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- May 11, 2013
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Kenya’s goods trade surplus with Africa reached record levels in the first three months of the year driven by the fastest growth in exports for 12 years and a first fall in expenditure on imports in three years, official data shows.
Traders sold goods worth Sh98.85 billion to African countries in the January-March 2023 period against an import bill of Sh61.72 billion, according to provisional data collated by the Central Bank of Kenya.
Earnings from exports in the period were 23.33 percent higher than the previous year, the strongest growth since 2011, while imports fell 6.02 percent year-on-year from Sh65.67 billion in 2022.
This resulted in a merchandise trade surplus of Sh37.14 billion for the review period, a 156.45 percent climb over the same period last year.
Traders sold goods worth Sh98.85 billion to African countries in the January-March 2023 period against an import bill of Sh61.72 billion, according to provisional data collated by the Central Bank of Kenya.
Earnings from exports in the period were 23.33 percent higher than the previous year, the strongest growth since 2011, while imports fell 6.02 percent year-on-year from Sh65.67 billion in 2022.
This resulted in a merchandise trade surplus of Sh37.14 billion for the review period, a 156.45 percent climb over the same period last year.
Kenya's trade surplus with Africa hits record levels
Kenya’s goods trade surplus with Africa reached record levels in the first three months of the year.
www.businessdailyafrica.com