The trade between Kenya and Slovakia is still very low, with a total trade of US $ 6.2 million in 2011 and the balance of trade has been heavily in favour of Slovakia at about US $ 5.6 million in 2011. The skewed trade balance is as a result of the nature of traded commodities where Kenyan exports to Slovakia have been largely agricultural commodities while her imports from to Slovakia were high value products such as automotives and machinery.
On one hand, Kenya’s exports to Slovakia amounted to only US $ 0.65 million in 2011 and have been decreasing on average by 2% per year between 2007 and 2011. The main export products were cut flowers which accounted for 50% of the total exports to the market. Other exports, though insignificant, were vegetables including legumes, fruits, nuts, coffee, and iron and steel screws and bolts.
On the other hand, Kenya’s imports from Slovakia amounted to US $ 5.6 million in 2011 and have increased on annual average of 16% between 2007 and 2011. The main imports from Slovakia comprised of paper, automobiles/cars, fertilizers, machinery & equipment, computers, parts and accessories of equipment, and electrical/ electronics.
This report highlights some products in which Kenya could further her trade interest with Slovakia such as horticulture (vegetables, fruits and nuts, cut flowers), coffee, tea, tobacco products, animal and vegetable oils, leather, and processed fruit and vegetable juices; but only if appropriate interventions are undertaken. Some of the recommended interventions include; carrying out market studies, organizing trade fairs & exhibitions to facilitate entry of new products and also bilateral trade negotiations to bring down some of entry barriers like non-tariffs among others.