The diversification in Kenya’s export products and external markets is expected to moderate any adverse effects of external shocks on exports. A significant share of Kenya’s exports, about 40 percent, is exported to Africa, and these economies are not dominantly reliant on commodity exports.
We are also closely monitoring the impact of the recent elections in the U.S. on trade given that the U.S. accounts for about 7 percent of Kenya’s total exports; largely through the African Growth and Opportunity Act (AGOA) framework.