Classification of Kenya Import Export Data


Kenya is a country located in East Africa and is well known for its thriving economy, which is largely driven by international trade. The country has a well-developed infrastructure, which facilitates the import and export of goods. Kenya trade data refers to the information that is collected and analysed about the country's international trade transactions. This data is crucial for businesses, policymakers, and other stakeholders who want to understand the country's trade patterns and identify potential opportunities.

What is Kenya Import Data?

Kenya import data refers to the information about the goods that the country imports from other countries. The data includes details such as the name of the importer, the value of the goods, the quantity of the goods, and the country of origin. The data is collected by the Kenya Revenue Authority (KRA) and is updated on a regular basis. Some of the top imports of Kenya include machinery, oil, vehicles, iron, and steel.

What is Kenya Export Data?

Kenya export data, on the other hand, refers to the information about the goods that the country exports to other countries. The data includes details such as the name of the exporter, the value of the goods, the quantity of the goods, and the destination country. Kenya Customs Data is also collected by the KRA and is updated on a regular basis. Some of the top exports of Kenya include tea, coffee, horticultural products, and textiles.

Significance of Kenya Trade data

Kenya is an important trading nation in East Africa, and its trade data provides valuable insights into the country's economic performance, trade relations with other countries, and the overall health of its economy. Here are some key points that highlight the significance of Kenya trade data:

Contribution to GDP: Trade is a major contributor to Kenya's economy, accounting for approximately 35% of its GDP. As such, trade data is a crucial indicator of economic growth and development.

Key trading partners: Kenya has established trade relations with several countries around the world. Some of its major trading partners include China, India, the United States, the United Kingdom, and the Netherlands. Kenya Import Export Data helps to track the performance of these relationships and identify any emerging trends or challenges.

Exports and imports: Trade data provides information on the types and quantities of goods and services that Kenya is exporting and importing. This information is critical for policymakers and businesses to understand the country's competitiveness, identify potential opportunities for growth, and mitigate risks associated with dependence on certain products. Also get Import Data Kenya

Trade balance: Kenya's trade balance is a measure of the country's net exports and imports. A positive trade balance indicates that the country is exporting more than it is importing, while a negative trade balance suggests the opposite. Trade data helps to monitor the trade balance and identify areas where the country needs to focus on to improve its trade position.

Sectorial analysis: Trade data also provides information on the specific sectors that are driving trade growth. For example, Kenya is a major exporter of horticultural products such as flowers, fruits, and vegetables. Analyzing trade data by sector can help policymakers and businesses to identify areas for investment and growth.

Classification of Kenya Import Export Data:

Kenya import export data can be classified into different categories based on various parameters. Some of the common classifications include:

Product Category: The data can be classified based on the type of product that is being imported or exported. This helps in identifying the top products that are being traded and their trends over time.

Country of Origin or Destination: The data can also be classified based on the country from where the goods are being imported or the country to where the goods are being exported. This helps in identifying the top trading partners of Kenya.

Port of Entry or Exit: The data can also be classified based on the port through which the goods enter or exit the country. This helps in identifying the busiest ports in the country and the trends in the import and export of goods through these ports.

How Kenya Import Export Data is Helpful:

Kenya import export data is essential for businesses, policymakers, and other stakeholders who want to make informed decisions related to international trade. The data helps in identifying potential opportunities for businesses, as well as in understanding the market trends and competition. The data can also be used by policymakers to formulate trade policies and regulations that can help in promoting the country's economic growth. In addition, the data can be used by researchers and analysts to conduct market research and identify emerging trends in the international trade industry.

In conclusion, Kenya Customs Data is a valuable resource for understanding the country's international trade patterns and identifying potential opportunities for businesses. Kenya Trade Data is the best platform to analyse the trade market. The data is regularly updated and can be classified based on various parameters, which makes it easy to analyse and interpret. With the help of Kenya Import Data, businesses can make informed decisions related to international trade, and policymakers can develop policies that can help in promoting the country's economic growth.

For free sample data report and free live demo data search

Contact no.: 9990837766

Email: info@seair.co.in

Website: www.seair.co.in

Location: C-1 Janakpuri Bus Stand, Pankha Rd, Block C1, Janakpuri, New Delhi, Delhi 110058, India

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