- Kenya’s export value increased by 17 per cent in 2021 to hit KSh 666.7 billion (US$ 5.5 billion) compared to KSh 567.4 billion (US$ 4.7 billion) in 2020
- Data from the Kenya Trade Network Agency (KenTrade) Business Intelligence Tool shows that the increase was influenced by earnings from top agricultural products (tea and horticultural products)
- The export volumes increased from 643.7 billion tonnes to 743.7 billion tonnes in 2021 with improved exports in clothing accessories and agricultural products
“Food products such as wheat, maize and rice rose in the value of the imports realised through the Kenya TradeNet system. The imports that are consumed majorly in the country are wheat, which is the highest imported commodity amounting to approximately 1.8 million tonnes, iron, and steel and cement clinker with 1.7 million and 1 million tonnes, respectively. Other commodities imported in high tonnage for the year 2021 include animal, vegetable fat and oil, chemical fertilisers and rice,” the report shows.The volume of trade in the year under review amounted to 2.8 trillion compared with 2.2 trillion in the year 2020.
Commenting on the report, KenTrade Chief Executive Officer Amos Wangora said the findings on both the imports and the exports are made possible through the availability and the increased use of the TradeNet System.“We have recently made an upgrade of the Kenya TradeNet System to Trade Facilitation Platform (TFP) which has since made the Partner Government Agencies and Users of the system enjoy vast advantages. The platform is an advancement of the new technology which is robust in nature,” Wangora noted.
TFP has integrated with various Partner Government Agencies namely Kenya Maritime Authority (KMA), Kenya Ports Authority (KPA), Kenya Plant Health Inspectorate (KEPHIS), Agriculture Food Authority Directorate, Tea Board Of Kenya, Port Health and upcoming integration with Kenya Revenue Authority (KRA) and KEBS (Kenya Bureau of Standards).
This is the first report from the new Business Intelligence (BI) Tool. The tool, which was co-funded by TradeMark East Africa (TMEA), went live on June 30, 2022.The BI is helping the Agency visualise internal and external strengths and weaknesses, detect opportunities for more innovation, and will be instrumental in KenTrade’s goal of reducing the cost of doing business in Kenya.