By Bedah Mengo NAIROBI (Xinhua) --
Exports from Kenya to African countries increased by 1.2 percent
in the first three months of 2017, pushed up by rise in exports to the Common
Markets for the Eastern and Southern Africa (COMESA) region.
stood at 364 million U.S. dollars, latest data from Central Bank of Kenya (CBK)
showed on Monday, up from 359 million dollars in the October-December period.
was largely in exports to Comesa countries namely Uganda and Egypt while those
to East African Community (EAC) decreased,” said the CBK in its economic report
for the period.
EAC stood at 293 million dollars, down from 298 million dollars in the previous
African countries, Uganda tops as the major destination of Kenya’s exports,
which stood at 163 million dollars during the quarter.
followed by Tanzania at 75 million dollars and Somalia came third at 58 million
dollars. On the other hand, exports to the rest of the world during the period
in review increased to 1.4 billion dollars, from 1.3 billion dollars.
“The share of
exports to the European Union increased to 22.6 percent during the first
quarter, from 20.4 percent during the fourth quarter of 2016. Those to China,
however, decreased to 1.6 percent from 2.3 percent in the previous quarter,”
said the bank.
Kenya’s largest source of imports during the quarter, with the share increasing
to 1.1 billion dollars, or 28 percent, up from 25 percent during the fourth
quarter of 2016.
“The share of
Kenya’s imports from the European Union, however, decreased to 11.2 percent
during the first quarter from 14 percent in the previous quarter, while those
from India also decreased to 11.6 percent from 14.4 percent in the fourth
quarter of 2016,” said the CBK.
Africa accounted for 10.1 percent during the first quarter compared to 11.4
percent during the fourth quarter of 2016.
and Egypt were the main source of the imports, with those from the former
standing at 136 million dollars and the latter 89 million dollars.