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The largest share was export revenues from the African continent valued at KSh119.7 billion, constituting 44.4% of Kenya’s overall export earnings
Kenya’s export to neighbouring countries grew in the third quarter of 2023. This has pushed the country’s total exports to KSh269.4 billion, a growth of 19.6% compared to the same quarter of 2022, according to Kenya National Bureau of Statistics’s Balance of Payments Report. The largest share was export revenues from the African continent valued at KSh119.7 billion, constituting 44.4% of Kenya’s overall export earnings.
There was an increase in earnings from exports to Uganda (27.7%), Tanzania (32.1%), South Sudan (64.4%), and the Democratic Republic of Congo (78.6%). During the period, expenditure on imports declined by 1.6% compared to the same quarter of 2022.
The growth in exports was driven by increased domestic exports of cement clinkers to Uganda; lubricants and food preparations to South Sudan; wheat flour, food preparations, and preparations of organic-surface active agents to the Democratic Republic of Congo; and re-exports of kerosene-type jet fuel to Tanzania.
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The value of exports to Asia increased by 30.3% from KSh53.9 billion in the third quarter of 2022 to KSh70.2 billion in a similar quarter of 2023, largely on account of increase in domestic exports of tea to Pakistan, goat meat to United Arab Emirates and re-exports of kerosene type jet fuel to Saudi Arabia.
