Overview of the Bilateral Trade Relationship of Kenya and China
Apart from the strategic geographical location and duty-free access of around 98% of exports, the projects implemented by the Chinese authority like the Standard Gauge Railway and Belt and Road Initiative have contributed a huge percentage to the bilateral trade relationship between Kenya and China. The vast production of China's industrial sectors and the increasing domestic necessities of Kenya's consumer rate have recorded a significant hike of 6.7% CAGR in 2023 from the previous year's trade value with the same.
The notable trade relationship between these two trade destinations has been growing continuously with a staggering rate of 8 billion US dollars in 2018 to a hike of around 14 billion US dollars in 2023, a representative of the country's growing global demands.
China’s Top Exports to Kenya
As per the detailed analysis of the China Export Data, the top exports of the nation to Kenya in 2023 have recorded a staggering rate of 6 billion US dollars due to the increasing acquisition of Kenya's trade management authorities, the leading exports with the current exports valuation are discussed below.
1. Machinery and Electrical Equipment - Export trade value of Machinery and electrical equipment from China in 2023 - 2.6 billion US dollars.
2. Textiles - Export trade value of Textiles from China in 2023 - 1.8 billion US dollars.
3. Plastics - Export trade value of Plastics from China in 2023 - 1 billion US dollars.
4. Iron and Steel - Export trade value of Iron and steel from China in 2023 - 800 million US dollars.
5. Vehicles - Export trade value of Vehicles from China in 2023 - 700 million US dollars.
6. Furniture - Export trade value of Furniture from China in 2023 - 600 million US dollars.
7. Plastic or Rubber Articles - Export trade value of Plastic or rubber articles from China in 2023 - 500 million US dollars.
8. Optical, Photographic, and Medical Equipment - Export trade value of Optical, photographic, and medical equipment from China in 2023 - 400 million US dollars.
9. Chemicals - Export trade value of Chemicals from China in 2023 - 300 million US dollars.
10. Articles of Iron & Steel - Export trade value of Articles of Iron & Steel from China in 2023 - 200 million US dollars.
China's Top Exporting Companies to Kenya
The Kenya Import Data highlights the below-mentioned companies of China as the leading producers of its domestic acquirements.
1. Huawei Technologies Co., Ltd. - Valuation of Huawei Technologies Co., Ltd exports to Kenya in 2023 - 2 billion US dollars.
2. ZTE Corporation - Valuation of ZTE Corporation exports to Kenya in 2023 - 1.8 billion US dollars.
EXPORTED PRODUCT VARIANTS
• Consumer devices • Network Solutions • Data center solutions • IoT products • Telecommunication equipment
3. Sinohydro Corporation Limited - Valuation of Sinohydro Corporation Limited exports to Kenya in 2023 - 1 billion US dollars.
EXPORTED PRODUCT VARIANTS
• Hydropower engineering solutions • Renewable energy solutions • Infra development • Construction machinery and equipment • Construction services
4. Sinopec Group - Valuation of Sinopec Group exports to Kenya in 2023 - 900 million US dollars.
EXPORTED PRODUCT VARIANTS
• Refined petroleum products • Petrochemicals • Crude oils • Lubricants • Natural gas and LNG
5. Shandong Iron & Steel Group Co., Ltd. - Valuation of Shandong Iron & Steel Group Co., Ltd. exports to Kenya in 2023 - 800 million US dollars.
EXPORTED PRODUCT VARIANTS
• Steel plates • Hot rolled coils • Steel bars and rods • Stainless steel products • Structural steel
6. Haier Group - Valuation of Haier Group exports to Kenya in 2023 - 700 million US dollars.
EXPORTED PRODUCT VARIANTS
• Home appliances • Smart TV’s • Kitchen Appliances • Consumer electronics • Industrial and commercial solutions
7. China National Petroleum Corporation - Valuation of China National Petroleum Corporation exports to Kenya in 2023 - 600 million US dollars.
EXPORTED PRODUCT VARIANTS
• Crude oil • Refined petroleum products • Natural Gas and LNG • Petrochemicals • Oilfield services
8. China Railway Construction Corporation Limited - Valuation of China Railway Construction Corporation Limited exports to Kenya in 2023 - 500 million US dollars.
EXPORTED PRODUCT VARIANTS
• Railway engineering and construction services • Rolling stock and railway equipment • Road construction equipment • Urban infrastructure • Engineering and Construction Machinery
9. China State Construction Engineering Corporation (CSCEC) - Valuation of China State Construction Engineering Corporation (CSCEC) exports to Kenya in 2023 - 400 million US dollars.
EXPORTED PRODUCT VARIANTS
• Engineering and construction services • Infrastructure development equipment • Prefabricated building material • Public transport equipment • Green building and sustainable solutions
10. CITIC Group Corporation - Valuation of CITIC Group Corporation exports to Kenya in 2023 - 300 million US dollars.
EXPORTED PRODUCT VARIANTS
• Mining and mineral resources • Heavy machinery and equipment • Engineering and infrastructure services • Financial products • Automotive and engineering solutions
FAQ'S
Que. What is the bilateral trade value of Kenya and China in 2023? Ans. The bilateral trade value of Kenya and China in 2023 is 14 billion US dollars.
Que. What is the top exported product of China in 2023? Ans. Machinery and electrical equipment are the top exported products of China in 2023.
Que. Who is the top exporting company in China in 2023? Ans. Huawei Technologies Co., Ltd is the top exporting company of China in 2023.
Que. Where can you get a detailed trade analysis of Kenya and China in 2023? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the trade analysis of Kenya and China in 2023.