Kenya's trade deficit rose to KES 108 billion in November 2019 from KES 102 billion in the same month a year ago. Imports rose 5.9 percent year-on-year to KES 159.41 billion, amid higher purchases of machinery & transport equipment (29.6 percent); manufactured goods (3.4 percent); food & live animals (8.5 percent); animals and vegetable oils & fats (4.2 percent) and crude materials (15.2 percent). Still, decreases were recorded for mineral fuels, lubricants & related (-17.9 percent) and chemicals (-1.1 percent). Meantime, exports rose 7.5 percent to KES 51.94 billion, boosted by sales of horticulture products (34.8 percent). In contrast, lower shipments were recorded for tea (-2.1 percent) and coffee (-29.1 percent), amid poor harvests due to prolonged drought. Balance of Trade in Kenya averaged -45942.21 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. source: Central Bank of Kenya

Balance of Trade in Kenya is expected to be -83000.00 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 -73000.00 in 12 months time. In the long-term, the Kenya Balance of Trade is projected to trend around -87000.00 Million KES in 2020, according to our econometric models.

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Kenya Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-107479.10 -108125.70 -2175.00 -119463.00 1998 - 2019 Million KES Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 01:50 PM Jul KES -103.4B KES -93.5B KES -92B
2019-11-28 11:40 AM Sep KES -78.6B KES -83.2B KES -82B
2019-12-20 01:00 PM Oct KES -108B KES -78.6B KES -99B
2020-01-20 10:00 AM Nov KES -108B KES -108B KES -103B
2020-02-28 09:15 AM Dec KES -108B KES -100B

News Stream
Kenya Posts Smallest Trade Gap in 6 Months
Kenya's trade deficit shrank to KES 78.6 billion in September 2019 from KES 83 billion in the same month a year ago. This was the smallest monthly trade gap since March, as imports fell 3.8 percent to KES 124.9 billion, pushed down by machinery & transport equipment (-9.1%); manufactured goods (-12.4%) and chemicals (-29.8%). In contrast, purchases grew mostly for food & live animals (38.4%) and mineral fuels, lubricants (24.8%). Among main trade partners, imports went down from India (-48.5%) and Japan (-41.3%), while advanced from the UAE (17%); Saudi Arabia (121.5%) and South Africa (20.8%). Meantime, exports decreased at a softer 0.9 percent to KES 46.3 billion, the least in 6 months, on lower shipments of tea (-18.8%); horticultural products (-14.5%) and chemicals (-5.4%). Among main trade partners, exports fell to Pakistan (-27.8%); the Netherlands (-19.2%) and the UK (-13%), but rose to Uganda (14.8%) and the US (27.2%).

Kenya Posts Smallest Trade Gap in 5 Months
Kenya's trade deficit decreased to KES 23.2 billion in August 2019 from KES 98.3 billion in the same month of the previous year. This is the smallest monthly trade deficit since March, as imports tumbled 11.4 percent to KES 132.8 billion, mainly dragged down by machinery & transport equipment (-14.1 percent); manufactured goods (-9.6 percent); mineral fuels, lubricants (-35.4 percent) and chemicals (-8.9 percent). In contrast, purchases increased for food & live animals (25.3 percent) and crude materials inedible except fuels (4.7 percent). Meantime, exports fell at a softer 2.7 percent to KES 49.6 billion, amid lower shipments of tea (-4.7 percent); chemicals (-12.7 percent); coffee (-5 percent) and fish (-16.1 percent). Conversely, overseas sales grew considerably for petroleum (641.5 percent) and horticultural products (14 percent).

Kenya Trade Gap Widens Slightly in June
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).

Kenya Trade Gap Shrinks in May
Kenya’s trade deficit narrowed to KES 108.4 billion in May of 2019 from KES 112.7 billion in the corresponding month of the previous year. Exports slumped 16 percent to KES 0.464 billion and imports fell 7.8 percent to KES 154.9 billion.

Kenya Trade Gap Widens in April
Kenya's trade deficit rose to KES 101.6 billion in April 2019 from KES 100 billion in the same month a year ago. Exports advanced only 0.5 percent to KES 43.4 million, as higher sales of chemicals (6.4 percent), fish (54.9 percent) and petroleum (87 percent) were offset by declines in those of vegetables (-0.2 percent); tea (-12.2 percent); coffee (-13.4 percent) and cement (-83.5 percent). The country's overall crop output has been hit by prolonged drought conditions, causing substantial delays in planting operations. Imports increased 0.2 percent to KES 150.4 billion, boosted by food & live animals (9.3 percent); mineral fuels (18.2 percent); crude materials (38 percent) and beverages & tobacco (18.3 percent). In contrast, purchases fell for chemicals (-14.2 percent); machinery & transport equipment (-9.9 percent) and manufactured goods (-0.4 percent).

Kenya Trade Gap Narrows in March
Kenya's trade deficit shrank to KES 72.2 billion in March 2019 from KES 101 billion in the same month a year ago. Exports rose 3.3% to KES 52.7 million, amid higher sales of coffee (0.9%); cut-flowers (5%) and machinery & equipment (151.9%). In contrast, those of tea (-5.4%); fruits (-15.4%); vegetables (-12.9%); fuels & lubricants (-39%); industrial supplies (-1.9%) declined. Shipments went up mostly to the US (8%); the UK (13.5%); Tanzania (9.5%) and Egypt (46.8%). Imports tumbled 17.8 percent to KES 124.9 billion, on lower purchases of industrial supplies (-11.5%); fuels & lubricants (-29.1%); machinery and equipment (-2.5%); food & beverages (-8.8%) and transport equipment (-30%). Imports fell mostly from the UAE (-64.7%); China (-49%); South Africa (-12.8%) and India (-4.5%).

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.

Kenya Trade Last Previous Highest Lowest Unit
Balance of Trade -107479.10 -108125.70 -2175.00 -119463.00 Million KES [+]
Current Account -3754.60 -3703.60 159.86 -5930.00 USD Million [+]
Current Account to GDP -5.20 -5.90 2.20 -12.20 percent [+]
Imports 159414.30 159219.80 168020.00 13453.00 million KES [+]
Exports 51935.20 51094.10 59405.00 9007.00 Million KES [+]
External Debt 3111.77 3133.54 3160.06 361.73 KES Billion [+]
Capital Flows -7041.30 -9259.60 2284.20 -9259.60 USD Million [+]
Remittances 218844.75 224297.19 295316.98 25154.00 USD Thousand [+]
Gold Reserves 0.00 0.00 0.02 0.00 Tonnes [+]
Terms Of Trade 68.00 75.50 100.00 68.00 points [+]
Terrorism Index 5.76 6.11 6.66 2.56 [+]
Tourist Arrivals 132019.00 121070.00 158514.00 36970.00 [+]
Foreign Direct Investment 164708.40 131885.50 164708.40 871.00 KES Million [+]