Quarterly Balance of Payments – Second Quarter 2024
About Report
Statistical Releases
Quarterly BOP Reports
September
2024
Overview
In the second quarter of 2024, the Current Account deficit improved by 34.5 per cent to KSh 104.1 billion as highlighted in Table 1. This improvement was supported by an increase in exports of merchandise goods from KSh 249.1 billion during the second quarter of 2023 to KSh 276.3 billion during the second quarter of 2024. During this period, imports of merchandise goods, valued on f.o.b increased by 2.3 per cent to KSh 617.5 billion primarily driven by increased imports of industrial machinery. Consequently, the balance of trade deficit improved from KSh 354.3 billion in the second quarter of 2023 to KSh 341.2 billion in the second quarter of 2024.