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$ 22.18 million in 2021-2022 and imported goods which stood at US$ 5.00 in 2021-2022.

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

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 2019-2020 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 2019-2020	Value in US$
KE: Kenya	15379210.8
30: Pharmaceutical products	8,319,722.08
63: Other made up textile articles; sets; worn clothing and worn textile articles;rags	2,995,345.72
52: Cotton	1,591,238.06
48: Paper or paperboard; articles of paper pulp, of paper or paperboard	813,485.96
39: Plastics and articles thereof	417,910.74
96: Miscellaneous manufactured articles	367,652.36
90: Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof	205,019.14
94: Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishing; lamps and lighting fittings, NES or incl.; illuminated signs or name-plates and the like; prefabricated buildings	180,917.37
20: Preparation of vegetables, fruit, nuts or other parts of plants	171,719.20
85: Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	135,885.05
59: Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use	71,089.32
62: Articles of apparel and clothing accessories, not knitted or crocheted	40,156.24
17: Sugar and sugar confectionery	25,320.57
61: Articles of apparel and clothing accessories, knitted or crocheted	22,680.06
24: Tobacco and manufactured tobacco substitutes	9,845.77
87: Vehicles others than railway or tramway rolling-stock, and parts and accessories thereof	9,407.40
54: Man-made filaments	1,329.94
98: Miscellaneous National Provisions	485.84