Abstract
With the further development of “The Belt and Road”, bilateral trade between China and Kenya is becoming increasingly close. In order to further understand the development of bilateral trade in goods between China and Kenya, as well as the development trend of trade potential in the future, this paper uses trade intensity index and trade potential index to estimate the potential of bilateral goods trade between China and Kenya. The following conclusions are drawn: the import trade links between China and Kenya are relatively loose; the export trade links are relatively close; the import/export trade between the two sides is increasing year by year, with a better development trend in the future; although the trade potential index has fluctuated in the past decade, it has been rising in the past three years, with a better trend in the future. Through the analysis of trade potential, this paper summarizes the problems existing in the bilateral trade between China and Kenya, and puts forward relevant countermeasures and suggestions.
Highlights
Since the “The Belt and Road” initiative was put forward in 2013, it has provided a good cooperation platform for the silk road economic belt and the maritime silk road economic belt
In order to further understand the development of bilateral trade in goods between China and Kenya, as well as the development trend of trade potential in the future, this paper uses trade intensity index and trade potential index to estimate the potential of bilateral goods trade between China and Kenya
The following conclusions are drawn: the import trade links between China and Kenya are relatively loose; the export trade links are relatively close; the import/export trade between the two sides is increasing year by year, with a better development trend in the future; the trade potential index has fluctuated in the past decade, it has been rising in the past three years, with a better trend in the future
Summary
Since the “The Belt and Road” initiative was put forward in 2013, it has provided a good cooperation platform for the silk road economic belt and the maritime silk road economic belt. The “The Belt and Road” initiative provides space for cooperation between China and Kenya, opening up the consumer market each other and promoting trade. China and Kenya are both developing countries, there are problems such as bilateral trade imbalance and aging trade structure in bilateral import and export goods trade due to different national economic scale, population and degree of social development. Under the background of both opportunities and challenges of bilateral trade in goods, this paper will analyze the current situation of bilateral trade in goods and the potential of bilateral trade in goods, find out the problems existing in bilateral trade between China and Kenya, and put forward suggestions for in-depth cooperation in bilateral trade
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