NAIROBI (Xinhua) --
Kenya’s exports in 2016 declined by 2.9
percent as compared to 2015 to hit 5.611 billion U.S.
dollars, official data released on Wednesday shows.
the 2017 Economic Survey, the marginal drop in exports
was attributed to a 12 percent drop in re-exports.
in re-exports was attributed to a contraction in the
re-exports of petroleum and manufactured articles into
the East African region,” says the survey.
survey provides detailed information on socio-economic
indicators in agriculture, environment and natural
resources, manufacturing, public finance, Transport,
building and construction sectors for 2016.
horticulture, textile and apparel, coffee emerged as the
leading export earners jointly accounting for 56.7
percent of total exports.
imports also reduced from 15.3 billion dollars in 2015,
to hit 13.89 billion dollars in 2016 largely as a result
of lower international oil prices as well as reduced
transport equipment acquisitions.
showed that improved export unit prices of manufactured
goods coupled with declined unit prices of mineral fuels
resulted in a reduced trade deficit.
maintained its lead as the largest destination of Kenya
exports, absorbing 40.6 percent of all exports, while
Europe and Asia accounted for 24.5 percent and 24.3
African Community trading bloc accounted for
approximately half of total exports to Africa.
economic survey showed that main source of imports was
Asia which accounted for 66.8 percent of all import
Asia also consisted of equipment and material for the
construction of the Standard Gauge Railway.