Kenya's trade deficit rose to KES 93.5 billion in June 2019 from KES 89.6 billion in the same month a year ago. Exports fell 3.4 percent to KES 51.1 billion, as shipments declined markedly for tea (-42.6 percent) and coffee (-26.2 percent) while surged for vegetables (33.9 percent). The country's farmers have been struggling with prolonged drought and erratic weather. In contrast, imports advanced 1.5 percent to KES 144.6 billion, boosted by mineral fuels & lubricants (11.6 percent); machinery & transport equipment (4.7 percent); manufactured goods (1.4 percent); chemicals (7.3 percent); crude materials, except fuels (38.3 percent) and beverages & tobacco (30.8 percent). Balance of Trade in Kenya averaged -44942.09 Million KES from 1998 until 2019, reaching an all time high of -2175 Million KES in June of 1999 and a record low of -119463 Million KES in September of 2014.

Balance of Trade in Kenya is expected to be -115000.00 Million KES by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Kenya to stand at -83000.00 in 12 months time. In the long-term, the Kenya Balance of Trade is projected to trend around -86500.00 Million KES in 2020, according to our econometric models.

Kenya Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 08:40 AM Balance of Trade Mar KES -72.2B KES -90.4B KES -105B
2019-06-25 09:35 AM Balance of Trade Apr KES -101.6B KES -72.2B KES -102B
2019-07-18 09:05 AM Balance of Trade May KES -108.4B KES -101.6B KES -110B
2019-08-14 01:45 PM Balance of Trade Jun KES -93.5B KES -108.4B KES -93B
2019-09-13 03:30 PM Balance of Trade Jul KES -93.5B KES -92B
2019-10-29 05:00 PM Balance of Trade Aug KES -104B
2019-11-19 03:40 PM Balance of Trade Sep KES -92B


Kenya Trade Last Previous Highest Lowest Unit
Balance of Trade -93469.50 -108443.00 -2175.00 -119463.00 Million KES [+]
Current Account -3725.40 -3846.40 159.86 -5930.00 USD Million [+]
Current Account to GDP -5.20 -5.90 2.20 -12.20 percent [+]
Imports 144614.00 154891.00 168020.00 13453.00 million KES [+]
Exports 51144.00 46447.00 59405.00 9007.00 Million KES [+]
External Debt 2721.60 2707.29 2729.48 361.73 KES Billion [+]
Capital Flows -8332.30 -4164.20 2284.20 -8332.30 USD Million [+]
Remittances 295316.98 243193.33 295316.98 25154.00 USD Thousand [+]
Gold Reserves 0.00 0.02 0.02 0.00 Tonnes [+]
Terms Of Trade 68.00 75.50 100.00 68.00 Index points [+]
Terrorism Index 6.11 6.17 6.66 2.56 [+]
Tourist Arrivals 136225.00 125323.00 171422.00 36970.00 [+]
Foreign Direct Investment 68723.00 49253.00 68723.00 871.00 KES Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Kenya Balance of Trade

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 the latest reported value for - Kenya Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-93469.50 -108443.00 -2175.00 -119463.00 1998 - 2019 Million KES Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


Related

Latest