Tanzania Trade Data – Tanzania Import Export Market Watch

24 December 2019
Tanzania Trade Data

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.

Year

Value US$ Million

2014

-6,989

2015

-8,851

2016

-3,134

2017

-3,587

2018

-4,714

 


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.  

Product

Value US$ Million

Mineral Fuels & Oils

1,772

Machinery, Mechanical Appliances, etc.

1,000

Vehicles

852

Electrical Machinery & Equipment

507

Plastics

488

 


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.

Country

Value US$ %

China

20.7

India

14.3

United Arab Emirates

10.2

Saudi Arabia

6.7

South Africa

5.1

 


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.

Product

Value US$ Million

Pearls & Precious Stones

1,599

Tobacco

290

Coffee, Tea, Mate & Spices

195

Fish & Crustaceans

156

Edible Fruit & Nuts

139

 


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.

Country

Value US$ %

South Africa

19.6

India

19.2

Switzerland

6.8

Belgium

6.3

Kenya

5.8

 


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


Date

02-01-2019

HS Code

030449000000

HS Code Description

Fresh or chilled fillets of other fish: Other

Exporter Name

Nile Perch Fisheries Limited

Buyer Name

Lepore Mare S P A

Origin Country

United Republic of Tanzania

Export Country

United Republic of Tanzania

Destination Country

Italy

Port Name

Mwanza Lake Port

Quantity

2490

Unit

KGM

Gross Weight

2615

Net Weight

2490

Invoice Amount

6540

Invoice Currency

USD

Customs Value TZS

14842044.078

 


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