23 - 25 March 2022 | SARIT CENTRE, NAIROBI, KENYA

The impact of the COVID-19 crisis on trade: Recent evidence from East Africa

POSTED: 3rd Aug

Using Kenyan trade data published up through May 2020 to provide a preliminary evaluation of the impact of the COVID-19 crisis on regional trade in the East African Community (EAC).

Paradoxically, given the prevailing pessimism surrounding the prospects for global trade, Kenya actually experienced a significant improvement in exports in the first quarter of the year, together with a moderation of imports, leading to a marked decline in the trade deficit. While the initial shock to Kenyan trade caused by the COVID-19 crisis initially looked dramatic in terms of the declines registered, this paper reveals that i) the shock is not so alarming when seasonality is taken into account; ii) re-exports and imports have been the primary foci of impact; and iii) domestic exports have actually performed extraordinarily well under the circumstances, with incremental growth since 2019.

Read the full paper via Brookings here

Sign up for news updates

Book Your Stand

From visibility to credibility, taking part at Securexpo East Africa will provide unparalleled business opportunities. Join us for the leading expo and conference in East Africa and make your stand enquiry below.

ENQUIRE HERE