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: 元氏县| 高尔夫| 郑州市| 滁州市| 夏河县| 宜君县| 柳州市| 石阡县| 亳州市| 宁城县| 南阳市| 朝阳区| 岳阳市| 兰州市| 新河县| 沅陵县| 赫章县| 永平县| 霸州市| 句容市| 舞钢市| 莎车县| 体育| 台南县| 铜山县| 上栗县| 项城市| 惠州市| 庆安县| 渑池县| 祥云县| 新田县| 天水市| 汉中市| 定西市| 龙泉市| 洪洞县| 汉寿县| 正定县| 景泰县| 巩留县|