Kenya trading with the U.S. Statistics

At current market exchange rates, the GDP of Kenya was expected to be $98.6 billion in 2019, real GDP increased by an estimated 5.6%, and there were 49 million people living there. (IMF source)

With $1.1 billion in total (two-way) goods commerce in 2019, Kenya is now our 96th largest trading partner. $401 million worth of products were exported and $667 million worth of goods were imported. In 2019, the United States’ goods trade deficit with Kenya was $266 million.

Exports

In 2019, Kenya was the 109th-largest export market for commodities from the United States.

US exports of commodities to Kenya in 2019 was $401 million, up 36 million dollars from the previous year but down 38.6% from 2009.

The top two-digit HS export categories in 2019 were machinery ($41 million), plastics ($58 million), and aeroplanes ($59 million). 

Cereals ($30 million), special other (returns or repairs) ($29 million), and cereals (wheat).

2019 saw $53 million in total agricultural exports from the US to Kenya. Wheat ($27 million), vegetable oils (ex. soybean) ($7 million), pulses ($5 million), coarse grains (ex. corn) ($3 million), and planting seeds ($2 million) are the top domestic export commodities.

Imports

In 2019, Kenya was the 86th-largest importer of commodities into the United States.

Imports of commodities from Kenya into the United States reached $667 million in 2019, an increase of 3.7% ($24 million) from 2018 and 137.7% from 2009.

Woven clothes ($286 million), knit apparel ($168 million), edible fruit & nuts (macadamia nuts) ($55 million), ores, slag, and ash (titanium) ($52 million), and coffee, tea & spice (coffee) ($41 million) were the top import categories (2-digit HS) in 2019.

In 2019, the U.S. imported $126 million worth of agricultural products from Kenya. Tree nuts ($55 million), unroasted coffee ($34 million), herbal tea ($11 million), essential oils ($10 million), and other vegetable oils ($6 million) are among the top categories.

Market Balance

In 2019, the U.S. goods trade deficit with Kenya was $266 million, down $12 million or 4.4% from the previous year.

Why is commerce significant to Kenya?

Additionally, trade generates employment possibilities in the informal, retail, and wholesale trade sub-sectors, which helps to reduce poverty by enabling many unemployed women, young people, and members of vulnerable groups to make a living.

The top three imported goods into Kenya are:

Kenya imports the most from China ($4.86B), India ($1.95B), the United Arab Emirates ($1.34B), Japan ($755M), and Saudi Arabia ($632M), with the top five imports being refined petroleum ($2.13B), palm oil ($671M), broadcasting equipment ($521M), packaged medications ($477M), and cars ($403M).

The top three exports from Kenya are: 

Kenya’s biggest exports include tea ($1.2B), cut flowers ($596M), refined petroleum ($308M), gold ($262M), and coffee ($229M), with the majority of these goods going to the United States ($496M), Uganda ($940M), Pakistan ($515M), and the Netherlands (503M) and United Kingdom ($435M).

Trade with Kenya will help you beat your prospects. 

Get access to fully researched and structured kenya trade data that can be used for better statistical company planning. The radical and unique works demand creative ideas and new age comprehensive data, kenya import export data can be your key to a successful strategy. Contact us today.

Comments

Post a Comment

Popular posts from this blog

Who is Kenya's biggest trading partner?

Globalization is a requirement for today's businesses. Your product can't become popular in just one country. Being international is the most effective way to succeed in the trade. Kenya Trade Data will assist you in not just comprehending marketing strategies, but also in gaining a better understanding of consumer behavior. It's crucial to understand the difference between preference and what drives people to seek out alternatives. If you want to sell a product or a service, this is the place to be. Kenya's principal economic activities are divided into three key economic sectors. The following are the three economic sectors: ● Agriculture ● Industry ● Services. Kenya has abundant natural resources, but its infrastructure has to be improved. Kenya's major imports and exports are discussed in this blog. This is something that Kenya Import Export Data may assist you to comprehend. Insights from the competition and more. Kenya's Most Popular Products Here is a li
Read more

What is Kenya ‘Main trade?

Kenya is the 63 rd economy in terms of the world's GDP. According to Kenya Trade Data , Kenya is ranked 107 th in total exports, 80 th in total imports, 96th in total exports, and 146 th in GDP per capita in the current US dollars in 2019. According to the statistics, over the last five years, Kenya's exports have increased by $13.6 million while rising from the value of $6.24 billion in 2014 to $6.25 billion in 2019. The whole economic performance of the country is reflected through the gross domestic product percentage ratio. Kenya’s import of goods and services as of GDP percentage is 23.01% and the export of goods and services is 13.18%.  According to the database of international trade statistics, Kenya Import Export Data by Country states that in the year 2019, China with a value of $3.59B was the top among all the other countries. After which India with $1.71B, United Arab Emirates with $1.63B, Saudi Arabia with the value of $1.25B. Other than these countries, Japan,
Read more

What are the major imports of Kenya?

  Kenya imports mainly transportation and machinery or equipment, petroleum items, motor vehicles, iron, resins, and plastics. Kenya's primary import partners are India, China, UAE, South Africa, the United States, and Japan. Import trade in Kenya The import data through the internet gives the Kenya importers continuous and huge business opportunities. A  Kenya Import Data  contains information about mineral oil or fuel, iron, steel, and plastics. This data is the accumulation of transactions of import goods. This data is useful for local traders are easily finding the suppliers for their product requirements. Nowadays, the import data is stored and retrieved easily in the cloud database. The import data is also containing importer details. The importer details include the name, address, contact number, email id, and fax number. The import material data includes the product description, date of consignment, and shipping details. The export trade in Kenya The export trade data is he
Read more