The Latest

Tanzania Gold Exports Up +25% in August 2019

October 18, 2019
2 minute read
Tanzania gold exports august 2019

The latest Bank of Tanzania (BOT) Monthly Economic Review indicates that in August 2019 gold exports rose by +25.1% to USD 1,915.3 million, driven by volume, and accounted for more than half of non-traditional exports.

The value of non-traditional exports was USD 3,904.2 million in the year ending August 2019 compared with USD 3,257.5 million in the corresponding period in 2018, largely driven by minerals (particularly gold), and manufactured goods.

The increase in the export of manufacturing goods manifested mostly in manufactured coffee, yarn and twine, iron and steel, and fertilizers.

Tanzania Investment Guide 2026 Free Edition

Services receipts amounted to USD 3,916.3 million in the year ending August 2019 compared with USD 3,887.4 million in the year ending August 2018 and accounted for 44.7 percent of total exports. Much of the increase emanated from travel receipts.

The value of traditional goods exports fell by 55.0% year-on-year to USD 508.8 million in the year ending August 2019.

The decline was general for all traditional goods exports, save for coffee.

The value of coffee exports rose on account of an increase in volume following good weather during the crop season, while that of cashew nuts declined due to fall in both volume and unit prices in the world market.

The value of cloves, tobacco and sisal export decreased on account of volume, while that of tea was driven by price in the world market.

TanzaniaInvest Capital Markets Report Banner

Cloves did not perform well due to the cyclical nature of the crop.

For the year ending August 2019, the overall export of goods and services improved slightly to USD 8,770.6 million from USD 8,713.2 million in the year ending August 2018.

Want to know more about the Economy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the Economy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
EU-Tanzania Roadshow 2026 APM Terminals at Maasvlakte Rotterdam
Read More

EU–Tanzania Roadshow Ends With Rotterdam and Antwerp Port Visits as Tanzania Pitches Port, Rail and Logistics Opportunities to European Companies

The EU-Tanzania roadshow ended in Antwerp on 6 October 2026 after port visits in Rotterdam, with Tanzania's port and rail authorities pitching openings for terminal operators, EPC contractors, private rail operators and digital rolling stock tracking, while rail operator Vecturis, minerals logistics group Polytra, heavy lifting company Sarens and marine data company GEOxyz outlined their plans in Tanzania. The EU said it will join the World Bank and the EIB, which has a formal financing request, in supporting the Dar es Salaam port expansion, and offered Global Gateway guarantees, equity and feasibility funding for company projects screened by member states.
EU-Tanzania Roadshow 2026 The Hague day 1 opening Mkumbo
Read More

EU–Tanzania Roadshow Reaches The Hague With Coffee, Cashew, Critical Minerals, and Port Investment Pitches

The EU-Tanzania roadshow reached The Hague on 5 October 2026 for its final leg, where Tanzania pitched coffee and cashew processing, wheat and edible oils, critical minerals, the new Bagamoyo and Mwambani ports on the mainland, Zanzibar's Mangapwani port hub, four dry ports, and two new lines of the standard gauge railway network to around 90 businesses. Agriculture emerged as the priority sector for European and Dutch investors, with the best opportunities in food production and value addition, backed by Dutch expertise as the world's second-largest agricultural exporter.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free