Bloomberg News

Kenyan Trade Deficit Widens in June as Exports Fall, Agency Says

August 27, 2012

The trade deficit in Kenya, one of the world’s largest growers of black tea, widened in June as exports fell, the country’s statistics agency said.

The gap increased to 70.8 billion shillings ($842 million) from 60.5 billion shillings a year earlier, the Nairobi-based Kenya National Bureau of Statistics said today in a statement on its website. Imports climbed 7 percent to 112.1 billion shillings, while exports declined 6 percent to 41.3 billion shillings, the agency said.

Shipments of tea fell 17 percent to 29,148 metric tons, and earnings from those sales dropped 13 percent to 7.8 billion shillings, the agency said. Tea output climbed 14 percent to 37,383 tons in May, with figures for June not provided.

To contact the reporter on this story: Sarah McGregor in Nairobi at smcgregor5@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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