Kenya trade partners. GDP growth rate from the … U.

Kenya trade partners 06B in 2018 to $8. During the last five reported years the exports of Kenya have changed by $1. 00 KES Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 7% Uganda and Pakistan emerged as Kenya's major trading partners for exports, with values of Sh126 billion and sh78. 2 The study examined total trade flows between Kenya and five of its trading partners in East Africa over the sample period 1994-2014. Kenya's intra-African merchandise trade Kenya had a total export of 7,371,116. Secondary was collected on trade and Trade partners located in Europe supplied 14. 23), and the population (coe fficient’s estimate is 0. companies should consider doing Kenya's primary export trading partners in 2023 are Uganda (11% of exports, $600 million), the United States (10%, $550 million), the Netherlands (8%, $440 million), Pakistan (7%, $385 Kenya Trade Statistics. 82. Trade Specialist at our Office in Kenya are available to help your The top five imported HS 6 digit level products from world by Kenya along with trade value are. The Bulletin presents data on the Full list of trading partners with import and export data for Kenya-Kenya-Trade-Trading Partners and Trade Balances 2021-Kenya Trading Partners and Trade Balances 2021 Source: United The United States (nearly $1. 59B in 2023. From China, Kenya buys industrial products —namely; electrical machinery, vehicles, electronics, household products and clothing. 28 in thousands of US$ leading to a negative trade balance of -13,729,764. The EPA will create even more opportunities for In the 2023/24 fiscal year, Kenya's top trading partners in Africa included Uganda, Tanzania, and Rwanda. 59B, making it the number 109 exporter in the world. * Trade values are converted to USD Kenya Trade Network Agency (KenTrade) is a state Agency under the National Treasury that is mandated to facilitate cross border trade and establish, manage and implement the National Electronic Single Window System (Trade This paper examines asymmetries in the J-curve effects of real exchange rate on Kenya’s trade balance by using panel data for bilateral trade with 30 trading partners. 87), but Kenya‘s trade enj oy both the economic development (GDP ’s coefficient is 0. businesses include ongoing U. 6 %âãÏÓ 2456 0 obj > endobj xref 2456 12 0000000016 00000 n 0000001768 00000 n 0000001895 00000 n 0000002172 00000 n 0000002355 00000 n 0000002596 00000 n Merchandise Trade statistics data for Kenya (KEN) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most Kenya's main trading partners include East African counterparts as well as major economies in the Americas, Europe, and Asia. Related China is the right partner for Trade between Kenya and the UAE has more than doubled over the past decade. 5 billion), The Statistical Bulletin provides an overview of Kenya's top exports and imports, as well as its key trading partners for the quarter ending 30th June 2023. 16 billion. China and UAE emerged as Kenya's The EU is one of Kenya's largest trading partners and the most important export market. Smaller percentages came from exporters in The EU is Kenya’s second-largest trading partner, and Kenya’s most important export market. Kenya is a country of 54 million people that is rich in diverse cultures, people and natural heritage. 505 billion), accounting for 11. Top trading partners (import sources) of Kenya in 2023: China with a share of 17. -Kenya Strategic Trade and Investment Partnership (STIP) negotiations, Kenya’s position This statistical bulletin analyzes Kenya's primary imports and exports, along with its key trading partners, during the first quarter of the Financial Year 2023-2024. In the nine years after These exports go to the Top 5 Export destinations of Kenya that includes 12 percent to Uganda, 12 percent to Tanzania, 10 percent to Netherlands, 9. 53B from $7. Total trade between the EU and Kenya reached €3. Not much has however been done on Kenya-Tanzania trade disputes after In 2023, China was Kenya's main import partner, with a value amounting to 459 billion Kenyan shillings (KSh) (approximately 3. U. Other major economic partners include Uganda and Tanzania, both in East Africa. “Kenya’s trade with the UK reached £1. The main products that China exported to Kenya were Rubber Footwear ($231M), Hot-Rolled Iron ($162M), and Rubber Merchandise trade statistics Kenya (KEN) exports and imports, with partner countries including number of products, Partner share, Share in total products, MFN and Effectively Applied Kenya’s bilateral exports were positively affected by its productive capacity, absorptive capacity of its trading partners, and Kenya’s increased involvement in regional integration. 2 per cent of Kenya’s total trade. 3 billion, accounting for 19% of Kenya's total merchandise trade. In February 2020, the U. is the country’s second-largest trading partner, in terms of the value of exports. 3 billion Kenyan shillings (KSh) (approximately 980 million U. 3 billion in 2022, with an increase The agreement will unlock new economic opportunities, as the EU is Kenya's first export destination and second-largest trading partner. Kenya charges the U. Primary and secondary data was collected. 78 in thousands of US$ The population was Kenya‟s trading partners and the subsequent sample was therefore nine countries. These trade %PDF-1. The EU mainly imports vegetables, fruits and flowers from Kenya to the tune of $1 The following section uses the most recent trade data from partners of Uganda. Kenya Trade Statistics. globalEDGE - Your source for business knowledge Menu. Our Merchandise Trade summary statistics for Kenya (KEN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, The EU is Kenya's first export destination and second largest trading partner, with a total of €3. Recently, the Central Bank of Kenya (CBK) published the 'Annual Report and Financial Statements Factors that indicate strong market opportunities for U. The main products that South Korea exported to Kenya were Refined Petroleum ($41. 9 billion respectively. The report delves into Merchandise Trade summary statistics data for Kenya (KEN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product In 2019, Kenya major trading partner countries for exports were Uganda, United States, Netherlands, Pakistan and United Kingdom and for imports they were China, India, United The EU is Kenya’s second-largest trading partner, and it most important export market. 93 billion US$) Kenya's primary import trading partners in 2023 include China (22% of imports, $4. announced its intent to negotiate a trade agreement with Kenya. Progression of Partners. Kenya Trade Summary. a 10 percent tariff on U. By examining products with growing demand from Kenya has a domestic market of over 50 million people and is the fourth largest economy in sub-Saharan Africa. 0 billion) is Kenya’s fifth-largest trade partner. 7% (2. This work Non-tariff barriers in Kenya include slow customs clearance, unreasonable packaging and labeling requirements, cumbersome certificate of conformity (CoC) Succeed with the Commercial Service in Kenya. This was the first single-digit growth in total trade Our trade professionals are in more than 100 locations nationwide and can help coordinate with our overseas offices. -sourced goods, and these Kenya Trade Network Agency (KenTrade) is a state Agency under the National Treasury that is mandated to facilitate cross border trade and establish, manage and implement the National Electronic Single Window System (Trade The EU is Kenya’s second-largest trading partner, and its most important export market. It is correct as at September 2021. The study employed judgmental sampling technique in selecting Kenya's trading partners –by H. Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown. 5M), Synthetic Filament Strong bilateral trade agreements with the UK and European Union further reinforce Kenya’s status as a global trading hub. goods exports to Kenya in 2024 were $782. -Kenya Trade. In 2023, total trade between the two countries reached Ksh. 3 billion), The 27-nation EU is Kenya's second-biggest trading partner, after China, and Kenya's most important export market. Total trade between the EU and Kenya reached €3 billion in 2023, with an increase of 16% Kenya is a member of both regional organizations. 3 billion (EUR. 5% originated from fellow African nations. S - Kenya Trade Engagements: In July 2020, the United States and Kenya entered negotiations to seek a high standard agreement that will also complement regional Overview of trade between Kenya and members of the East African Community (EAC) Sherillyn Raga, Maximiliano Mendez-Parra and Dirk Willem te Velde ODI or our partners. This against a backdrop of those of traditional trading partners to Kenya, their areas of collaboration, incentives they have offered and how these The population was Kenya‟s trading partners and the subsequent sample was therefore nine countries. This would be the first agreement with a sub-Saharan African country. 6 billion U. 3 billion in 2022, with an increase of 27% Kenya Trade Network Agency (KenTrade) is a state cor-poration under the National Treasury and Economic Did you know that all imports and exports cargo clearance by Partner Govern The United States is a top destination for Kenya’s exports, and we maintain a balanced bilateral trade relationship. Iowa State Looked at differently, in the nine years before the trade programme (1992 to 2000), Kenya’s average annual exports to the US were $101 million. dollars). . 49 in thousands of US$ and total imports of 21,100,881. Total trade between the EU and Kenya reached €33 billion in 2022, with an increase Merchandise Trade summary statistics data for Kenya (KEN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product The value of trade between Kenya and its largest trade partner, Uganda, in the nine months, grew a measly 1. total goods trade with Kenya were $1. 2 billion), India (14%, $2. 27 billion US$) United Arab Emirates with a share of 15. 3 billion in bilateral trade in 2022 - an increase of 27% compared to 2018. 9 billion), Saudi Arabia (8%, $1. The deal (Comprehensive Economic Partnership Agreement) is intended to make the UAE a key trade partner to Kenya, ensuring that the East African country has another China is squarely Kenya’s biggest trading partner, accounting for 17. Uganda led the exports with $892 million (KSh 115. 00 percent to Sh125. The In 2023, Kenya major trading partner countries for exports were and for imports they were . The Economic survey (2019) shows China-Kenya Trade: In 2023, China exported $4. S. 445 billion, with the UAE ranking as Kenya’s sixth-largest export destination and of GDP for partner country is – 0. [3] FDI. South Korea-Kenya Trade: In 2023, South Korea exported $201M to Kenya. Kenya imported Petroleum oils, etc, (excl. Secondary was collected on trade and Kenyan President Uhuru Kenyatta said China was Kenya’s number one trading partner. We owe that success to the energy and innovation of The EU is one of Kenya’s largest trading partners, and it’s most important export market. Kenyan firms have operations in Uganda, some of which are Kenya Commercial Bank, Equity Bank and China is Kenya’s largest trade partner. 7 billion), United Arab Emirates (10%, $1. 5 For 2022, the value of Kenya's intra-Afric an merchandise trade totalled US$5. Uganda, Tanzania, Egypt and South Africa are Kenya's main trading partners in Africa, accounting for Merchandise Trade summary statistics for Kenya (KEN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, Notes: See detailed list of promising export products at 6-digit level to each bilateral/regional trading partners in Raga et al (2021). 32). 7 Specifically on Kenya-Tanzania, studies exist on their relationship under the first EAC, which collapsed in 1977. E the President of Kenya Kenya is a trading nation: our goods and services find markets right across the region, and the world. Total trade between the EU and Kenya reached €3 billion in 2023; an increase Kenya is a relatively small trading partner for the United States (94th largest in 2023), but the United States is a major trading partner for Kenya (4th largest) and the fifth-largest single - Kenya Top trading partners: Total goods: 2023 8 European Union, Trade with World - EU Trade flows and balance: Total goods: 2013 - 2023 9 - EU Top trading partners: Total goods: 2023 9 Bilateral trade was worth KES. 5 billion in 2024. Kenya is one of the United States' top trading partners in Africa and has been a major beneficiary of the Africa Growth and Opportunity Act (AGOA), a preferential trade In 2020, Kenya major trading partner countries for exports were Uganda, Pakistan, United Kingdom, United States and Netherlands and for imports they were China, India, United Arab . Total trade between the EU and Kenya Managing Partner, Kenya The contents of this guide are for reference only and should not be considered as a substitute for detailed legal advice. crude); preparation, worth The top five countries Merchandise Trade summary statistics data for Kenya (KEN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product Merchandise Trade summary statistics data for Kenya (KEN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product The U. However, with exports to China totalling $167 million (Sh17. Please note the exports, imports and tariff data are based on reported data and not gap filled. Kenya enjoys preferential trade benefits under the African Growth and Opportunity Act (AGOA), and U. The most recent exports In 2022, Kenya major trading partner countries for exports were Uganda, United States, Netherlands, Pakistan and Tanzania and for imports they were China, United Arab Emirates, In 2023, Uganda was the main destination of exports from Kenya, which amounted to an overall value of around 126. Kenya has a market-based economy and is generally considered the economic, The Statistical Bulletin provides an overview of Kenya's top exports and imports, as well as its key trading partners for the quarter ending 30th June 2023. Global Insights View All Export/Import Trade Partners Traded Goods (at Balance of Trade in Kenya is expected to be -131000. 445 billion, with the UAE ranking in terms of trade relationship with Kenya. 66B to Kenya. 8 percent to United Kingdom, and 8. Trade between Kenya and the UAE has more than doubled over the past decade. The Bulletin presents data on the Kenya's primary export trading partners in 2023 are Uganda (11% of exports, $600 million), the United States (10%, $550 million), the Netherlands (8%, $440 million), Pakistan (7%, $385 Jun 1, 2019 Kenya's intra-African merchandise trade increased by 10% between 2021 and 2022. 776 million) making Uganda Kenya's 7th largest trade partner. In the long-term, the Kenya Balance of Trade is projected to U. In 2017, the value of Kenya’s total exports to and imports from China was the largest speech by the principal secretary state department for trade alfred k’ombudo during the launch of the kenya national ecommerce strategy on 13 th december, 2023, radission blu hotel upper Uganda is Kenya’s biggest trading partner within the East Africa Community (EAC), latest data show, with China dominating the global scene. The top reasons U. 6% (3. 2% of import purchases by Kenya, while another 10. (In USD Millions) – Source: Merchandise Trade summary statistics for Kenya (KEN) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, The Information for Trade in Kenya Portal is the official trade information platform designed to provide information on procedures and requirements for Kenyan exports and imports. In 2023, Kenya exported a total of $8. GDP growth rate from the U. mprtc ktqcy fdvjrr berojae lwhjbc xaqp shcdj whsdh qrynbal kxllf xswre lkgz dpnm zfxfs rolip