In 2010, Sweden's export to Kenya amounted to approximately SEK 419 million (KES 5,9 million). Important export products are paper, machinery, manufactured products, medical equipment and vehicles. Imports from Kenya consist mainly of coffee, cut flowers, fruits and vegetables. The value of Swedish imports amounted to around SEK 278 million (KES 3,9 million) in 2010.
Currently some 50 Swedish related companies are represented in Kenya, with the majority based in Nairobi. Among these are ABB, Alfa Laval, Atlas Copco, Bahco, Ericsson, HemoCue, Africa Oil Kenya, Sandvik, Scania, SKF, TetraPak and Volvo. Several of these companies cover East Africa from Nairobi.
Swedish investments in Kenya are on a fairly low level, but also on the rise. Swedfund, a Swedish investment company, has since 2009 an office in Nairobi. Many companies, such as Tetra Pak and Scania, have invested in production facilities and are continually expanding. Sweden has a Double Taxation Avoidance Agreement with Kenya since 1973, but there is no Investment Protection Agreement between the two countries.
As a result of Sweden’s long co-operation with Kenya that dates back to independence in 1963, Sweden enjoys a large amount of good-will in Kenya. The positive image of Sweden in Kenya is an important factor when promoting Swedish companies in the country. The Swedish Trade Council, with an office in Nairobi, is coordinating a framework on corporate social responsibility (CSR) for Swedish related companies, under the heading Swedish long term commitment to Kenya.
There are significant opportunities for growth in the trade relations, especially in the fields of ICT and environment, e.g. alternative energy solutions. The Swedish Trade Council and its office in Nairobi can assist exporters with an interest for the Kenyan market.
In a medium-long perspective, Kenya’s development possibilities in the commercial area are considered as positive. The country prouds itself of a significant tradition of doing business and knowledge in the field of trade. The entry into force of the East African Common Market on 1 July 2010 opens new possibilities. In a regional perspective, Kenya has a very skilled workforce and a strong financial secgtor. Kenya is, due to the country’s geographical position, developed infrastructure with an international airport and a deep-sea port, seen as a regional centre in East Africa for investments and commercial ventures. Furthermore, Kenya has the strongest economy of the region. However, corruption is a concern for trade and investment in Kenya.
The external links at the top right of this page lead to more detailed information, also concerning market possibilities and requirements for exports to Sweden.