Kenya Import Export Report and Analysis

Kenya is the 96th largest trading partner with $1.1 billion in total goods trade during 2019. As per Kenya Import Data, the import value of food and beverages to Kenya amounted to 16.2 billion Kenyan shillings approximately 146 million US dollars. This value increased from approximately 15.3 billion Kenyan shillings approximately 138 million US dollars in July.

The major imports of the country are refined petroleum, cars, packaged medicaments, wheat, and hot rolled iron importing mostly from China, United Arab Emirates, India, Saudi Arabia and Japan. Total imports averaged 161 billion shillings a month which is the level of imports stood in January 2020, before outbreak of Covid-19 in Kenya in March.

Also, the monthly exports average 447 million dollars, a level the imports stood before the pandemic. The imports of Kenya fell to a low of 991 million dollars amid tough restriction of international trade and movement of people.

Most of the imports of the country came from China, followed by India and United Arab Emirates. South Africa, Britain and United States are Kenya’s other sources of imports that include oil and lubricants manufactured goods and machinery. The total imports of the country stood at 15 billion dollars down from 17 billion in 2019.

As per the Kenya Export Data, the exports of the country increased to 66351 million KES in December from 64206 million KES in November of 2021. The exports of the country averaged 33080.44 KES in November 2021.

Agricultural products are centre to the export industry of Kenya with horticulture and tea being the most important. Other export items include coffee, tobacco, iron and steel products, petroleum products, and cement. The main export partners of Kenya are UK, Netherlands, Uganda, Tanzania, United States and Pakistan.

Kenya is the world’s largest exporter of black tea and cut flowers. Kenya’s high rainfall areas constitute about 10% of Kenya’s arable land and produce 70% of its national commercial agricultural output.

The Kenya’s export trade seems to have endured the pandemic without significant disruptions, while imports suffered due to combined effects of fall of the demand and interruptions in the sea shipment.

The Kenyan exports to the countries with the more stringent lockdown policies decreased, while imports from them increased significantly. The GDP is projected to grow by 4.5 recovery in Kenya’s goods exports, tourism and capital inflows.

USA Import Export Report and Analysis

Comments

Popular posts from this blog

Import and Export Procedures in Vietnam 2023

Russia Import Export Statistics 2023

Importance of Turkey Import Export in Trade Data Business