国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Africa  

Kenya's trade deficit worsens in 2017 as exports grow slower

Source: Xinhua   2018-02-20 23:54:57

NAIROBI, Feb. 20 (Xinhua) -- Kenya's total exports grew slower in 2017 as the value of imports surged on industrial supplies and machinery goods, widening the country's trade imbalance.

Latest economic data received Tuesday indicated that the east African nation's exports rose 3 percent last year to around 5.89 billion U.S. dollars, from 5.72 billion dollars in 2016.

On the other hand, imports accelerated 20.5 percent to stand at 17.1 billion dollars in 2017, from 14.2 billion dollars in 2016, Kenya National Bureau of Statistics (KNBS) data showed.

Kenya's main exports during the period are listed as food and beverages (coffee, tea, cut flowers and horticulture produce) and consumer goods, while imports were mainly industrial supplies (non-food), fuel and lubricants, and machinery.

The main destinations of exports were Pakistan, Britain, Netherlands and Uganda, while imports mainly came from China, India and the United Arab Emirates.

Kenya's imports have been on the rise steadily since 2014 when it started major infrastructure projects that include the standard gauge railway.

Others include the Lamu Port Project at the Coast, expansion of various local and international airports, including Jomo Kenyatta, and the rehabilitation of key roads.

In the energy sector, exploration of oil and coal is taking place in Turkana and Kitui respectively. Several electricity generation projects are also ongoing. All these projects require heavy machinery.

The oil import bill had largely remained low in 2016 but was seen rising in the second half of 2017 as prices started to rise in the global market.

Pakistan emerged as the top destination of Kenyan exports in 2017, beating Uganda, which for years was at the helm.

According to a recent World Bank report, Uganda and Tanzania are losing out as top destinations of Kenya's goods due to cheap imports in the region, mainly from Asia.

Analysts noted that Kenya's trade imbalance would continue, especially as the country loses traditional trading partners like Uganda and Tanzania.

Editor: Mu Xuequan
Related News
Home >> Africa            
Xinhuanet

Kenya's trade deficit worsens in 2017 as exports grow slower

Source: Xinhua 2018-02-20 23:54:57

NAIROBI, Feb. 20 (Xinhua) -- Kenya's total exports grew slower in 2017 as the value of imports surged on industrial supplies and machinery goods, widening the country's trade imbalance.

Latest economic data received Tuesday indicated that the east African nation's exports rose 3 percent last year to around 5.89 billion U.S. dollars, from 5.72 billion dollars in 2016.

On the other hand, imports accelerated 20.5 percent to stand at 17.1 billion dollars in 2017, from 14.2 billion dollars in 2016, Kenya National Bureau of Statistics (KNBS) data showed.

Kenya's main exports during the period are listed as food and beverages (coffee, tea, cut flowers and horticulture produce) and consumer goods, while imports were mainly industrial supplies (non-food), fuel and lubricants, and machinery.

The main destinations of exports were Pakistan, Britain, Netherlands and Uganda, while imports mainly came from China, India and the United Arab Emirates.

Kenya's imports have been on the rise steadily since 2014 when it started major infrastructure projects that include the standard gauge railway.

Others include the Lamu Port Project at the Coast, expansion of various local and international airports, including Jomo Kenyatta, and the rehabilitation of key roads.

In the energy sector, exploration of oil and coal is taking place in Turkana and Kitui respectively. Several electricity generation projects are also ongoing. All these projects require heavy machinery.

The oil import bill had largely remained low in 2016 but was seen rising in the second half of 2017 as prices started to rise in the global market.

Pakistan emerged as the top destination of Kenyan exports in 2017, beating Uganda, which for years was at the helm.

According to a recent World Bank report, Uganda and Tanzania are losing out as top destinations of Kenya's goods due to cheap imports in the region, mainly from Asia.

Analysts noted that Kenya's trade imbalance would continue, especially as the country loses traditional trading partners like Uganda and Tanzania.

[Editor: huaxia]
010020070750000000000000011105091369876141
主站蜘蛛池模板: 平远县| 广汉市| 阿拉善盟| 阳西县| 山阳县| 台中市| 谢通门县| 临洮县| 余姚市| 景洪市| 班戈县| 铜鼓县| 平昌县| 徐汇区| 襄樊市| 景洪市| 西丰县| 正阳县| 广灵县| 开鲁县| 沾化县| 栾川县| 通道| 高唐县| 鄱阳县| 海口市| 辉县市| 安庆市| 濉溪县| 临城县| 周至县| 上饶县| 灵丘县| 波密县| 鹤壁市| 轮台县| 昌邑市| 黄陵县| 襄垣县| 镇江市| 白银市|