The Bank of Tanzania (BOT) Monthly Economic Review–March 2016 recently published shows that the value of export of goods and services in the year ending February 2016…
Tanzania’s main exports are tourism, minerals, manufactured goods, crops, fish and fish products, and horticultural products.
Tanzania Tourism Exports
The Tanzanian tourism sector is the country’s number one foreign currency earner.
Visitor exports generated USD2.3b in 2015, compared to USD1.2b in 2010, representing an increase of 93%.
Tanzania Mineral Exports
Mineral exports of Tanzania amounted to nearly USD1.4b in 2015 (i.e. 24%), compared to USD1.6b in 2010 and USD1.3b in 2009.
Gold exports accounted for USD1.3b of Tanzania’s exports in 2015, representing more than 90% of the country’s mineral exports.
Tanzania gold exports remained steady over the past 5 years with USD1.3b in 2010.
Tanzania exports gold mainly to South Africa, India and Switzerland. Other mineral exports of Tanzania include diamonds, tanzanite, rubies, sapphires, emerald, copper, silver and other precious stones.
Tanzania Manufactured Good Exports
Manufactured good exports accounted for USD1.3b of the total value of Tanzania’s exports in 2015 compared to USD994m in 2010, representing an increase of 33%.
Tanzania’s manufactured good exports include cotton yarn, manufactured coffee and tobacco, sisal products (yarn and twine), plastic items, textile apparels, cement, and wheat flour.
Tanzania Crop Exports
Crop exports accounted for USD812m of the total value of Tanzania’s exports in 2015, compared to USD610m in 2010, representing an increase of 33%.
Raw tobacco represents Tanzania’s most important exported cash crop growing from USD 169m worth of exports in 2010 to USD 318m in 2015, followed by cashews which grew from USD 50m to USD 201m, and coffee from USD 109m to USD 162m in the same period.
The top export destinations of the Tanzanian tobacco are Germany, Russia, and Poland, while almost 80% of cashews are exported to India.
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Given that Tanzania exports continue to play an important role in the economic development of the East African country, visible steps have been taken over…
According to a recently released statement from the Bank of Tanzania (BoT), between October 2010 and October 2011 Tanzania gold exports have witnessed a 33…