Kevin85ify
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- Apr 6, 2019
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Kenya's export earnings increased by 14 percent from 157.7 billion Kenyan shillings (1.48 billion U.S. dollars) in the first quarter of 2019 to 1.68 billion U.S. dollars in the first quarter of 2020, the national statistics bureau said on Tuesday.
The Kenya National Bureau Statistics (KNBS) said that Kenya's total exports to Asia surged from 383 million dollars in the first quarter of 2019 to 411 million dollars in the quarter under review.
"There were marked increases in total exports to the United Arab Emirates (24.0 percent) and China (23.9 percent)," KNBS said.
According to the statistics agency, the major contributors to the jump in exports were increases in the domestic exports of tea to the United Arab Emirates and titanium ores and concentrates to China, as well as increased re-exports of kerosene-type jet fuel to these two destinations.
It said the African continent remained Kenya's leading export destination registering an increase of 22.3 percent in the total value of exports to 623.3 million U.S. dollars during the first quarter of 2020 and accounted for 36.5 percent of the total exports.
The data agency revealed that export earnings from Rwanda, Uganda, Sudan and South Sudan jointly increased by 107.9 million U.S. dollars from the corresponding quarter of 2019 representing a 45.9% increase.
The Kenya National Bureau Statistics (KNBS) said that Kenya's total exports to Asia surged from 383 million dollars in the first quarter of 2019 to 411 million dollars in the quarter under review.
"There were marked increases in total exports to the United Arab Emirates (24.0 percent) and China (23.9 percent)," KNBS said.
According to the statistics agency, the major contributors to the jump in exports were increases in the domestic exports of tea to the United Arab Emirates and titanium ores and concentrates to China, as well as increased re-exports of kerosene-type jet fuel to these two destinations.
It said the African continent remained Kenya's leading export destination registering an increase of 22.3 percent in the total value of exports to 623.3 million U.S. dollars during the first quarter of 2020 and accounted for 36.5 percent of the total exports.
The data agency revealed that export earnings from Rwanda, Uganda, Sudan and South Sudan jointly increased by 107.9 million U.S. dollars from the corresponding quarter of 2019 representing a 45.9% increase.