Browsing: Kenya Exports

Other major export destinations comprised the Netherlands and the United States of America, both of which accounted for purchases of 15.83 and 14.78 billion shillings, respectively.

A jump in imports, led by gasoline and industrial supplies, caused the country’s trade deficit to widen over this time period by Sh34.2 billion, which is equivalent to 10.8 per cent of the country’s GDP in the first quarter.
In spite of a 26.3% increase in exports, the country’s import bill increased by 16.6% to a total of Sh591.6 billion, increasing the trade disparity to a total of Sh351.54 billion.

The economic rebound that was seen in 2019 as the country emerged from the harshest of the COVID-19 restrictions boosted demand, enabling firms to resume production that had been halted in 2020. This occurred as the country broke out of the worst of the COVID-19 restrictions.