WORLD Kenya's trade hits pre-COVID-19 levels

WORLD

Kenya's trade hits pre-COVID-19 levels

Xinhua

22:08, March 05, 2021

NAIROBI, March 5 (Xinhua) -- Kenya's imports and exports have surged to hit pre-COVID-19 levels as countries open their borders boosting international trade, the Central Bank of Kenya (CBK) said in a new report released on Friday.

A worker prepares rose flowers for export ahead of Valentine's Day, at Maridadi Flowers farm in Naivasha, Kenya, Feb. 11, 2021. (Photo: Xinhua)

The report shows that the east African nation imports currently average 161 billion shillings ($1.5 billion) a month, which is the level the imports stood in January 2020, before the outbreak of COVID-19 in Kenya in March. Similarly, monthly exports average 447 million dollars, a level they stood before the pandemic.

In May, Kenya's imports fell to a low of 991 million dollars amid tough restriction of international trade and movement of people.

Most of the imports come from China, followed by India and United Arab Emirates. South Africa, Britain and United States are Kenya's other sources of imports that include oil and lubricants, manufactured goods and machinery.

Total imports in 2020 stood at 15 billion dollars, down from 17 billion in 2019.

On the other hand, despite the pandemic, exports rose in 2020 to stand at 5.9 billion dollars, up from 5.4 billion dollars.

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