The country’s trade volume was at Ksh 169.65 billion in June and has risen significantly in the succeeding month.
A study conducted by the Kenya National Bureau of Statistics (KNBS) has revealed these numbers. The study has also revealed that the value of total exports increased from Ksh 48.05 billion in June 2020 to Ksh 52.00 billion in July 2020.
Meanwhile, the value of imports increased from Sh121.60 billion in June 2020 to Sh138.76 billion in July 2020. Domestic exports by Broad Economic Category (BEC) indicated that food and beverages were the main export category in July 2020 accounting for 46.06% of exports, while non-food industrial supplies accounted for 22.29 percent of the total exports.
The quantity of coffee exported decreased from 5,414.08 Metric Tonnes (MT) in June 2020 to 3,546.25 MT in July 2020 and its value dropped from Sh2,956.33 million to Sh1,799.26 million over the same period.
The quantity of tea exported increased from 46,399.01 MT in June 2020 to 46,850.57 MT in July 2020. However, the value of exported tea dropped from Sh10,293.00 million to Sh10,013.83 million over the same period.
Imports by BEC indicate that non-food industrial supplies were the main import category in July 2020 with a share of 39.35%.
Machinery & other capital equipment; Fuel and lubricants; and transport equipment constituted 19.26, 12.32, and 8.24, percent of the total value of imports, respectively.
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