According to resources, the total export to Kenya from India reached an estimated revenue of more than $2.1 Billion by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
Value in $Million | 2020-2021 | 2021-2022(Apr-Nov) |
India Export to Kenya | 2011M | 2065M |
India Import from Kenya | 89M | 91M |
Total Trade | 2100M | 2156M |
Pharmaceuticals, Machinery, and Petroleum are the major exported products from India to Kenya at the present moment.
The E-commerce market in Kenya reached 3.5 billion by the year 2022 and is expected to cross more than $4 billion by 2025 with a 7.6% growth rate.
The main reason behind this rise is the Internet penetration rate in Kenya which has reached 40% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Kenya market whether through offline channels or online selling platforms & marketplaces in Kenya.
Useful resources