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Kenya’s trade deficit narrows to four-year-low
A Fuel Vessel MV Norddolphin 250m Long loaded with 85000 tonnes of Petrol from UAE offloading the precious commodity at the new Kipevu Oil Terminal in Mombasa in this photo taken on April 13, 2023.
Kenya’s goods trade deficit in goods narrowed to the lowest levels in four years, partly during the first quarter of the year helped by reduced expenditure on fuel imports, data from the Kenya National Bureau of Statistics(KNBS) shows.
The deficit – the gap between merchandise exports and imports – shrank a marginal 2.63 percent to Sh372.12 billion in the January-March period from Sh382.18 billion a year earlier.
