Kenya’s trade deficit up 38pc to Sh988bn

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Central Bank of Kenya. FILE PHOTO | NMG

Kenya’s trade deficit for nine months to September widened 38.57 due to a growing appetite for foreign manufactured goods, fuel and the soaring cost of imports following Covid-19 related supply chain disruptions.

Trade data collated by the Kenya National Bureau of Statistics (KNBS) shows the gap between merchandise imports and exports climbed to Sh988.51 billion in the review period from Sh713.37 billion in the same period a year ago.

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