The Bank of Tanzania (BOT) Monthly Economic Review of February 2017 indicates that earnings from export of goods and services increased by 26.9% to USD 225.9 million in the year ending January 2018.
The improved performance follows the improvement in the major export commodities, which are cloves and seaweeds and that represent 87.6% of goods exports and 25.7% of exports of goods and services of Tanzania.
The volume of cloves exports rose to 7,002 tonnes from 3,155 tonnes, while earnings rose to USD 55.3 million from USD 24.9 million.
For seaweeds, exports amounted to 7,413.2 tonnes valued at USD 2.7 million against 5,175.7 tonnes valued at USD 2.4 million in the year ending January 2017.
Manufactured goods, which included manufactured re-exports, increased to USD 6.1 million from USD 1.5 million. Much of the increase occurred in exports of fish and fish products, particularly exports of live lobster and crabs.
Services Receipts
Services receipts rose by 10.2% to USD 3,974.7 million from the amount realized in the preceding year, largely contributed by good performance in travel and transport receipts.
Travel receipts grew by 11.8% to USD 2,370.8 million owing to increase in the number of tourist arrivals, while transport receipts rose by 8.9% to USD 1,164.6 million on account of increase in transit goods to and from neighbouring countries.
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