Analysis by Region - Emerging Markets - Kenya

Kenya has been hit by a 10% increase in tariffs on most of its exports to the US, notably apparel, which constituted 63% of Kenya’s exports to the US in 2023, as well as coffee and tea (14% of exports). Only a small share of Kenyan exports is exempt from the tariffs, including fuels (7%), ores, slag, and ash (4%), and iron and steel products (1%). With only 6.4% of Kenya’s total goods exports going to the US, the macroeconomic impact should be limited. Nonetheless, the tariff increases could have a more acute impact on individual sectors, particularly the garment and coffee industries, which have already expressed concern.


Mexico: Outlook deteriorates as US retains antagonistic stance
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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