Kenya Quarterly Balance of Payments Third Quarter, 2021

Abstract

The current account deficit expanded by 27.4 per cent from KSh 145.0 billion in the third quarter of 2020 to KSh 184.6 billion in the same quarter of 2021. Merchandise trade deficit increased by 39.6 per cent to KSh 321.8 billion in the third quarter of 2021 on account of 26.5 per cent growth in imports on f.o.b basis, mainly due to increase in imports of non-food industrial supplies. During the quarter under review, earnings from exports improved by 7.9 per cent to KSh 176.2 billion boosted by increased exports of horticulture, articles of apparel and clothing accessories, edible products and preparations, and titanium ores and concentrates.