Kenya’s import bill to the American Continent has increased in the first quarter of 2024 from KSh 28.1 billion in the first quarter of 2023 to KSh 65.1 billion.
This was obtained from the latest data published from Kenya National Bureau of Standards (KNBS).
KNBS also reported that Kenya’s exports to America, on the other side, amounted to KSh 23.6 billion, reflecting an increase of 46.7 per cent from the first quarter of 2023.
Large percentage of the import bill was attributed to the United state of America which shows an increase in USA import bill from Ksh 18.5 billion in Q1 of 2023 to Ksh 41.1 billion in Q1 in 2024.
“Overall, imports in the first quarter of 2024 were valued at KSh 684.0 billion reflecting an increase of 16.0 per cent compared to the first quarter of 2023. This development resulted from increased expenditure on petroleum products and industrial machinery imports which rose by 16.3 per cent and 32.0 per cent, respectively,” says KNBS
“Similarly, there was a notable increase in imports of aircraft, associated equipment and parts, which went up from KSh 4.9 billion in the first quarter of 2023 to KSh 13.1 billion in the first quarter of 2024.”
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