Which country does Kenya trade with the most?

Which country does Kenya trade with the most?

Kenya top 5 Export and Import partners

Who is Kenya’s largest trading partner?

China
China is squarely Kenya’s biggest trading partner, accounting for 17.2 per cent of Kenya’s total trade.

What is Kenya’s largest export?

Exports The top exports of Kenya are Tea ($1.2B), Cut Flowers ($596M), Refined Petroleum ($308M), Gold ($262M), and Coffee ($229M), exporting mostly to Uganda ($940M), Pakistan ($515M), Netherlands ($503M), United States ($496M), and United Kingdom ($435M).

What is Kenya’s main trade?

The country’s major agricultural exports are tea, coffee, cut flowers, and vegetables. Kenya is the world’s leading exporter of black tea and cut flowers. Kenya’s high rainfall areas constitute about 10% of Kenya’s arable land and produce 70% of its national commercial agricultural output.

Does Kenya import or export more?

GDP of Kenya is 95,503,088,538.09 in current US$. Kenya services export is 5,619,855,538.55 in BoP, current US$ and services import is 3,854,789,279.84 in Bop, current US$. Kenya exports of goods and services as percentage of GDP is 12.03% and imports of goods and services as percentage of GDP is 21.37%.

Is Kenya a trade surplus or deficit?

A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2020, Kenya’s trade deficit amounted to around 9.4 billion U.S. dollars.

How Kenya benefits from international trade?

International trade will provide markets for Kenyan products, enlarge Kenya’s consumption and production capabilities. The manufacturing sector will expand and augment rewards to sectors in which Kenya enjoys comparative advantage over its trading partners.

What does Kenya import the most?

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.

How much does Kenya export?

Overall Exports and Imports for Kenya 2019 The total value of exports (FOB) is US$ 5,836 million. The total value of imports (CIF) is US$ 17,210 million. At the HS6 digit level, 3,242 products are exported to 179 countries and 4,015 products are imported from 177 countries.

Why is Kenya important to the US?

Kenya enjoys preferential trade benefits under the African Growth and Opportunity Act. U.S. imports from Kenya include apparel, coffee, and tea. U.S. business investment is primarily in services, information technology, and the tourism industry.

What are Kenya’s top 4 industries?

Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, coming behind Nigeria and South Africa….

• Agriculture: 34.5%
• Industry: 17.8%
• Services: 47.5%
• (2017 est.)

Is Kenya doing well economically?

From 2015 to 2019, Kenya’s economy achieved broad-based growth averaging 4.7% per year, significantly reducing poverty (which fell to an estimated 34.4% at the $1.9/day line in 2019).