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    Business

    Exports From Kenya Boost By 20 Billion Kenyan Shillings During Pandemic

    TobeyBy TobeyOctober 20, 2020Updated:February 5, 2022No Comments2 Mins Read
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    Image From Sidoman. www.sidoman.com
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    According to data from the Kenya National Bureau of Statistics the value of exports from the East African nation of Kenya, increased by 20 billion Kenyan Shillings to an impressive 423.3 billion Kenyan Shillings despite the ongoing Coronavirus pandemic, making it larger than the amount achieved during the same period in 2019.

    Image From Sidoman. www.sidoman.com

    Beverages and foods like coffee, tea, vegetables and fruits were the products that were exported the most, with industrial exports that were not food, constituting a smaller portion of the nation’s exports.

    The destinations which were the major export markets for Kenyan goods in no particular order were Rwanda, United Kingdom, Pakistan, Netherlands, and Uganda.

    Image From Sidoman. www.sidoman.com

    In the first eight months of 2020 the imports into Kenya, dropped by 10 percent to 1.053 trillion Kenya Shillings. This is a significant drop especially when compared to the 1.18 trillion Kenyan Shillings spent on imports during the same period in 2019.

    Industrial supplies which were not food, were the major goods imported, with beverages and food constituting the smallest portion of the overall imports into Kenya.

    The drop in the value of imports into Kenya is being seen as a direct result and effect of the still ongoing Coronavirus pandemic.

    Image From ChiniMandi. www.chinimandi.com

    During the eight month period under review India and China were the top importers into Kenya. China alone from January to August 2020, brought in goods worth 227 billion Kenyan Shillings, a figure significantly lesser than the 232 billion Kenyan Shillings worth of imports achieved during January to August 2019.

    Are there any other topics, news or categories that you would like us to write on? Feel free to reach out to Mpesa Pay in the comment section.

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