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KENYA

KENYA

The Economy of Kenya is a market-based economy with a generalized external trade system and a few state enterprises. Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, coming behind Nigeria and South Africa. In 2019 Kenya was the number 63 economy in the world in terms of GDP (current US$), the number 107 in total exports, the number 80 in total imports, the number 146 economy in terms of GDP per capita (current US$) and the number 96 most complex economy according to the Economic Complexity Index (ECI). Kenya GDP estimate for 2019-20 is $243.137. Agriculture sector contribution in Kenya GDP is up to 34.5% which for Kenya for import there for there is always demand for agriculture products. In 2019 Kenya imported $18.8B, making it the number 80 trade destination in the world. The top exports of Kenya are Tea ($1.13B), Cut Flowers($616M), Refined Petroleum ($404M), Coffee ($224M), and Titanium Ore ($143M), exporting mostly to Uganda ($619M), United States ($546M), Netherlands ($487M), Pakistan ($440M), and United Kingdom ($387M).Imports: The top imports of Kenya are Refined Petroleum($3.07B), Cars ($522M), Packaged Medicaments ($471M), Wheat($439M), and Hot-Rolled Iron ($413M), importing mostly from China ($4.48B), United Arab Emirates ($1.83B), India ($1.82B), Saudi Arabia ($1.28B), and Japan ($910M).

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