Kenya’s exports declined 2.2 percent in 2023 despite a weaker shilling, which increases the earnings of exporters when they convert their income into local currency.
The Central Bank of Kenya (CBK) did not give a figure for the export earnings in 2023, but the country exported goods worth Sh779.6 billion in 2022, indicating that last year’s export earnings reduced to about Sh762. 4 billion. The CBK data shows that exports across most categories dropped during the year, reversing the 9.3 percent rise in export earnings recorded in 2022.
