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Exports were 25% of imports
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Just saw somewhere that Kenyans imported 4 times as much as they exported. Hope we cen dig that oil up pronto otherwise Ksh long-term view is not healthy Sehemu ndio nyumba
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Mainat wrote:Just saw somewhere that Kenyans imported 4 times as much as they exported. Hope we cen dig that oil up pronto otherwise Ksh long-term view is not healthy Details??????? Breakdown of goods and cost both ways????? I can guess most of the imports are 2nd hand Toyotas from Japan and China made phones!!!!! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 7/20/2012 Posts: 141
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Mainat wrote:Just saw somewhere that Kenyans imported 4 times as much as they exported. Hope we cen dig that oil up pronto otherwise Ksh long-term view is not healthy Indeed just go inside any supermarket and you can easily verify this. Very true and very very sad.
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Rank: Member Joined: 7/20/2012 Posts: 141
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Our policies make it more attractive to be just an importer than a local producer. The local producer has to fulfill too many regulations while the importers need only to pay the duty and are able to sell.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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h2s wrote:Our policies make it more attractive to be just an importer than a local producer. The local producer has to fulfill too many regulations while the importers need only to pay the duty and are able to sell. Have you heard of restriction to import maize, sugar, ... jubilee have a strategy of promoting local production by creating appropriate environment. they want an economy that will export more
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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I once stepped into Nakumatt to buy njugu and popcorn, as I was busy looking for local grain a lady doing the same was busy looking for imported stuff, then when i finally landed a pack - Kenyan made - she offered some free advice that the imported yellow maize is better because all of them pop but the Kenyan ones dont. I told her i'd rather support the Kenyan farmer and walked away. Surely we shouldn't import some stuff "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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h2s wrote:Our policies make it more attractive to be just an importer than a local producer. The local producer has to fulfill too many regulations while the importers need only to pay the duty and are able to sell. VERY TRUE! I was once involved in a CVs evaluation case for some hydrogeological sub-consultancy work, where my seniors prefered a foreigner's 3 years (unverifiable) experience, to a Kenyan's 5 years easily verifiable experience. Its high time we trust and empower our own products and professionals. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:Mainat wrote:Just saw somewhere that Kenyans imported 4 times as much as they exported. Hope we cen dig that oil up pronto otherwise Ksh long-term view is not healthy Details??????? Breakdown of goods and cost both ways?????
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Veteran Joined: 11/15/2012 Posts: 1,110
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The truth of the matter is that the Kenyan consumer loves foreign goods. It's all about the sense of sophistication. Again, foreign goods are thought to be superior quality-wise. Apart from the complex consumer tastes, the local manufacturers are suffocating from a bad working environment and increasing production costs.
In the long run, the country should address the issues that raise the cost of production and this will make our goods competitive.
Nonetheless,Kenya has a huge potential market in the EAC and COMESA regions. These are the countries we should be targeting because we have trading ties with them thus their markets are somehow liberated.
Live Full Die Empty - Les Brown.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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dunkang wrote:Mainat wrote:Just saw somewhere that Kenyans imported 4 times as much as they exported. Hope we cen dig that oil up pronto otherwise Ksh long-term view is not healthy Details??????? Breakdown of goods and cost both ways????? I can guess most of the imports are 2nd hand Toyotas from Japan and China made phones!!!!! oil is no.1. Tea is no.1! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Check the knbs website for more details Sehemu ndio nyumba
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mainat wrote:Check the knbs website for more details Drat!!! .... You fail to give the link to the specific document for ease of reference coz u know you are wrong!!! Very uncouth!!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Mainat, read "TABLE 12: KENYA’S EXTERNAL TRADE, DEC 2011 – APR 2013", Page 20, >>> http://www.knbs.or.ke/news/lei052013.pdf .... Note to change the thread title to read correctly
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Rank: Member Joined: 9/2/2010 Posts: 563 Location: Embakasi
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Quote:The value of imports amounted to KSh 355,998 million in the first quarter of
2013, up from KSh 328,342 million recorded in the corresponding period of 2012. This was
mainly occasioned by increased imports of transport equipment. However, the value of
domestic exports declined to KSh 121,910 million during the first quarter of 2013 from KSh
123,626 million in the similar quarter of 2012. This may be attributed to decreased value of
coffee exports. The Kenya Shilling depreciated against the US Dollar to exchange at an
average of KSh 86.72 per US Dollar in March 2013, compared to an average of KSh 84.14
per US Dollar in March 2012. That's about 34%. Note it's only for the first quarter of 2013. RinkIn a place where thought is abandoned, freedom can become a curse.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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That table is alarming "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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grolut wrote:Quote:The value of imports amounted to KSh 355,998 million in the first quarter of
2013, up from KSh 328,342 million recorded in the corresponding period of 2012. This was
mainly occasioned by increased imports of transport equipment. However, the value of
domestic exports declined to KSh 121,910 million during the first quarter of 2013 from KSh
123,626 million in the similar quarter of 2012. This may be attributed to decreased value of
coffee exports. The Kenya Shilling depreciated against the US Dollar to exchange at an
average of KSh 86.72 per US Dollar in March 2013, compared to an average of KSh 84.14
per US Dollar in March 2012. That's about 34%. Note it's only for the first quarter of 2013. Rink
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Exports were 25% of imports
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