Kenya Exports Performance Overview

Kenya Exports Performance Overview

Kenya's economy has been running on one engine. Kenya's strong engine is domestic consumption, which accounts for 75 percent of Gross Domestic Product (GDP). Kenya's weak engine remains its exports, which have been declining sharply...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
AGRICULTURAL PRODUCTS
AGRICULTURE
APPAREL
BENCHMARK
BENCHMARKS
BILATERAL TRADE
COMMODITY EXPORTS
COMMODITY PRICES
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGE INDEX
COMPARATIVE DISADVANTAGE
COMPETITIVE POSITION
COMPETITIVENESS
CONSUMERS
CURRENT ACCOUNT
CURRENT ACCOUNT DEFICIT
DEVELOPING COUNTRIES
DOMESTIC CONSUMPTION
DOMESTIC INVESTMENT
ELASTICITY
EMERGING MARKETS
EXPORT BASKET
EXPORT COMPETITIVENESS
EXPORT DIVERSIFICATION
EXPORT EARNINGS
EXPORT GROWTH
EXPORT MARKET
EXPORT MARKET EXPANSION
EXPORT MARKETS
EXPORT PATTERNS
EXPORT PERFORMANCE
EXPORT POTENTIAL
EXPORT PRODUCTS
EXPORT SECTOR
EXPORT SECTORS
EXPORT SHARE
EXPORT SPECIALIZATION
EXPORT VALUE
EXPORTS
EXPORTS OF GOODS
EXTERNAL SHOCKS
GDP
GDP PER CAPITA
GLOBAL EXPORTS
GLOBAL MARKETS
GRAVITY MODEL
GROWTH RATE
GROWTH VOLATILITY
IMPORT COSTS
IMPORT VALUES
INCOME
INCOME ELASTICITY OF DEMAND
INDUSTRIALIZATION
INDUSTRY TRADE
INTRAREGIONAL TRADE
MARKET PENETRATION
MARKET SHARE
MERCHANDISE
MERCHANDISE EXPORT
MERCHANDISE EXPORTS
MERCHANDISE TRADE
OIL EXPORTERS
OIL IMPORTS
OPENNESS
POSITIVE EFFECTS
PRODUCTIVITY GROWTH
REGIONAL TRADE
SERVICE EXPORTS
SHARE OF WORLD EXPORTS
SPECIALIZATION
STRUCTURAL CHANGE
SUBSTITUTES
TERMS OF TRADE
TERMS OF TRADE SHOCKS
TRADE AGREEMENT
TRADE COMPETITIVENESS
TRADE INTENSITY
TRADE ORIENTATION
TRADE PARTNERS
TRADE PATTERNS
TRADE PERFORMANCE
VALUE OF TRADE
WORLD MARKET
WORLD TRADE
Online Access:http://documents.worldbank.org/curated/en/933041468278359551/Kenya-exports-performance-overview
http://hdl.handle.net/10986/26810
Description
Summary:Kenya's economy has been running on one engine. Kenya's strong engine is domestic consumption, which accounts for 75 percent of Gross Domestic Product (GDP). Kenya's weak engine remains its exports, which have been declining sharply in relative importance. Kenya's top four main exports do not earn enough to pay for oil imports, not to mention other imports. It will be very difficult for Kenya to achieve high growth over an extended period of time because of its existing economic imbalances. Kenya needs to increase its export competitiveness. It is clear that Kenya's trade performance is below its potential. The objective of this overview is to provide some of that analysis and to contribute to the policy dialogue on the role of exports Kenya's future growth. This paper focuses on five issues: 1) overall trade orientation and export growth; 2) merchandise export trends; 3) merchandise exports by sector; 4) merchandise exports by destination; and 5) diversification. The growth of merchandise exports has been slow and volatile. The average annual growth rate of merchandise exports has been only 10 percent. And while countries such as Vietnam have has a distinct export growth trajectory with steady growth in merchandise exports year after year, Kenya's pattern has been rather volatile with a few good years followed by major falls. Export growth has been driven primarily by existing products in existing markets. Overall there has been little new product/new market discovery.

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