Kenya Balance of Trade

Kenya recorded a trade deficit of 102611.62 Million KES in May of 2014. Balance of Trade in Kenya averaged -31045.16 Million KES from 1998 until 2014, reaching an all time high of -2175 Million KES in June of 1999 and a record low of -102611.62 Million KES in May of 2014. Balance of Trade in Kenya is reported by the Central Bank of Kenya.


Kenya Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-102611.62 -90289.20 -2175.00 -102611.62 1998 - 2014 Million KES Monthly
Agricultural products are central to Kenya's export industry with horticultural and tea being the most important. Other export items include textiles, coffee, tobacco, iron and steel products, petroleum products, cement. Kenya main exports partners are UK, Netherlands, Uganda, Tanzania, United States and Pakistan. Kenya imports mostly machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics. Kenya main import partners are India, China, UAE, South Africa, Saudi Arabia, United States and Japan. This page provides - Kenya Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kenya Trade Deficit Widens Sharply in May

Kenyan trade gap reached KES 102.6 billion in May of 2014, widening 13.6 percent from the previous month and 46.5 percent over a year earlier. It is the highest shortfall on record, driven by a surge in imports.

Exports increased 9 percent year-on-year to KES 47.9 billion in May. In volume terms, coffee sales fell 11 percent while their value rose 13.1 percent. In contrast, shipments of tea decreased in both volume (-11.5 percent) and value (-22 percent).

In May, the United States was the country’s top export partner accounting for 7.5 percent of total exports. 

Imports rose 32.3 percent over a year earlier to KES 150.5 billion. 17.5 percent of total imports came from India while the United States and China accounted for 14.1 percent each. In May, Kenya exported mostly fuel and lubricants and non-food industrial supplies (50 percent of total imports) while food purchases accounted for 5.9 percent.

Joana Taborda |
7/4/2014 11:19:06 AM

Recent Releases

Kenya Trade Deficit Decreases in March
Kenyan trade gap narrowed for the second consecutive month to KES 59.2 billion in March of 2014 from KES 64.4 billion in the previous month, as exports hit the highest value on record. Published on 2014-06-02

Kenyan Trade Deficit Narrows in February
Kenyan trade deficit decreased 26 percent to KES 64.4 billion in February of 2014, after widening to the second highest gap in nearly 2-1/2 years in January. Compared with the same month last year, the trade gap narrowed 7.6 percent. Published on 2014-05-01

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-03-31 05:00 PM Kenya
Balance of Trade
Jan 2014 KES -87.05B KES -78.67B KES -80.2B
2014-04-30 08:00 AM Kenya
Balance of Trade
Feb 2014 KES -64.4B KES -87.05B KES -81.2B
2014-06-02 12:00 PM Kenya
Balance of Trade
Mar 2014 KES -59.2B KES -64.4B KES -79.4B
2014-06-30 05:00 PM Kenya
Balance of Trade
Apr 2014 KES -90.3B KES -59.2B KES -72.7B
2014-07-31 02:00 PM Kenya
Balance of Trade
Jun 2014 KES -102.6B KES -80.3B

Trade Last Previous Highest Lowest Unit
Balance of Trade -102611.62 -90289.20 -2175.00 -102611.62 Million KES [+]
Exports 47866.02 48995.41 48995.41 9007.00 Million KES [+]
Imports 150478.00 139284.61 150478.00 13453.00 Million KES [+]
Current Account -317.82 -190.21 159.86 -652.00 USD Million [+]
Current Account to GDP -8.20 -10.45 2.20 -12.20 Percent [+]
External Debt 922.37 912.23 922.37 361.73 KES Billion [+]
Remittances 119657.00 113409.00 119657.00 25154.00 USD Thousand [+]
Capital Flows 437950000.00 265860000.00 924290000.00 -232920000.00 USD [+]
Gold Reserves 0.02 0.02 0.02 0.00 Tonnes [+]

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