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). Balance of Trade in Kenya averaged -45324.24 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.

Balance of Trade in Kenya is expected to be -92500.00 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 -93900.00 in 12 months time. In the long-term, the Kenya Balance of Trade is projected to trend around -86500.00 Million KES in 2020, according to our econometric models.

Kenya Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-07-18 09:05 AM Balance of Trade May KES -108.4B KES -101.6B KES -110B
2019-08-14 01:45 PM Balance of Trade Jun KES -93.5B KES -108.4B KES -93B
2019-10-07 01:50 PM Balance of Trade Jul KES -103.4B KES -93.5B KES -92B
2019-10-07 01:50 PM Balance of Trade Aug KES -83.2B KES -103.4B KES -104B
2019-11-19 03:40 PM Balance of Trade Sep KES -83.2B KES -82B
2019-12-20 02:00 PM Balance of Trade Oct KES -100B


Kenya Trade Last Previous Highest Lowest Unit
Balance of Trade -83197.00 -103370.00 -2175.00 -119463.00 Million KES [+]
Current Account -3886.70 -3788.20 159.86 -5930.00 USD Million [+]
Current Account to GDP -5.20 -5.90 2.20 -12.20 percent [+]
Imports 132802.00 153590.00 168020.00 13453.00 million KES [+]
Exports 49604.00 50220.00 59405.00 9007.00 Million KES [+]
External Debt 3133.54 3160.06 3160.06 361.73 KES Billion [+]
Capital Flows -6775.70 -6417.50 2284.20 -8332.30 USD Million [+]
Remittances 214313.94 224487.33 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 Index points [+]
Terrorism Index 6.11 6.17 6.66 2.56 [+]
Tourist Arrivals 136225.00 125323.00 171422.00 36970.00 [+]
Foreign Direct Investment 68723.00 49253.00 68723.00 871.00 KES Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-83197.00 -103370.00 -2175.00 -119463.00 1998 - 2019 Million KES Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


Related

Latest