Kenya Balance of TradeMay 2023 Data - 1998-2022 Historical - June Forecast

Name: Kenya Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Kenya,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Kenya recorded a trade deficit of 134688 Million KES in March of 2023. source: Kenya National Bureau of Statistics

Balance of Trade in Kenya averaged -54958.00 Million KES from 1998 until 2023, reaching an all time high of -2175.00 Million KES in June of 1999 and a record low of -168002.00 Million KES in August of 2022. 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 June of 2023.

Balance of Trade in Kenya is expected to be -141500.00 Million KES by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Balance of Trade is projected to trend around -113400.00 Million KES in 2024 and -120000.00 Million KES in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-134688.00	-107930.00	Million KES	Mar 2023
Current Account	-5640.90	-5634.70	USD Million	Mar 2023
Current Account to GDP	-4.90	-5.40	percent of GDP	Dec 2022
Imports	216426.00	184581.00	million KES	Mar 2023
Exports	81738.00	76651.00	Million KES	Mar 2023
External Debt	4851.09	4709.72	KES Billion	Mar 2023
Capital Flows	-3950.90	-4054.00	USD Million	Mar 2023
Remittances	356980.47	309172.70	USD Thousand	Mar 2023
Foreign Direct Investment	46390.00	50801.00	KES Million	Dec 2022

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.