The Latest

Tanzania Exports Down -3.8% in Year Ending November 2017, Tourism and Fish Up

January 23, 2018
1 minute read
Tanzania Exports Services november 2017

The Bank of Tanzania (BOT) Monthly Economic Review of December 2017 indicates that earnings from export of goods and services in November 2017 decreased by -3.8% to USD 209.1 million from USD 217.4 million in the corresponding period in 2016. 

Goods Receipts
Exports of all goods declined, except for fish and fish products whose exports rose by 77.8% to USD 47,245.4 from USD 26,530.0 in the year ending November 2016 partly on account of usage of improved fishing gears.

Earnings from cloves fell by 10.0% mainly on account of a decline in volume. The volume of cloves exported fell to 5,944 tonnes from 6,575 tonnes in the year ending November 2016, largely due to the cyclical nature of the crop.

TANZANIA BUSINESS & INVESTMENT GUIDE 2026

Services Receipts
Receipts from services grew by 3.3%  to USD 3,693.0 million, mainly on account of an increase in travel and transport receipts.

Foreign exchange earnings from travel, which mainly comprises receipts from tourism, rose to USD 2,156.9 million in the year ending November 2017, from USD 2,101.2 million in the year to November 2016, owing to increase in the number of tourist arrivals.

In addition, increase in transit goods to and from neighboring countries contributed to the growth in receipts from transport services, which rose to USD 1,071.0 million from USD 1,056.6 million in the year to November 2016.

Tweet
Share
Share
Share
Related Posts
East Africa Nordic Investment Summit Tanzania
Read More

Dar Es Salaam Hosted East Africa Nordic Investment Summit To Advance Digital Transformation And SEZ Investments

Dar es Salaam hosted the East Africa Nordic Investment Summit on 25–26 February 2026, bringing together government leaders, Nordic partners, investors and entrepreneurs to align digital systems, capital structuring and policy frameworks. The summit focused on digital transformation, Special Economic Zones incentives and the launch of the Tanzania Youth Agri-Export Hub targeting exports to the UK market.
Tanzania Quarterly GDP Growth 2021-2025
Read More

Tanzania Economic Performance in 2025 Records 6.4% GDP Growth in Q3, 3.6% Inflation, 23.5% Credit Growth, 37.4% Gold Export Rise, and 2.29 Million Tourists

Tanzania’s economic performance in 2025 recorded real GDP growth of 6.4% in Q3, stable inflation at 3.6%, and strong private sector credit expansion of 23.5%, while lending rates moderated to 15.24%. Exports of goods and services rose by 10.2%, led by gold exports increasing 37.4% to about USD 4.7 billion, while international tourist arrivals reached 2.29 million.
AFRICA EAST TANZANIA REAL GDP GROWTH RATE 2025-2026-2027 UNCTAD
Read More

UNCTAD Forecasts 5.8% GDP Growth for Tanzania in 2026 as Inflation Declines to 2.8% Despite Global Slowdown

UNCTAD’s World Economic Situation and Prospects 2026 projects GDP growth at 5.8% in 2026 and 5.3% in 2027, supported by robust domestic demand, improved macroeconomic stability, IMF-backed reforms, strong agricultural output, and favourable gold prices, while inflation is projected to decline to 2.8%. This contrasts with a global growth outlook of 2.7% in 2026 amid trade tensions, fiscal pressures, and subdued investment.