Nairobi, Oct. 21 -- Kenya's goods trade deficit for the first eight months of the year widened by 35.31 percent, largely on increased expenditure on importation of fuel products and factory supplies, official data shows.
The trade deficit - the gap between merchandise imports and exports - increased to Sh852.14 billion from Sh629.75 billion a year ago amid a recovery in global oil prices and persistent disruptions in supply chains which have increased the cost of shipping materials.
Expenditure on imports bumped 27.4 percent year-on-year to Sh1.34 trillion in the review period, higher than the 15.64 percent growth in earnings from exports to Sh489.55 billion, according to provisional trade data published by the Kenya National Bureau of St...