Identifying realistic export opportunities for Rwanda based on the TRADE DSM approach, is a publication by the International Growth Centre. Stimulating new exports is one of the most efficient ways that policymakers can drive structural transformation, by transferring resources from traditional activities to these new ones with the aim of uplifting and advancing the overall economy. Key aspects for a national export strategy to consider include which new markets to target, what such market demand looks like in the medium-term, and how accessible such markets are given a country’s trading and tariff conditions.
Similarly, this strategy should also consider which new products to produce with new technologies. Understanding the underlying employment, skill and technology requirement of producing new export markets should also be a key consideration. Policymakers further need to use the right tool for the right policy question, since policies aimed at diversifying export products differ significantly from diversifying destination markets.