Kenya sees double-digit increase in external trade|News Ghana

Nigerian traders
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Kenya’s external trade increased 24.4 percent in the very first half of the year compared to a comparable duration in 2020 enhanced by increased normalization of international commerce as nations increase COVID-19 vaccinations, the nationwide stats bureau in a report launched Friday.

The trade increased from 109 billion shillings (about 995 million U.S. dollars) in the very first half of 2020 to 1.24 billion dollars throughout January-June duration of this year, the Kenya National Bureau of Statistics (KNBS) stated.

Of the trade, imports stood at 905 million dollars, up from 709 million dollars in the very first half of 2020 as the nation heightened delivery of oil and equipment for facilities advancement.

Exports, on the other hand, likewise increased in the very first half to stand at 337 million dollars as international trade opened.

Kenya’s primary exports are tea, coffee, and veggies, while imports include equipment, transportation devices, oil, iron, steel, resins and plastics. Enditem

Kenya sees double-digit increase in external trade|News Ghana.