This study describes trade margins (intensive and extensive) and establishes determinants of the mid-point export and import growth during the global financial crisis (GFC) and COVID-19 pandemic by relying on Kenya’s monthly customs transaction data (at 6-digit level of Harmonized System) for the period January 2006–June 2020. Exports fell during the two crises, of which the intensive margin was responsible for the drop during GFC while the extensive margin dominated the COVID-19 era. Imports are mainly driven by the extensive margin which grew during GFC but declined during the pandemic.

JEL: F02: International Economics / General / International Economic Order and Integration ; F14: International Economics / Trade / Empirical Studies of Trade ; F23: International Economics / International Factor Movements and International Business / Multinational Firms ; International Business ; F60: International Economics / Economic Impacts of Globalization / General ; G01: Financial Economics / General / Financial Crises

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  • Published online: 14 Mar 2022
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