Washington bought goods worth nearly Sh14.23 billion in the July-September 2018 period, data by the Kenya National Bureau of Statistics (KNBS) shows.
The value of exports to the US, largely textile and apparels, in the review period was Sh1.12 billion higher than a similar period a year earlier.
The export earnings from the world’s largest economy were also higher than Sh12.46 billion in the second quarter of 2018 and Sh9.26 billion in the January-March period.
Kenya’s exports to the US hit a fresh record in the three months ended September 2018 after Washington and Nairobi signed trade deals late June, data collected by the statistics office shows.
Washington bought goods worth nearly Sh14.23 billion in the July-September 2018 period, data by the Kenya National Bureau of Statistics (KNBS) showed last week, overhauling Pakistan to become the second largest buyer of Kenya’s goods.
The value of exports to the US, largely textile and apparels, in the review period was Sh1.12 billion higher than a similar period a year earlier.
The export earnings from the world’s largest economy were also higher than Sh12.46 billion in the second quarter of 2018 and Sh9.26 billion in the January-March period.
President Donald Trump’s administration has been warming up to Nairobi since mid-last year when Washington sent in two high-powered delegations on trade and security for bilateral talks with authorities in Nairobi.
The US Presidential Advisory Council on Doing Business in Africa (PAC-DBIA) – a think-tank that advises Mr Trump through his Commerce secretary Wilbur Ross – was in Nairobi from June 27-29.
The meeting culminated in signing of a memorandum of understanding (MoU), which set out a framework where Kenya and US authorities will be assessing investment opportunities.
US Under-Secretary for Commerce Gil Kaplan, who led the delegation of about 60 business executives, said American firms were keen on cutting deals with Nairobi under the ambitious “Big Four” plan with initial deals worth nearly Sh10 billion being inked. “Kenya is a wonderful partner for further trade, development and commercial relations,” Mr Kaplan said during the signing of the MoU.
“We have been incredibly impressed by the sophistication and the thoroughness that they have looked at the problems that they are facing.” Land-locked Uganda remained the biggest buyer of Kenyan goods in the review period with an order bill of Sh15.09 billion.
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