Saturday, June 14, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Top 5 products Kenya bought the most in its last fiscal year

Simon Osuji by Simon Osuji
May 15, 2025
in Business
0
Top 5 products Kenya bought the most in its last fiscal year
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

While exports generate foreign cash, imports allow the country’s access to commodities, services, and technology that it may not produce effectively or in sufficient numbers.

Kenya’s overall national expenditure was expected to rise by 12% to KSh 3,605.20 billion in the fiscal year 2024–2025.

These include petroleum goods, equipment, medications, automobiles, and some foods. Access to these items is crucial for everyday living and economic activities throughout the country.

Kenya imports the raw materials, industrial equipment, and intermediate items required for local industry.

Construction, industry, and agriculture rely on imported steel, fertilizers, machinery, and electrical components.

These imports help industries function more effectively, innovate, and expand output to fulfill domestic and export demand.

According to the Economic Survey report by the Kenyan National Bureau of Statistics, imports in Kenya increased by 3.6% to KSh2,706.3 billion.

Kenyan Shilling

The report also shows that exports in the East African country grew by 10.4% to KSh1,112.3 billion, showing a healthy balance between imports and exports.

“Nominal GDP: Rose to KSh 16,224.5 billion in 2024 from KSh 15,033.6 billion in 2023,” the report states.

With that said, here are the products Kenya bought the most in its last fiscal year as per the Economic Survey report.

Related posts

RILAs gain ground amid volatility

RILAs gain ground amid volatility

June 13, 2025
Osaic CEO Jamie Price: Going for growth

Osaic CEO Jamie Price: Going for growth

June 13, 2025

Top 5 products Kenya bought the most in its last fiscal year

Rank Country Imports in 2024 (KSh in Billions)

1.

Petroleum Products

KSh552.4 billion

2.

Industrial Machinery

KSh312.9 billion

3.

Animal/ Veg. Fats & Oils

KSh139.2 billion

4.

Plastic Articles

KSh113.4 billion

5.

Iron & Steel

KSh101.8 billion

Source link

Previous Post

African Development Bank funds second Tech Park in Mindelo

Next Post

Sony WH-1000XM6 Review: The Best Noise-Canceling Headphones

Next Post
Sony WH-1000XM6 Review: The Best Noise-Canceling Headphones

Sony WH-1000XM6 Review: The Best Noise-Canceling Headphones

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Boehringer Ingelheim launches broadest spectrum parasiticide for cats in the UAE

Boehringer Ingelheim launches broadest spectrum parasiticide for cats in the UAE

8 months ago
Outage hits Aso Rock, other parts of Abuja as vandals steal underground cables – EnviroNews

Outage hits Aso Rock, other parts of Abuja as vandals steal underground cables – EnviroNews

5 months ago
Top 3 Meme Coins To Buy Before Bitcoin Hits $70K

Top 3 Meme Coins To Buy Before Bitcoin Hits $70K

8 months ago
How China Benefits from Zimbabwe’s Lithium Laws

How China Benefits from Zimbabwe’s Lithium Laws

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.