National Assembly Speaker Moses Wetang’ula has raised concerns about Kenya’s increasing trade deficit with China. The imbalance, according to Wetang’ula, has widened significantly in recent months. He called for immediate action to address the issue.
Kenya’s trade deficit with China reached $1.2 billion in the first half of 2024. This marks a 15% increase compared to the same period in 2023. Wetang’ula highlighted that Kenya imports more goods from China than it exports.
The imbalance has sparked discussions within the Kenyan government. Officials are considering policy changes to boost local production and reduce reliance on Chinese imports. Wetang’ula emphasized the need for strategic trade agreements.
This situation follows years of growing economic ties between Kenya and China. Chinese investments in infrastructure have increased, but local industries have struggled to compete. The trade imbalance has raised concerns about economic sovereignty.
Kenya’s trade with China has expanded since 2013. However, the current deficit reflects challenges in diversifying exports and strengthening domestic manufacturing. Experts suggest that addressing the imbalance will require long-term economic reforms.
