Tanzania-India Trade & Investments
Tanzania and India have traditionally enjoyed close, friendly, and cooperative relations.
From the 1960s to the 1980s the political relationship was driven largely by shared ideological commitments to anti-colonialism and socialism in various.
India is the second largest trading partner of Tanzania with bilateral trade of USD 2.37 billion in 2020-21. India is also among the top five investment sources in Tanzania.
India is also among the top five investment sources in Tanzania with investments in Tanzania reaching USD 3.65 billion in 2022.
The exports of India to Tanzania have increased at an annualized rate of 10.5%, from USD 115M in 1995 to USD 1.41B in 2020.
The main products that India exported to Tanzania in 2020 were Refined Petroleum (USD 481M), Packaged Medicaments (USD 215M), and Raw Sugar (USD 30.7M).
The exports of Tanzania to India have increased at an annualized rate of 9.51%, from USD 92M in 1995 to USD 891M in 2020.
In 2020, Tanzania exported USD 891M to India. The main products that Tanzania exported to India were Raw Copper (USD 260M), Coconuts, Brazil Nuts, and Cashews (USD 221M), and Gold (USD 159M).
Last Updated: 24th January 2022