Kenya's exports to Africa surge 21 pct in 2023-Xinhua

Kenya's exports to Africa surge 21 pct in 2023

Source: Xinhua

Editor: huaxia

2024-02-27 00:07:00

NAIROBI, Feb. 26 (Xinhua) -- Kenya's exports to other African countries rose by 21.4 percent in 2023, reaching a new high amid sustained efforts to build ties with nations on the continent to benefit from the Continental Free Trade Area, the Central Bank (CBK) said in a new economic report released on Monday.

The exports increased to 396.3 billion shillings (2.72 billion U.S. dollars) in 2023 from 2.24 billion dollars in 2022, the apex bank said.

Most of Kenya's exports were sold in Uganda, Tanzania and Rwanda, with Egypt, Somalia and the Democratic Republic of the Congo emerging as new markets. Kenya mainly exports oil and lubricants, tea, coffee, oil, animals, vegetable fats, clinker, wheat flour and manufactured goods.

Kenya exported goods worth 804 million dollars to Uganda, 424 million dollars to Tanzania, and 309 million dollars to Rwanda, according to the bank.

The rise in exports to African countries follows Kenyan President William Ruto's efforts to strengthen bilateral ties with countries like Uganda, Tanzania, Rwanda and Egypt. Ruto has also championed the elimination of trade barriers among African countries to ease the integration of regional trading blocs.

In January 2024, Kenya adopted a visa-free policy to ease the movement of people and goods not only from across the African continent but also globally.