kilam
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- Aug 5, 2011
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03 July 2019 - 05:00
The value of Kenya's main exports declined by 3.1 per cent to Sh137.5 billion in the first quarter of 2019 compared to Sh141.9 billion registered in a similar period in 2018 .
Tea, horticulture, apparel and clothing accessories and unroasted coffee top as the country's leading foreign exchange earners.
According to Kenya National Bureau of Statistics, the decline was on account of decreased revenues from tea and titanium ores and concentrates.
Exports of titanium ores and tea declined to Sh3 billion from Sh4.19 billion, and to Sh31.37 billion from Sh40.09 billion respectively.
“The reduction in international price of tea partly contributed to the decrease in the value of tea exported which dropped from Sh307.71 per kilogramme to Sh237.54 per kg over the period,” it stated.
The data also attributed the drop in earnings from domestic exports of tea to Pakistan to Sh13.05 billion from sh18.61 billion.
This led to an overall decline in total exports to Far East Asia. Total exports to Asia fell by 20.9 per cent from Sh51.7 billion in the first quarter of 2018 to Sh 40.9 billion.
Total value of exports declined to Sh156.9 billion, from Sh161.7 billion over the period.
www.the-star.co.ke
The value of Kenya's main exports declined by 3.1 per cent to Sh137.5 billion in the first quarter of 2019 compared to Sh141.9 billion registered in a similar period in 2018 .
Tea, horticulture, apparel and clothing accessories and unroasted coffee top as the country's leading foreign exchange earners.
According to Kenya National Bureau of Statistics, the decline was on account of decreased revenues from tea and titanium ores and concentrates.
Exports of titanium ores and tea declined to Sh3 billion from Sh4.19 billion, and to Sh31.37 billion from Sh40.09 billion respectively.
“The reduction in international price of tea partly contributed to the decrease in the value of tea exported which dropped from Sh307.71 per kilogramme to Sh237.54 per kg over the period,” it stated.
The data also attributed the drop in earnings from domestic exports of tea to Pakistan to Sh13.05 billion from sh18.61 billion.
This led to an overall decline in total exports to Far East Asia. Total exports to Asia fell by 20.9 per cent from Sh51.7 billion in the first quarter of 2018 to Sh 40.9 billion.
Total value of exports declined to Sh156.9 billion, from Sh161.7 billion over the period.
Value of Kenya's top exports drops by Sh10 billion - KNBS
Decline on account of decreased revenues from tea and titanium ores.