Kenya | Imports of goods and services (current US$)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Kenya
Records
63
Source
Kenya | Imports of goods and services (current US$)
1960 266419907.43204
1961 246847901.26084
1962 261519895.39204
1963 268365892.65364
1964 291759883.29605
1965 306319877.47205
1966 359519856.19206
1967 362039855.18406
1968 396479841.40806
1969 409639836.14407
1970 491679803.32808
1971 625800029.67999
1972 605359757.8561
1973 719305941.04547
1974 1214639514.1442
1975 1124851546.1871
1976 1103363094.58
1977 1419913415.7291
1978 2051910223.6233
1979 1970754653.7541
1980 2608236153.6171
1981 2318209962.5775
1982 2029695252.6133
1983 1686897646.6018
1984 1984603543.4607
1985 1849498186.9956
1986 2163994299.9217
1987 2104101026.0299
1988 2306399997.7461
1989 2495151393.3647
1990 2685575018.0659
1991 2327744590.3021
1992 2189413217.6183
1993 1953010595.4634
1994 2446514204.3592
1995 3541999889.4416
1996 3868109121.2206
1997 4114510959.8299
1998 4048921325.8303
1999 3528289113.006
2000 4030324231.8906
2001 4287364071.6825
2002 3980437856.7071
2003 4478129486.2087
2004 5290013363.0064
2005 6739990276.3727
2006 8329126840.2093
2007 10218887779.719
2008 12529038544.105
2009 11505843417.106
2010 13744246852.631
2011 17272679878.803
2012 17910885230.478
2013 18299434694.932
2014 20279300677.813
2015 17669406544.835
2016 16171498982.472
2017 19080378151.031
2018 20167352977.161
2019 20408411705.869
2020 17711643822.619
2021 21847594150.215
2022 24401529536.133

Kenya | Imports of goods and services (current US$)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Kenya
Records
63
Source