- Kenyan imports from Saudi Arabia grew three fold to $228 million in March on increased orders of diesel.
- This was the highest import value compared to China’s ($217 million), India’s ($194 million) and the UAE’s ($99 million).
- Kenya is using a new procurement system designed to cut pressure on forex demand by adopting 180-day credit from payment on delivery.
Saudi Arabia is currently Kenya’s largest source of imports, underscoring the significance of recent oil import deal according to data by the Kenya National Bureau of Statistics (KNBS).
The Middle Eastern country overtook China, India and the United Arab Emirates (UAE) to become Kenya’s biggest single import market for the first time, driven by increased diesel orders.
KNBS data shows that goods imported from Saudi Arabia grew three fold to $228 million in March on increased orders of diesel from $60 million a month earlier.
This was the highest import value …
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