Imports and Exports Data of Kenya: A Comprehensive Overview

Kenya, a vibrant economy in East Africa, has made significant strides in global trade. In this blog post, we will delve into the import and export activities of Kenya, highlighting key products, trade partners, and the country’s economic position in the global market.

Overview:

As of 2021, Kenya ranked 59th in the world in terms of GDP, showcasing its economic significance. The nation has demonstrated steady growth and resilience, making it an attractive destination for trade and investment. With a population of over 50 million and a strategic location as a gateway to East Africa, Kenya offers a promising market for businesses.

In addition to its GDP ranking, Kenya stood at 109th in total exports, reflecting its active participation in international trade. The country’s total imports ranked at 81st, indicating its reliance on imported goods to meet domestic demand and fuel economic activities. Furthermore, with a GDP per capita ranking of 142nd, Kenya showcases a growing consumer base and potential market for various industries.

The Economic Complexity Index (ECI) ranks Kenya as the 83rd most complex economy. This index considers the diversity and sophistication of a country’s export portfolio, indicating Kenya’s potential for producing and exporting a wide range of goods. The ranking suggests that Kenya has the capability to expand its export base and tap into new markets.

Exports:

Kenya boasts a diverse range of exports that contribute significantly to its economy. The top exports include:

1. Tea: Kenya is renowned for its high-quality tea production, making it a leading global exporter. With a value of $1.2 billion, tea is a crucial export commodity for Kenya. The favorable climate and fertile soil enable the country to produce tea of exceptional quality.
2. Cut Flowers: Kenya’s favorable climate and skilled workforce have propelled it to become a major player in the global flower market. Cut flowers, with an export value of $766 million, are in high demand due to their quality and freshness.
3. Coffee: Coffee holds a prominent place in Kenya’s export portfolio. With an export value of $262 million, Kenya’s coffee is celebrated for its unique flavor profiles and specialty varieties.
4. Refined Petroleum: Kenya imports crude oil and refines it domestically, making refined petroleum a significant export. With an export value of $247 million, Kenya contributes to regional energy demands.
5. Titanium Ore: Kenya possesses rich mineral resources, and titanium ore stands out as a valuable export commodity. With an export value of $194 million, the country benefits from its titanium deposits.

Kenya’s major export destinations include Uganda ($831M), Netherlands ($576M), United States ($566M), Pakistan ($487M) and the United Kingdom ($465M). These countries are crucial to Kenya’s ability to maintain its export market and grow its economy.

Imports:

Kenya’s imports play a vital role in meeting domestic demands and supporting various industries. According to Kenya import data the top imports include:

1. Refined Petroleum: With an import value of $3.53 billion, Kenya relies heavily on imported refined petroleum products to meet its energy needs.
2. Palm Oil: Palm oil, valued at $1.26 billion, is a key import for Kenya, serving as a vital ingredient in various industries, including food processing.
3. Packaged Medicaments: The import value of packaged medicaments stands at $554 million, highlighting Kenya’s reliance on imported pharmaceutical products to meet healthcare demands.
4. Cars: Kenya’s growing middle class and increased motorization have fueled the demand for imported cars. The import value for cars amounts to $549 million.
5. Hot-Rolled Iron: Kenya’s infrastructure development and construction activities contribute to the import of hot-rolled iron, with a value of $508 million.

Kenya’s major importers, including China with $5.81 billion, India with $2.55 billion, the United Arab Emirates with $1.81 billion, Saudi Arabia with $1.09 billion and Malaysia with $1.05 billion, hold significant significance in providing Kenya’s economy with vital goods, raw materials and machinery. 

These nations play a crucial role in supporting Kenya’s economic activities by fulfilling its diverse import requirements.

Conclusion:

For businesses seeking to navigate the dynamic landscape of Kenya’s import and export sector, having access to comprehensive and up-to-date custom import export data is essential. Import Globals offers an invaluable resource with its in-depth database of import and export information. 

By leveraging Import Globals, businesses can gain valuable insights, identify emerging trends, and make informed decisions to maximize their trade potential in the Kenyan market.