Trade and Economic relations between Ukraine and Kenya
21 October 2020 23:55

Kenya:

Kenya is the undisputed leader in trade and economic cooperation between Ukraine and the countries of East Africa. Of the more than fifty countries in the African continent, Kenya ranks among the most significant consumers of Ukrainian goods, among the top ten.

The key features that make Kenya an important and promising partner for Ukraine are that Ukrainian products meet Kenyan needs and standards, prices remain acceptable, and Kenya itself is increasingly taking on the role of the East African Economic Hub.

According to the data from the State Statistics Service of Ukraine, in 2019 bilateral trade between Ukraine and Kenya amounted to 78.63 million USD.

Exports from Ukraine to Kenya totaled 69.25 million USD, (increased up to 115.7% compared to 2018), imports -  9.38 million USD (increased up to 109.5% compared to 2018).

In 2019, the positive balance of foreign trade between Ukraine and Kenya amounted to 59.86 million USD.

 

Structure of foreign trade in goods of Ukraine with the Republic of Kenya in 2018 – 2019

(in thousand USD)


Year

Export

Import

Balance

Тurnover

thousand

USD

in %

to previous year

thousand

USD

in %

to previous year

2018

59858.2

75.3

8572.2

107.8

+51286

68430.4

2019*

69251.5

115.7*

9386.5

109.5*

+59865

78638


(*According to the data from the State Statistics Service of Ukraine in 2019)


The main articles of exports from Ukraine to Kenya in 2019 were: cereals - 56.31 million USD (81.3%), oilseeds and seeds - USD 5.6 million USD (8.1%), animal or vegetable fats and oils - USD 3.72 million USD (5.4%).

The main articles of imports from Kenya to Ukraine in 2019 were: coffee and tea - 4.7 million USD (50.2%), edible fruits and nuts - 2.27 million USD (24.2%), tobacco and industrial tobacco substitutes - 1.38 million USD (14.8%), live trees and other plants - 0.72 million USD (7.7%).

According to the data from the State Statistics Committee of Ukraine for 2019, exports of services from Ukraine to Kenya amounted to 618 thousand USD, imports - 755 thousand USD. Exports of services from Ukraine to Kenya accounted for 77.4% compared to 2018, and imports - 107.2%.

The trade balance of services between Kenya and Ukraine in 2019 amounted to - 136.9 thousand USD.

Travel services (71.5%) and transportation services (13.3%) were the main exports of services from Ukraine to Kenya in 2018.

Imports from Kenya were based on business services (80.1%).

According to the data from the State Statistics Service of Ukraine (available in October 2020), bilateral trade between Ukraine and Kenya during the period January-July 2020 amounted to 64.3 million USD.

During January - July 2020 exports from Ukraine to Kenya totaled 56.3 million USD, (increased up to 142.1% compared with the same period of 2019), imports - 8 million USD (increased to 39.2% compared with the same period of 2019).

The positive balance of foreign trade between Ukraine and Kenya during this period amounted to 48.3 million USD.

The main articles of exports from Ukraine to Kenya (as of January-July 2020) were: ferrous metals - 31.7 million USD (56,2%), oilseeds and seeds - 8.5 million USD (15.1%), fats and oils of animal or vegetable origin - 2.3 million USD (4.2%), boilers, machines - 1 million USD (1.5%).

The main articles of imports from Kenya to Ukraine (as of January-July 2020) were: coffee and tea - 3.2 million USD (39.8%), edible fruits and nuts - 3 million USD (37.8%), tobacco and industrial tobacco substitutes - 1 million USD (11.6%).

The movement in investment activity between the two countries is not observed.

The Government of the Republic of Kenya pays more and more attention to the tourism industry, where Ukrainian companies can also realize their potential. In addition to trade in tourist services, trade, and telecommunication services, computer and information services also constituted a significant percentage.

Kenya, as well as other countries in the region, is interested in purchasing agricultural machinery for the whole technological chain for the needs of agriculture, mainly small and medium size farms, modern medical equipment and pharmaceutical products, products of the flour milling industry.

Demand analysis shows that in the nearest future, Kenya would continue to import grain, ferrous metals, mineral fertilizers, oils of animal and/or vegetable origin, and vegetables. Сlimate conditions in Kenya (droughts occur in almost every part of the country almost every year) and the relatively low efficiency of agricultural production (except for export tea and coffee, macadamia nuts) makes it dependent on imports of mineral fertilizers and cereals.

The arrangements reached during the visit to the Republic of Kenya of the Minister of Foreign Affairs of Ukraine in May 2018, which became the first visit in the history of the bilateral relations, has given a great impetus to the development of relations between Ukraine and Kenya in the trade and economic sphere.

In this regard, the Ukrainian and Kenyan Sides are working together to create treaty and legal framework for further development and enhancement of bilateral trade and economic relations, in particular, through the elaboration of the Draft Agreement on the Establishment of a Joint Intergovernmental Commission and the Memorandum on Cooperation in the field of agriculture as well as other important draft agreements in this area.


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