Export-import gap narrows first time since Covid-19

STAFFEAMXI

Packing flowers in cartons for export. Kenya is the world's fourth biggest flower exporter. FILE PHOTO | BBC

Kenya’s goods trade deficit for the first quarter of the year narrowed marginally for the first time since the pandemic on reduced expenditure on capital goods at a time the government slowed investment in infrastructure projects.

The deficit – the gap between merchandise exports and imports – dropped to Sh364.7 billion in the January-March 2023 period compared with Sh384.21 billion, provisional official data shows.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.