The Empirical Study on Potential of Bilateral Trade between China and Kenya in the Context “The Belt and Road”

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.