Number of the Week (94%) – Household Imports as a share of Total Imports
Number of the Week (94%) – Household Imports as a share of Total Imports
| Post date: Wed, Mar 2, 2016 | | Category: International Trade | |
Like many economies, Kenya, on a significant scale, relies on the goods imported from other countries in order to meet domestic demand. According to the Leading Economic Indicators , in 2015, the value of total imports was Ksh 1.58 trillion which is slightly lower than the 2014’s value which was Ksh 1.62 trillion. On per capita terms, total imports in 2014 and 2015 make Ksh 37,700 and Ksh 35,845 respectively. Furthermore, the data reveals that the value of Household Imports in 2014 and 2015 were Ksh 1.52 trillion and Ksh 1.49 trillion respectively. This week, we provide a month by month trend analysis in the value of both Domestic and Total Imports; this is illustrated in the chart below:
Source: KNBS| Leading Economic Indicators
The twenty four months’ trend as illustrated in the chart above indicate that total value of Household imports comprise a large share of the value of total imports. This is shown by the closeness of the bars. It is also revealed that the value of household imports tend to rise with the increase in total value of imports thus implying that household imports are highly influencing total value of imports.
Number of the Week: 94%
- From 2014 to 2015, the average monthly value of imports is Ksh 133 billion, out of which Ksh 125 billion comprise household imports.
- This implies that, on average, the share of the value of household imports is 94% of the total value of imports.
- Intuitively, this means that out of Ksh 100 worthy of imports, household imports amount to Ksh 94.
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