Kenya’s trade deficit last year narrowed by 16.97 per cent, or Sh204.57 billion, helped by a double-digit drop in imports amid disruptions in global supply chains as a result of Covid-19 shutdowns and restrictions.
The deficit – the gap between imports and exports – dipped to Sh1.001 trillion in 2020 from nearly Sh1.21 trillion in 2019, provisional statistics published by the Kenya National Bureau of Statistics (KNBS) show.
