Kenya Quarterly Balance of Payments Second Quarter, 2021

In the second quarter of 2021, the current account deficit increased by 28.2 per cent to KSh 110.1 billion from KSh 85.9 billion in the corresponding quarter of 2020. Similarly, merchandise trade balance went up by 46.2 per cent to a deficit of KSh 271.3 billion. Imports valued on f.o.b. basis grew relatively faster by 38.9 per cent compared to 29.2 per cent increase in exports during the quarter under review. The growth is an indication of gradual recovery in external demand for goods.