How much oil does Kenya import?
Summary Table
| Barrels per Day | Global Rank | |
|---|---|---|
| Oil Production | 824 | 107th in the world |
| Oil Consumption | 114,000 | 75th in the world |
| Daily Deficit | -113,176 | |
| Oil Imports | 2,164 |
What is Kenya’s main trade?
Overview. Agriculture dominates the Kenyan economy, accounting for 40% of the overall workforce (70% of the rural workforce) and about 25% of the annual workforce. The country’s major agricultural exports are tea, coffee, cut flowers, and vegetables. Kenya is the world’s leading exporter of black tea and cut flowers.
Who is Kenya’s biggest trading partner?
Kenya top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 509 | 8.71 |
| Netherlands | 470 | 8.06 |
| Pakistan | 443 | 7.60 |
| United Kingdom | 392 | 6.71 |
Which country does Kenya trade with the most?
China
China is squarely Kenya’s biggest trading partner, accounting for 17.2 per cent of Kenya’s total trade.
Does Kenya import oil?
Imports In 2019, Kenya imported $3.07B in Refined Petroleum, becoming the 50th largest importer of Refined Petroleum in the world. The fastest growing import markets in Refined Petroleum for Kenya between 2018 and 2019 were United Arab Emirates ($243M), Malaysia ($119M), and China ($78.1M).
Who imports crude oil in Kenya?
Saudi Arabia
Saudi Arabia has overtaken the United Arab Emirates (UAE) as the leading source of Kenya’s oil imports. Data from Kenya National Bureau of Statistics (KNBS) shows that imports of petroleum products from Saudi Arabia last year increased by 61 per cent to Sh132.
Does Kenya import or export oil?
Exports In 2019, Kenya exported $404M in Refined Petroleum, making it the 73rd largest exporter of Refined Petroleum in the world. Imports In 2019, Kenya imported $3.07B in Refined Petroleum, becoming the 50th largest importer of Refined Petroleum in the world.
How is the Kenyan economy doing?
Until the COVID-19 pandemic, Kenya was one of the fastest growing economies in Africa, with an annual average growth of 5.9% between 2010 and 2018. With a GDP of $95 billion, Kenya recently reached lower-middle income status, and has successfully established a diverse and dynamic economy.
Who are Kenya’s trading partners?
In 2019, Kenya major trading partner countries for exports were Uganda, United States, Netherlands, Pakistan and United Kingdom and for imports they were China, India, United Arab Emirates, Saudi Arabia and Japan.
What is Kenya most valuable export category?
Agricultural products are central to Kenya’s export industry with horticultural and tea being the most important. Other export items include textiles, coffee, tobacco, iron and steel products, petroleum products, cement.
Does Kenya have oil reserves?
More than 80 percent of Kenya’s estimated 2.85 billion barrels oil reservoir remains inaccessible for commercial exploitation due to limitations in extraction technology, British oil firm Tullow said in an update on its exploration programme in Turkana County.
How much does Kenya export from the world?
In 2019, Kenya exported a total of $6.25B, making it the number 107 exporter in the world. During the last five reported years the exports of Kenya have changed by $13.6M from $6.24B in 2014 to $6.25B in 2019.
What is Kenya trade data?
Based on Shipping Bills, Import Bills, Invoices and other import-export documents, Kenya trade data covers company details, product specifications and other customs-based details that are important for organizations worldwide. We adhere to data quality standards to gain trust of our esteemed clients.
What are the top export opportunities for Kenya by relatedness?
Export Opportunities by Relatedness #permalink to section The top export opportunities for Kenya according to the relatedness index, are Gold(0.32), Raw Sugar(0.3), Crustaceans(0.3), Coconuts, Brazil Nuts, and Cashews(0.29), and Bananas(0.29). Relatedness measures the distance between a country’s current exports and each product.
What is the global oil industry and market?
Global Oil Industry and Market – Statistics & Facts. At this time, crude oil is one of the most present and essential resources in everyday life. The oil industry is one of the most powerful branches in the world economy. More than four billion metric tons of oil is produced worldwide annually.