Kenya’s trade deficit crosses Sh1trn mark as imports soar

Industrialisation and Trade Cabinet secretary Betty Maina. PHOTO | DENNIS ONSONGO | NMG

Kenya’s trade deficit hit Sh1.11 trillion in the 10 months to October on the back of higher industrial goods, fuel and government imports.

Data by the Central Bank of Kenya (CBK) shows the gap between merchandise imports and exports widened by 37.7 percent from Sh807.01 billion in a similar period last year when low fuel prices and reduced demand for consumer goods kept a lid on imports.

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