Kenya-Quarterly-Balance-of-Payment-and-International-Trade-Report-Second-Quarter-2025

Abstract

Table 1 shows Kenya’s Balance of Payments from the second quarter of 2023 to the second quarter of 2025. The current account balance worsened by 76.6 per cent to a deficit of KSh 83.7 billion in the second quarter of 2025 from a deficit of KSh 47.4 billion recorded in the same quarter of the previous year. This was primarily driven by 11.7 per cent widening of the merchandise trade deficit to KSh 348.4 billion during the corresponding period. The expanded merchandise trade deficit was mainly due to 16.5 per cent decline in exports, which was relatively faster compared to 4.5 per cent decrease in imports over the same period. Further, net inflows in the services account contracted from a surplus of KSh 70.8 billion in the second quarter of 2024 to a surplus of KSh 65.5 billion in the corresponding quarter of 2025. This was mainly as a result of KSh 12.0 billion increase in services expenditure compared to KSh 6.6 billion increase in services revenue in the period under review.