Kenya Import and Export Data 2023

The Republic of Kenya in East Africa has a population of 54 million which practices English and Swahili as their official language of the region. Along with a vast population and a land area of 580,367 square kilometers, the country has recorded its name in the 7th most populous country of the African continent. Nairobi the second largest city of the nation is considered a hub of both the industrial and agricultural sectors including the mining industries which accounts for a major share in the global trade of the nation to make it emerge as one of the top business holders.



Initially, the import and export trade of a nation are the representatives of how fast the country is growing at an exponential rate. Both the international trades are under the management of government initiatives and the increased production rate of the industries residing in the region which holds the grip of the entire domestic and international businesses. As per the Kenya Trade Data, the advancing production rate of the traded goods has recorded a value of 102 billion US dollars in 2023 with a significant growth of 6% from the past consecutive years.

TOP IMPORTS AND EXPORTS OF KENYA 2023

Imports and Export trades of a nation are the reasons behind the tremendous hike of Kenya’s rank in the global trade among all the other top business holders. Ranging from machinery and mechanical appliances to gems and jewels everything has now been traded on a global commercial rate according to the domestic and international necessities. As per the Kenya Customs Data, the import and export trades of Kenya with its trade values of 2023 are discussed below,

Imports

• Petroleum products (HS code - 27) – Annual Import Trade value of 2023 – 4 billion US dollars

• Machinery and Electrical equipment (HS code - 85) – Annual Import Trade value of 2023 – 2 billion US dollars

• Iron and steel (HS code - 72) – Annual Import Trade value of 2023 – 1.5 billion US dollars

• Plastics (HS code - 95) – Annual Import Trade value of 2023 –  800 million US dollars

• Pharmaceuticals (HS code - 29) – Annual Import Trade value of 2023 – 700 million US dollars

• Agricultural products (HS code - 84) – Annual Import Trade value of 2023 – 500 million US dollars

• Chemicals (HS code - 38) – Annual Import Trade value of 2023 – 400 million US dollars

• Textiles and clothing (HS code - 59) – Annual Import Trade value of 2023 – 300 million US dollars

• Vehicles (HS code - 87) – Annual Import Trade value of 2023 – 200 million US dollars

• Food products (HS code - 21) – Annual Import Trade value of 2023 – 100 million US dollars

Exports

• Tea (HS code - 09) – Annual Export Trade Value of 2023 – 1.5 billion US dollars

• Coffee (HS code - 09) – Annual Export Trade Value of 2023 – 950 million US dollars

• Horticultural products (HS code - 84) – Annual Export Trade Value of 2023 – 900 million US dollars

• Athletic footwear (HS code - 64) – Annual Export Trade Value of 2023 – 800 million US dollars

• Fish (HS code - 03) – Annual Export Trade Value of 2023 – 700 million US dollars

• Petroleum products (HS code - 27) – Annual Export Trade Value of 2023 – 500 million US dollars

• Fertilizers (HS code - 31) – Annual Export Trade Value of 2023 – 400 million US dollars

• Iron and steel products (HS code - 72) – Annual Export Trade Value of 2023 – 350 million US dollar

• Avocado oil (HS code - 15) – Annual Export Trade Value of 2023 – 300 million US dollars

• Plastics (HS code - 95) – Annual Export Trade Value of 2023 – 200 million US dollars

TOP TRADED AGRICULTURAL GOODS OF KENYA 2023

Agricultural trades have been contributing to the overall growth rates of nations across the globe for a very few years because of their significance in the day-to-day lifestyle of most human beings. The cultivation of the majority of important necessities promotes the agricultural sector in emerging as one of the important factors which contributes to the global trade rate of Kenya. As per the Kenya Export Data, the top 10 productions of the nation with its trade values of 2023 are discussed below,

1. Tea – Total annual trade value of tea in 2023 – 1.4 billion US dollars

2. Coffee – Total annual trade value of coffee in 2023 – 500 million US dollars

3. Fresh Fruits– Total annual trade value of fresh fruits in 2023 – 350 million US dollars

4. Vegetables – Total annual trade value of vegetables in 2023 – 300 million US dollars

5. Cut Flowers – Total annual trade value of cut flowers in 2023 – 250 million US dollars

6. Nuts – Total annual trade value of nuts in 2023 – 200 million US dollars

7. Tobacco – Total annual trade value of tobacco in 2023 – 150 million US dollars

8. Pyrethrum – Total annual trade value of pyrethrum in 2023 – 100 million US dollars

9. Livestock – Total annual trade value of livestock in 2023 – 80 million US dollars

10. Sesame seeds – Total annual trade value of sesame seeds in 2023 – 50 million US dollars

TOP LEADING COMPANIES OF KENYA 2023

The leading companies of Kenya hold major trade shares in the annual economic revenue of the nation after the finance sector, as it controls the entire product circulation of imports and exports. Due to the increased government investments in the trade sector, the companies have been evolving their production with more advanced techniques to serve the global demands at an exact rate. As per the Kenya Import Data, the leading companies of the nation with most of the imports and exports and the value of its trade revenue of 2023 are discussed below,

• Safaricom Plc – Annually generated revenue of 2023 – 8 billion US dollars

• Equity Group holdings – Annually generated revenue of 2023 – 4 billion US dollars

• KCB Group – Annually generated revenue of 2023 – 2  billion US dollars

• East African Breweries Limited – Annually generated revenue of 2023 – 1 billion US dollars

• British American Tobacco – Annually generated revenue of 2023 – 900 million US dollars

• Bamburi Cement – Annually generated revenue of 2023 – 800 million US dollars

• Co-operative bank – Annually generated revenue of 2023 – 700 million US dollars

• Standard Group PLC – Annually generated revenue of 2023 – 600 million US dollars

• Nation Media Group – Annually generated revenue of 2023 – 500 million US dollars

• Ken Gen – Annually generated revenue of 2023 – 400 million US dollars

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