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PUBLISHED ON March 1st, 2019

Kenya’s trade deficit persists despite slowdown in imports growth

Kenya’s trade deficit widened by marginal 1.2 percent last year due to a slowdown in demand for imports compared to 2017 amid a slight growth in exports.

The deficit — the gap between imports and exports — climbed to Sh1.145 trillion in 12 months through December 2018 from Sh1.13 trillion a year earlier, fresh statistics Central Bank of Kenya released late Wednesday show.

Total imports increased 1.88 percent to nearly Sh1.76 trillion, a slower pace than exports which rose 3.16 percent to Sh612.88 billion. That means for every Sh100 that Kenya spent on buying goods from abroad, it only earned Sh35 from exports.

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