Kenya Trade Deficit Widens in February From a Year Earlier


In February of 2013, Kenya trade deficit widened to 69.7 billion KES from 57.9 billion KES in February of 2012, as imports rose at a faster pace than exports. Compared with the previous month, the trade deficit narrowed, mainly due to a 8.3 percent drop in trade volume.

On a month-over-month basis, the value of total exports fell by 0.9 percent in February. The quantity of coffee exported increased significantly by 41.8 percent, while the quantity of tea exported declined by 13.9 percent. Food and beverages was the main export category, with a share of 42.23 percent, while the value of non-food industrial supplies and consumer goods not elsewhere specified registered a share of 27.61 and 24.65 percent, respectively. All the other export categories such as transport equipment, machinery and fuels accounted for less than 5 percent shares. 

The value of total imports increased by 11 percent in February from the previous month, with non-food industrial supplies being the main import category with a share of 32.67 percent. Fuel and lubricants, machinery and other capital equipment and transport equipment registered shares of 23.02, 18.50 and 11.28 percent respectively. Food and beverages realized a share of 6.97 percent while consumer goods not elsewhere specified recorded a share of 5.85 percent. 
 
On a year-over-year basis, in February of 2013, the value of total exports rose by 6 percent and the value of total imports climbed 14 percent. The quantity of coffee exported increased by 7.8 percent in February from the same month last year, and the quantity of tea exported dropped by 5.5 percent. 
 
In February, India was Kenya main source of imported goods, followed by China and the United Arab Emirates. Kenyan exported goods mainly went to Egypt, Uganda and the UK.

Joana Taborda | joana.taborda@tradingeconomics.com
4/26/2013 4:07:29 PM