Kenya’s balance of trade grew 9% in Q4 2020

The Star

  • It improved from a deficit of $2,532 million in the fourth quarter of 2019 to a deficit of $2,307 million in the fourth quarter of 2020.

  • The value of merchandise exports increased by 3 percent to $1,474 million in the fourth quarter of 2020.

The country's balance of trade in goods and services recorded a nine per cent growth in the fourth quarter of 2020, according to the latest CBK quarterly review.

It improved from a deficit of $2.5 million in the fourth quarter of 2019 to a deficit of $2.3 million in the fourth quarter of 2020.

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