Does Kenya export or import more?

Kenya services export is 5,619,855,538.55 in BoP, current US$ and services import is 3,854,789,279.84 in Bop, current US$. Kenya exports of goods and services as percentage of GDP is 12.03% and imports of goods and services as percentage of GDP is 21.37%.

Is Kenya a net importer or exporter?

In 2019, Kenya exported $11.5 billion and imported $20.4 billion, resulting in a negative trade balance of -$8.9 billion. In 2013, Kenya’s largest export sector was Consumer Goods, with 63.52% of total exports.

What does Kenya export and import?

Economy of Kenya

Statistics
Exports $5.792 billion (2017 est.)
Export goods Tea, horticultural products, coffee, petroleum products, fish, cement, apparel
Main export partners Uganda 10.8% Pakistan 10.6% United States 8.5% United Kingdom 7.3% Netherlands 7.0% Tanzania 4.8% Egypt 4.6% (2017)
Imports $15.99 billion (2017 est.)

What does Kenya import the most?

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.

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What does Kenya export the most?

Overview. Agriculture dominates the Kenyan economy, accounting for 40% of the overall workforce (70% of the rural workforce) and about 25% of the annual workforce. The country’s major agricultural exports are tea, coffee, cut flowers, and vegetables. Kenya is the world’s leading exporter of black tea and cut flowers.

Does Kenya import or export oil?

Kenya is a net importer of petroleum products and its petroleum sector is dominated by foreign-owned companies. The sector is characterised by a large number of players that import, export, distribute and transport petroleum products.

What does Kenya spend on imports?

The import value of food and beverages to Kenya in August 2021 was measured at some 16.2 billion Kenyan shillings (KSh), roughly 146 million U.S. dollars. The value increased from approximately 15.3 billion KSh (138 million U.S.dollars) in July.

Characteristic Import value in billion Kenyan shillings
Aug 2020 9.9

Who does Kenya trade with the most?

In 2019, Kenya major trading partner countries for exports were Uganda, United States, Netherlands, Pakistan and United Kingdom and for imports they were China, India, United Arab Emirates, Saudi Arabia and Japan.

What does Kenya export to us?

The main products that Kenya exported to United States were Non-Knit Men’s Suits ($102M), Non-Knit Women’s Suits ($71.1M), and Titanium Ore ($49.7M). During the last 24 years the exports of Kenya to United States have increased at an annualized rate of 7.24%, from $102M in 1995 to $546M in 2019.

How much does Kenya export?

Kenya had a total export of 5,836,255.97 in thousands of US$ and total imports of 17,210,001.02 in thousands of US$ leading to a negative trade balance of -11,373,745.04 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Kenya is 11.48% and the Most Favored Nation (MFN) Weighted …

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What are the top three imports of Kenya?

The most recent imports of Kenya are led by Refined Petroleum ($3.07B), Cars ($522M), Packaged Medicaments ($471M), Wheat ($439M), and Hot-Rolled Iron ($413M). The most common import partners for Kenya are China ($4.48B), United Arab Emirates ($1.83B), India ($1.82B), Saudi Arabia ($1.28B), and Japan ($910M).

Is Kenya doing well economically?

OVERVIEW. Until the COVID-19 pandemic, Kenya was one of the fastest growing economies in Africa, with an annual average growth of 5.9% between 2010 and 2018. With a GDP of $95 billion, Kenya recently reached lower-middle income status, and has successfully established a diverse and dynamic economy.

What type of economy is Kenya?

Kenya has a market-based economy and is generally considered the economic, commercial, financial and logistics hub of East Africa. With the strongest industrial base in East Africa, Kenya has been successful in attracting U.S. exporters and investors.

How rich is Kenya in the world?

Total private wealth in Africa as of 2020, by country (in billion U.S. dollars)

Characteristic Wealth in billion U.S. dollars
Kenya 90
Ethiopia 57
Ghana 56
Tanzania 54