Tanzania Trade Data – Tanzania Import Export Market Watch

24 December 2019

Tanzania, officially the United Republic of Tanzania is a country in East Africa. Tanzania has been recording a negative balance of trade since last years as its imports were higher than exports. According to Export Genius, Tanzania’s imports valued US$ 8,510 million and exports valued US$ 3,795 million. The largest trading partners of Tanzania are India, China and South Africa. Let’s have an overall view of Tanzanian market with special focus on Tanzania import statistics and export statistics.

According to the International Monetary Fund (IMF), Tanzania’s gross domestic product (GDP) was an estimated $56.7 billion (nominal), or $176.5 billion on purchasing power parity (PPP).   

How Much Trade Tanzania Did in Last 5 Years?

Tanzania has been recording a trade deficit since last 5 years, although figures have been on the declining trend. The country registered trade balance of US$ -6,989 million in 2014 and US$ -4,714 million in 2018. Check Tanzania’s trade balance of last five years.

What Does Tanzania Import?

According to Tanzania import data, the country purchased goods worth US$ 8,510 million in 2018, rose from previous year’s US$ 7,765 million. Tanzania’s imports of mineral fuels & oils recorded the highest number of shipments with share in value of 20.83% as compared to the total import commodities. Top 5 Tanzania imports accounted 53.99% of the overall value of shipments entered into the country.  

Which Countries, Tanzania Imports Goods From?

Tanzania’s largest import partners are China, India, United Arab Emirates, Saudi Arabia and South Africa. According to Tanzania customs data, the country purchased goods worth US$ 1,761 million from China in 2018. Tanzania’s imports from India valued US$ 1,217 million. Top 5 Tanzania import partners accounted 57% of the total shipments arrived into the country.

What Does Tanzania Export?

As per Tanzania export data, country’s major exports are pearls & precious stones, tobacco, coffee, tea, fish and edible fruits & nuts. Total export shipments of pearls & precious stones valued US$ 1,599 million were departed from the country in 2018. Goods under Chapter 71 shared 42.13% value to total exports. Top 5 Tanzania’s exports accounted 62.74% to overall value of export shipments.

Which Countries, Tanzania Export Products To?

Tanzania’s major export partners are South Africa, India, Switzerland, Belgium and Kenya. Tanzania shipped goods worth US$ 743 million to South Africa in 2018. Another US$ 727 million worth of commodities was supplied to India. Top 5 Tanzania largest export partners shared 57.7% to the overall value of export shipments.

If you want to import or export any product into Tanzania, get Tanzania import export data with complete shipment details. Have a look at Tanzania export sample which will help you understand the specific information in data.

Tanzania Export Sample

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