that Rwanda’s economic growth rate is currently expected to rise by 8% as expected, with figures currently being revised from 5.1% to 3.5%. “now we are close to 2% even if it didn’t end well”.