(Special for CAFS) Kenya's trade deficit widens in 2023

NAIROBI, April 19 (Xinhua) — Kenya said on Friday that its trade deficit widened to 1.6 trillion shillings (about 12 billion U.S. dollars) in 2023, up from 10.55 billion dollars in 2022.
The state-owned Kenya Export Promotion and Branding Agency (KEPROBA) said imports increased to 19.57 billion dollars in 2023, up from 16.92 billion dollars in 2022.
KEPROBA said in a statement released in the national capital of Nairobi that export performance in 2023 reached 7.31 billion dollars and was driven by export products such as tea, horticulture, cement, and meat.
The export agency said the East African country narrowed the trade deficit in 2023 by more than 38 million dollars with countries such as Uganda, Pakistan, Tanzania, South Sudan, the Democratic Republic of the Congo, and Somalia.
KEPROBA noted that in 2023, Kenya registered a widening trade deficit of more than 22.5 million dollars with countries such as the Netherlands, United States, United Arab Emirates, Egypt, China, Saudi Arabia, Germany, Ethiopia, France, India, and Japan. Enditem