Gold in Kenya | The Observatory of Economic Complexity

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Exports In 2023, Kenya exported $400M in Gold, making it the 78th largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in Kenya. The main destination of Gold exports from Kenya are: United Arab Emirates ($356M), South Africa ($25.4M), Uganda ($16.1M), Hong Kong ($1.03M), and United States ($706k).

The fastest growing export markets for Gold of Kenya between 2022 and 2023 were United Arab Emirates ($120M), Uganda ($16.1M), and South Africa ($1.29M).

Imports In 2023, Kenya imported $23.7M in Gold, becoming the 85th largest importer of Gold in the world. At the same year, Gold was the 155th most imported product in Kenya. Kenya imports Gold primarily from: United Arab Emirates ($23.7M), Germany ($84), France ($68), and Thailand ($9).

The fastest growing import markets in Gold for Kenya between 2022 and 2023 were France ($68) and Germany ($4).

Latest Trends

Dec 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$400M

IMPORTS (2023)$23.7M

NET TRADE (2023)$376M

In 2023, Kenya exported $400M in Gold. The main destinations of Kenya exports on Gold were United Arab Emirates ($356M), South Africa ($25.4M), Uganda ($16.1M), Hong Kong ($1.03M), and United States ($706k).

In 2023, Kenya imported $23.7M in Gold, mainly from United Arab Emirates ($23.7M), Germany ($84), France ($68), and Thailand ($9).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Exports

Imports

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Ending

THE FASTEST GROWING Gold EXPORT MARKETS FOR Kenya WERE (2022 - 2023):

United Arab Emirates$120M (50.6%)

Uganda$16.1M (1%)

South Africa$1.29M (5.35%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Kenya WERE (2022 - 2023):

Rwanda-$124M (-100%)

Switzerland-$7.29M (-100%)

South Korea-$1.83M (-100%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Kenya's main exporting competitors in Gold were:

Switzerland $109B

United Arab Emirates $46.8B

United Kingdom $33B

In 2023, Kenya's main importing competitors in Gold were:

Switzerland $111B

China $87.8B

United Arab Emirates $75.2B

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Trade Value of Gold by Exporters

Potential Exports

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Exports

Imports

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TOP EXPORT POTENTIALUnited Arab Emirates+ $11.8M

TOP IMPORT POTENTIALTanzania+ $8.8M

Gold’s highest export potential is United Arab Emirates. With an export gap of $11.8M. Gold’s highest import potential is Tanzania with an import gap of $8.8M.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Gold by Exporters

Potential Exports

Potential Exports

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