India
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 with investments in Tanzania reaching USD 3.65 billion in 2022.
India is Tanzania’s second-largest trading partner after China.
During the last 26 years, the exports of India to Tanzania have increased at an annualized rate of 10.8%, from USD 114 million in 1995 to USD 1.63 billion in 2021.
In 2021, India exported USD 1.63 billion to Tanzania. The main products exported from India to Tanzania were Refined Petroleum (USD 342 million), Packaged Medicaments (USD 227 million), and Motorcycles and cycles (USD 43.8 million).
In 2021, Tanzania exported USD 1.86 billion to India. The main products exported from Tanzania to India were Raw Copper (USD 757 million), Gold (USD 518 million), and Dried Legumes (USD 257 million).
Last Updated: 14th July 2023
