Trade deficit widens on fuel, cooking oil imports surge

tankers

Trucks transporting fuel wait for their turn to be transshipped across Likoni ferry channel to mainland Likoni. FILE PHOTO | LABAN WALLOGA | NMG

Kenya’s trade deficit in the 11 months to last November widened by 20.4 percent amid a surge in fuel and cooking oil imports and a weakening shilling.

Data from the Central Bank of Kenya (CBK) show the gap between imports and exports widened to Sh1.49 trillion from Sh1.23 trillion in the corresponding period in 2021.

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