Trade Trend

In 2023, Tanzania's total export value is 7.27Billion USD, total import value is 15.12Billion USD, Deficit is -7.84Billion USD, and foreign trade dependency is 0.283. In 2023，Tanzania's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.06Billion USD), Tobacco, unmanufactured; tobacco refuse(340.49Million USD), Vegetables, leguminous; shelled, whether or not skinned or split, dried(274.60Million USD), top export destinations are India(1.55Billion USD), South Africa(1.12Billion USD), United Arab Emirates(686.44Million USD). In 2023, Tanzania's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.01Billion USD), Wheat and meslin(462.13Million USD), Tractors; (other than tractors of heading no 8709)(418.67Million USD), top import origins are China(4.16Billion USD), India(1.95Billion USD), United Arab Emirates(1.42Billion USD).

Comparing to 2022, Tanzania's total export value increased 449.48Million USD(6.59%) in 2023, this could result from its export increases of products such as Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(223.76Million USD or 7.89%), Tobacco, unmanufactured; tobacco refuse(161.97Million USD or 90.73%), Vegetables, leguminous; shelled, whether or not skinned or split, dried(90.84Million USD or 49.43%) and export increases to countries/economics such as India(375.39Million USD or 31.85%), South Africa(193.88Million USD or 20.86%), China(134.18Million USD or 45.68%). Comparing to 2022, Tanzania's total import value decreased -536.96Million USD(-3.43%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-645.01Million USD or -17.67%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-275.38Million USD or -77.43%), Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter(-94.20Million USD or -60.31%), and its import decreases from countries/economies such as United Arab Emirates(-1.07Billion USD or -43.11%), Belgium(-151.82Million USD or -62.97%), Oman(-107.61Million USD or -51.75%).

Cumulated to first 7 months of 2024, Tanzania's total export value is 2.20Billion USD, total import value is 6.43Billion USD, and tradedeficit is -4.23Billion USD. Cumulated to first 7 months of 2024, Tanzania's top export products are Copper; unrefined, copper anodes for electrolytic refining(423.03Million USD), Nuts, edible; coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled(266.50Million USD), Copper; refined and copper alloys, unwrought(214.34Million USD), and top export destinations are India(993.06Million USD), China(239.94Million USD), Vietnam(115.92Million USD). Cumulated to first 7 months of 2024, Tanzania's top import products are Copper; unrefined, copper anodes for electrolytic refining(423.03Million USD), Nuts, edible; coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled(266.50Million USD), Copper; refined and copper alloys, unwrought(214.34Million USD), and top import origins areChina(3.15Billion USD), India(1.65Billion USD), United States(207.29Million USD).