Trade Scenario Between Bangladesh and Kenya

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Trade Scenario Between Bangladesh and Kenya

There prevails an excellent bilateral trade relation between Bangladesh and Kenya. Bangladesh and Kenya have been trying to strengthen existing trade relations between the two countries. Bangladesh exported goods worth US$ 14.47 million in 2023-2024 and imported goods which stood at US$ 1.61 in 2023-2024.

02. The trade balance between Bangladesh and Kenya is as follows (Value in million US$)

Fiscal Year	Export	Import	Balance
2013-2014	8.99	3.90	(+) 5.09
2014-2015	9.07	3.30	(+) 5.77
2015-2016	10.78	3.10	(+) 7.68
2016-2017	10.67	2.06	(+) 8.61
2017-2018	29.77	2.60	(+) 27.17
2018-2019	16.10	6.80	(+) 9.30
2019-2020	15.38	3.40	(+) 11.98
2020-2021	20.29	4.50	(+) 15.79
2021-2022	22.18	5.00	(+) 17.18
2022-2023	20.97	1.9	(+) 19.07
2023-2024	14.47	1.61	(+) 12.86
2024-2025	18.23	1.5	(+) 16.73

It appears from the above table that the blance of trade is in favor of Bangladesh but the volume of trade needs to be increased.

03. The Commodity-wise export in the fiscal year 2024-2025 may kindly be seen at Annexure-A.

04. Major exports from Bangladesh to Kenya:

pharmaceutical productes ,Fruit and Vagetabules, Jute and other textile, Woven fabrics, Sacks and bage, Iron & stile Household art & parts there of etc.

05. Major Imports from Kenya into Bangladesh :

Base metals & articles of base metals Aluminium & Articles there of Electrical equipment parts & accesories.

06. In view of the above, the following points may be taken into consideration in order to boost up Bangladesh’s export to Kenya:

Bangladesh has huge potentialities to export more RMG and other items to Kenay. Necessary steps may be taken in to concideration to enhance our RMG export;
Exchange of trade delegation between the two countries both at private and Government level should be encouraged on a regular basis to identify new areas of business and investment between two countries ;
Exchange of trade information/opportunities on a regular basis between the two countries may be ensured;
Bangladesh may take part in trade fairs in Kenya for the consolidation of existing market and creation of market for new products;
Investors may also be requested to invest in Bangladesh.

Annexure-A

Bangladesh Export to Kenya

FY 2024-2025	Value in US$
KE: Kenya	18,238,476
63051000: Sacks And Bags, Used For Packing Goods, Of Jute, Etc	5,834,005.55
30049099: Other(excl.anti-malaria, anti-TB, anti-leprosy....and kidney dialysis solution	4,860,868.99
30043910: Anti-malaria-TB-cancer-leprosy,crdvsclr/anti-hepatic encephal opathy drugs/Kidney dls	1,820,757.52
30044990: Other	1,411,665.73
52093100: Dyed Plain Cotton Woven Fabrics With >=85% Cotton, >=200g/M2	799,034.26
73089010: Structures And Parts Of Structures, Nes, Of Iron Or Steel	688,882.87
96071100: Slide Fasteners Fitted With Chain Scoops Of Base Metal	459,043.39
30041000: Medicaments Of Penicillins... Or Streptomycins..., For Retail Sale	282,629.00
96062200: Buttons Of Base Metal, Not Covered With Textile Material	260,284.05
65050000: Hats and other headgear, knitted or crocheted, . trimmed; hair-nets of any material, wh	214,540.79
30042090: Other than Mycophenolate mofetil, mycophenolate sodium, ciclosporin	155,194.88
88071090:	146,511.05
30043100: Medicaments Containing Insulin, For Retail Sale	132,975.59
30049091: Antimalaria, antiTB, anticancer, ... Kidney dialysis solution; Drugs for thalassaemia	130,529.21
30039091: Other Anti-Malaria,Anti-Tb,A.-Leprosy Cardiovascular & A.-Hepatic Encep...	122,393.44
84719000: Magnetic or optical readers; machines for transcribing data onto data media...nes	107,884.21
30066000: CHEMICAL CONTRACEPTIVE PREPARATIONS BASED ON HORMONES ON OTH. PROD. OF HEADING 29.37..	63,983.11
20098900: Juice of any other single fruit or vegetable other than Cranberry Juice	63,459.49
30034910: Anti-malaria, anti-TB, anti-cancer, anti-leprosy, cardiovascular and anti-hepatic en	53,352.95
30044910: Other	46,844.47