Kenya’s trading volume up by Sh13.75bn In June-KNBS

NAIROBI, Kenya, Aug 5- Kenya’s volume of trade in the international market increased by Sh13.75 billion in June.

Kenya National Bureau of Statistics in its Leading Economic Indicators report reveals that the country’s trading volume increased from Sh155.90 billion in May 2020 to Sh169.65 billion in June 2020.

During the period under review, food and beverages was the main export category, accounting for 49.40 percent of exports, while non-food industrial supplies accounted for 26.35 percent of the total exports.

The quantity of coffee exported decreased from 4,312.75 MT in May 2020 to 5,414.08 MT in June 2020 and its value rose from Sh2,279.12 million to Sh2,956.33 million over the same period.

At the same time, the quantity of tea exported decreased from Sh11,289.33 million to Sh10,293.00 million over the same period with its value up from Sh11.6 billion to Sh13.2 billion over the same period.

Imports by Broad Economic Category indicate that non-food industrial supplies was the main import category in June 2020 with a share of 38.19 per cent.

The report by KNBS comes at a time when countries around the world have started to relax movement restrictions in and out of its borders to safeguard the economy where thousands continue to save job losses owing to the impact caused by the coronavirus disease.