Kenya recorded a trade deficit of 83612 Million KES in August of 2020. source: Central Bank of Kenya

Balance of Trade in Kenya averaged -47353.44 Million KES from 1998 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Balance of Trade in Kenya is expected to be -73000.00 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 -90000.00 in 12 months time. In the long-term, the Kenya Balance of Trade is projected to trend around -86500.00 Million KES in 2021 and -103000.00 Million KES in 2022, according to our econometric models.

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Kenya Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-83612.00 -86761.00 -2175.00 -119463.00 1998 - 2020 Million KES Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-24 01:30 PM May KES -61.7B KES -76.5B KES -60B
2020-09-11 12:30 PM Jun KES -73.6B KES -61.7B KES -70B
2020-09-11 12:30 PM Jul KES -86.8B KES -73.6B
2020-10-28 12:30 PM Ago KES -83.6B KES -86.8B KES -75B
2020-11-30 12:30 PM Sep KES -83.6B KES -85B
2020-12-21 12:30 PM Oct
2021-01-20 10:00 AM Nov
2021-02-19 03:00 PM Dec

News Stream
Kenya Trade Gap Unchanged YoY in January
Kenya's trade deficit remained barely unchanged at KES 102 billion in January of 2020 when compared with the same month a year ago. Exports dropped 0.3 percent to KES 53 billion, amid lower shipments of coffee (-32.5 percent); tea (-3.2 percent); horticulture goods (-0.7 percent) and chemicals (-8.4 percent). On the other hand, imports went up only 0.1 percent to KES 155 billion, as higher purchases of machinery & transport equipment (10.4 percent) and chemicals (9 percent) were partly offset by declines in those of manufactured goods (-15 percent); mineral fuels & lubricants (-16 percent) and food & live animals (-2.3 percent).
Kenya Posts Widest Trade Gap in 19 Months
Kenya's trade deficit rose to KES 113 billion in December 2019 from KES 83 billion in the same month a year ago. It was the largest monthly trade shortfall since May 2018, as imports surged 23% year-on-year to KES 155.31 billion, boosted by purchases of machinery & transport equipment (41%); manufactured goods (10%); chemicals (16%); food & live animals (29%); animals and vegetable oils & fats (41%) and crude materials (35%). Among major import partners, acquisitions grew from the UAE (136%) and India (8.7%), but declined from Saudi Arabia (-11%) and South Africa (-33%). Exports fell 2.8% to KES 43 billion, dragged down by lower shipments of coffee (-27%) and tea (-3 %), amid persistent unfavourable weather conditions. In contrast, external sales rose for horticulture products (3.2%). Among major export partners, sales shrank to Pakistan (-4.1%) while they rose to Uganda (1.5%) and the US (11.5%).
Kenya Trade Gap Widens 5.2% YoY in November
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.

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.