Trade deficits widens on fuel, manufactured goods imports

cargo-ship

A cargo ship arrives at the Mombasa port. FILE PHOTO | NMG

Kenya’s trade deficit widened by 13.49 per cent in the first two months of the year, largely on increased expenditure on manufactured materials and fuel imports.

The trade deficit — the gap between imports and exports — increased to Sh198.64 billion from Sh175.03 billion a year ago amid reduced disruptions in global supply chains and increased cost of shipping in fuel.

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