Kenya Balance of Trade

Kenya recorded a trade deficit of 87053 Million KES in January of 2014. Balance of Trade in Kenya is reported by the Central Bank of Kenya. Balance of Trade in Kenya averaged -30011.27 Million KES from 1998 until 2014, reaching an all time high of -2175 Million KES in June of 1999 and a record low of -92960 Million KES in October of 2013. 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. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-87053.00 -78674.00 -2175.00 -92960.00 -84329.48 | 2014/06 1998 - 2014 Million KES Monthly

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Kenya Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-29 05:00 PM Kenya
Balance of Trade
May 2013 KES -70.0B KES -76.07B KES -74.2B
2014-01-31 01:00 PM Kenya
Balance of Trade
Nov 2013 KES -71.73B KES -92.96B KES -81.5B
2014-02-24 12:00 PM Kenya
Balance of Trade
Dec 2013 KES -78.67B KES -71.73B KES -83.4B
2014-03-31 05:00 PM Kenya
Balance of Trade
Jan 2014 KES -87.05B KES -78.67B KES -80.2B
2014-04-30 04:00 PM Kenya
Balance of Trade
Feb 2014 KES -87.05B KES -81.2B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -8.09 2013-12-31 -10.50 2.20 -12.20 -7.06 2014-06-30 Percent [+]
Balance of Trade -87053.00 2014-01-15 -78674.00 -2175.00 -92960.00 -84329.48 2014-06-30 Million KES [+]
Current Account -317.82 2013-12-15 -190.21 159.86 -652.00 -289.85 2014-06-30 USD Million [+]
Capital Flows 437950000.00 2013-12-15 265860000.00 924290000.00 -232920000.00 437137039.96 2014-06-30 USD [+]
Exports 43062.50 2014-01-15 40308.00 48544.00 9007.00 42211.22 2014-06-30 Million KES [+]
External Debt 922.37 2013-12-31 912.23 922.37 361.73 957.09 2014-06-30 KES Billion [+]
Imports 130116.50 2014-01-15 118982.00 136123.00 13453.00 124320.93 2014-06-30 Million KES [+]
Remittances 113216.00 2013-12-31 113420.00 113420.00 25154.00 116319.40 2014-06-30 USD Thousand [+]
[+]


Kenyan Trade Deficit Widens to Second Highest in Nearly 2-1/2 Years

Trade deficit in Kenya increased in January of 2014 to KES 87.1 billion from KES 83.7 billion a year earlier and KES 78.7 billion in December of 2013.

On a monthly basis, exports rose by 2.8 percent to KES 43.06 billion. In January, coffee exports increased in both value and quantity (22.3 percent and 18.5 percent). Sales of tea increased in value terms by 9.9 percent while in volume terms it dropped 0.2 percent. 

Imports surged 11.1 percent to KES 130.1 billion on the back of higher purchases of industrial supplies (6.5 percent), fuel and lubricants (+8.6 percent), machinery and other capital equipment (+25.3 percent).

The main export partners were Uganda followed by the Netherlands and the United Kingdom, while the top countries for Kenya’s imports were India and China.

Compared with the previous year, exports value decreased 8.6 percent and imports fell 0.5 percent.

Isabel Felino | isabel.felino@tradingeconomics.com
4/1/2014 12:28:11 PM

RECENT RELEASES

Kenya Trade Deficit Widens in December
In the last month of 2013, Kenya’s trade deficit increased to KES 78.67 billion, from KES 71.7 billion in the previous month and KES 76.9 billion a year earlier. Published on 2014-02-26

Kenya Trade Deficit Narrows in November
In November of 2013, Kenyan trade deficit decreased to KES 71.73 billion, down from KES 92.9 billion in the previous month and KES 83.8 billion in the same month last year, boosted by higher tea sales. Published on 2014-02-04


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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