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Netherlands and United States become top Kenya export markets

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Wednesday, 08 October 2014

Netherlands and United States become top Kenya export markets

New economic data from Kenya National Bureau of Statistics (KNBS) received Monday indicates the country’s exports to Netherlands hit 244 million U.S. dollars in the first six months of this year, compared to Britain’s 195 million dollars.

Britain has been Kenya’s second top destination of exports for over two years after beating Tanzania. However, the country, according to the economic data, now stands at position four, with U.S. coming in third as Kenya strengthens its bilateral ties with President Barrack Obama’s administration.

U.S. imports from Kenya stood at 206 million dollars in the first half of the year. The imports have been on the rise since January, where they stood at 27.2 million dollars and grew to 42 million dollars in June, an indication of US warming up to goods from East Africa’s biggest economy. Uganda remains Kenya’s top destination of goods, with an import worth 251 million dollars in the first half of this year.

Kenya exports to Netherlands include mainly cut flowers, tobacco and horticultural products. On the other hand, Netherlands exports to Kenya chemicals, machinery, engines and transport equipment. The relation between the two nations, however, goes beyond trade. According to the Dutch embassy in Nairobi, the Netherlands funds various programes in Kenya in art, water and environment sectors. Cut flowers contribute to close to 80 per cent of Kenya’s exports to Netherlands.

Source: coastweek.com